Listing Agency: Comey & Shepherd c***@gmail.com Show Phone

Listed By: Janelle A. Sprandel Show Phone

Source: Exprealty

Added: Aug 28 Changed: Oct 12 Last Checked: Oct 16 at 2:57PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Comey & Shepherd

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Located at 10059 State Route 132 in Pleasant Plain, Ohio, this 3,960 SF property is associated with Plain Folk General Store, an established operating business. The offering includes multiple garages and rental income in addition to the store operation. The property serves a customer base in the surrounding small-town community, combining an active retail business with an additional income component.

Key Highlights

• 3,960 SF property at 10059 State Route 132
• Plain Folk General Store is an established operating business
• Rental income provides an additional income component

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,495

Cap Rate

5.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$329,900 $329.9K

Cap Rate 7%

$235,643 $235.6K

Cap Rate 9%

$183,278 $183.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,960 SF

Gross rent

$22.8K $5.76/SF

− Vacancy

−$817 −$0.21/SF

EGI

$22.0K $5.55/SF

− OpEx

−$5.5K −$1.39/SF

NOI

$16.5K $4.17/SF

Area

Warren County, OH

Vacancy

3.58%

Lease Rate

$5.76 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$329,900

Cap Rate 7%

$235,643

Cap Rate 9%

$183,278

Alternative Uses

Best Use

Retail

$552.4K

$483.4K – $644.5K (±1% cap)

NOI $38,669 @ 7.0% cap · market cap 11.90%

Second Best

Specialty Retail

$235.6K

$206.2K – $274.9K (±1% cap)

NOI $16,495 @ 7.0% cap · market cap 5.08%

Theoretical Best

Office A

$884.5K

$774.0K – $1.03M (±1% cap)

NOI $61,917 @ 7.0% cap · market cap 19.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply Furniture & Home Goods Cafe & Coffee Shop Grocery & Convenience Store Garden Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 45162, OH

2,730

Population

942

Households

2.9

Avg Household Size

43

Median Age

19%

College-Educated

88%

High-School Grad

23.9 sq mi

ZIP Area

114

Density / Sq Mi

$72,321

Median Household Income

$42,353

Median Earnings

$1,315

Median Rent

$215,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Operating general store with rental income and multiple garages.

Where is this grocery and convenience store located?

The property is located at 10059 State Route 132 Pleasant Plain, OH.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 3,960 SF property at 10059 State Route 132; Plain Folk General Store is an established operating business; Rental income provides an additional income component