Retail Shopping Center
1020-1032 S Broadway Geneva, OH 44041
For Sale
Contact for pricing
Built in 2007 and totaling 8,990 SF within a 1.5-acre lot, this shopping center offers multiple storefront spaces.
Property Size8,990 SF
Lot Size1.50 Acres
Price / SF$149.15
Days on Market328
Property Features for 1020-1032 S Broadway
General Information
Standard status
Active
Size
8,990 SF
Lot size
1.50 Acres
Property subtype
RETAIL
Listing Agency:
Legacy Real Estate Advisors
(248) 450-3259
Listed By:
Dominic Shamany · License #REC.2020005946
(248) 450-3259
Source:
Moodyscre
Added: Sep 5, 2025
Changed: Jul 27
Last Checked: Jul 28 at 4:28PM
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 Legacy Real Estate Advisors
Investment Insights
Based on property information with market context.
Colonel's Plaza is a shopping center building in Geneva, Ohio, constructed in 2007. The property consists of an 8,990 SF building on a 1.5-acre lot, with multiple storefront spaces at 1020–1032 S Broadway.
The site is described as being minutes from I-90, and the provided materials include traffic counts of 12,000+ vehicles passing the site daily on S Broadway, along with a stated 10,000+ people within a 3-mile radius.
A rent example for Cleveland OBGYN is referenced, with the effective date shown as 8/1/2025 and a seller credit described as the difference at closing.
The site is described as being minutes from I-90, and the provided materials include traffic counts of 12,000+ vehicles passing the site daily on S Broadway, along with a stated 10,000+ people within a 3-mile radius.
A rent example for Cleveland OBGYN is referenced, with the effective date shown as 8/1/2025 and a seller credit described as the difference at closing.
Key Highlights
- Colonel's Plaza shopping center in Geneva, OH within the Cleveland, OH MSA
- 8,990 SF building built in 2007 on a 1.5‑acre lot
- Traffic counts show 12,000+ vehicles pass the site daily on S Broadway
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.8k | $18.00 |
| − Vacancy | −$4.2k | −$0.47 |
| EGI | $157.6k | $17.53 |
| − OpEx | −$47.3k | −$5.26 |
| NOI | $110.3k | $12.27 |
8,990 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,329 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.95M
NOI $117,270 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Giant Eagle, 755 S Broadway, Geneva, OH 44041
Frequently Asked Questions
What type of property is this?
Shopping center - Built in 2007 and totaling 8,990 SF within a 1.5-acre lot, this shopping center offers multiple storefront spaces.
Where is this shopping center located?
The property is located at 1020-1032 S Broadway Geneva, OH.
What is the asking price?
The asking price for this property is $1,340,851.
What are key features of this property?
This property features: Colonel's Plaza shopping center in Geneva, OH within the Cleveland, OH MSA; 8,990 SF building built in 2007 on a 1.5‑acre lot; Traffic counts show 12,000+ vehicles pass the site daily on S Broadway
