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    726 China Street Crooksville, OH 43731

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    For Sale
    $2,100,000

    SINGLE_FAMILY - Crooksville, OH

    Type:Retail
    Property size:
    6,620 SF
    Lot size:
    0.88 Acres
    Price / SF:
    $317/SF
    Added:
    Apr 1, 2026
    Days on Market:
    34
    Last Refresh:
    May 4 at 9:06 pm

    Property Features for 726 China Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking
    40
    Parking features
    Parking Lot
    Security features
    Security
    Standard status
    Active
    APN
    110010180000
    Size
    6,620 SF
    Lot size
    0.88 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PT SW 1/4 SEC 16 .006 AC PT SE 1/4 SEC 17 .869 AC SEC 16
    Tax Annual Amount
    4544

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Gail L Garland

    Listing agent Gail L Garland License #417546

    Listing office Lepi & Associates 1257 Maple Avenue, Zanesville, OH

    Listing date Apr 1, 2026

    MLS# 5198415

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Grocery Store with Multiple Streams

    This is a rare opportunity to own a fully operational village grocery store, well-established with excellent visibility and a strong community presence, offering multiple income streams. Situated on 0.875 acres, the property features 6,620 sq ft of commercial space, along with a utility building and shed, providing ample room for storage, operations, and future expansion. The main storefront includes large glass display windows that maximize product visibility and natural light, creating an inviting retail environment. The store is currently in operation, offering a seamless transition for a new owner looking to step into a turnkey business. Key revenue amenities include an on-site lottery machine, a valuable liquor license, and Marathon-branded gas pumps, all of which are included in the sale. A large neon digital sign positioned at the front of the property ensures high visibility. Parking for over 40 cars accommodates steady flow, delivery trucks, and community events. This property delivers strong fundamentals, established customer loyalty, and room for growth. It is a standout commercial offering with multiple profit centers in one convenient location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ruff's IGA — 700 China St, Crooksville, OH 43731

    Location Insight

    • Map
    • Local Demand
    City
    Crooksville
    County
    Perry
    State
    Ohio
    Longitude
    -82.095774
    Latitude
    39.777316

    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey village grocery store with lottery, liquor, and gas.
    Where is this grocery and convenience store located?
    The property is located at 726 China Street Crooksville, OH.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Turnkey, fully operational village grocery store with established customer loyalty and multiple income streams.; High‑visibility location on 0.910 acres, featuring a large neon digital sign and parking for 40+ cars.; Substantial 6,620 sq ft commercial space with additional utility building and shed for storage and expansion.
    (740) 819-3190
    We can help!
    Listing Contact
    Gail L Garland
    Real Estate License ID: 417546
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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