Lancaster Retail Property For
For Sale
Contact for pricing
1133-1141 N Memorial Dr, Lancaster, OH
Retail property available for purchase in Lancaster, Ohio.
Property Size13,482 SF
Lot Size0.11 Acres
Price / SF$81.59
Days on Market358
Property Features for 1133-1141 N Memorial Dr
General Information
Standard status
Active
Size
13,482 SF
Lot size
0.11 Acres
Property subtype
RETAIL
Listing Agency:
Koon Property Group
(614) 461-0911
Listed By:
James Koon · License #2010003803
(614) 561-8338
Source:
Moodyscre
Added: Oct 13, 2025
Changed: Sep 15
Last Checked: Oct 4 at 12:29PM
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 Koon Property Group
Investment Insights
Based on property information with market context.
A retail property is available for sale in Lancaster, Ohio. The property offers 13,482 square feet of space.
Key Highlights
- Retail property available for purchase
- Located in Lancaster, Ohio
- Prime location for retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,867
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,340
$1.0M
Cap Rate 7%
$740,957
$741.0K
Cap Rate 9%
$576,300
$576.3K
Market Conditions
NOI Build-Up for 13,482 SF
Gross rent
$76.8K $5.70/SF
− Vacancy
−$2.8K −$0.20/SF
EGI
$74.1K $5.50/SF
− OpEx
−$22.2K −$1.65/SF
NOI
$51.9K $3.85/SF
Area
Fairfield County, OH
Vacancy
3.58%
Lease Rate
$5.70 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,340
Cap Rate 7%
$740,957
Cap Rate 9%
$576,300
Alternative Uses
Best Use
Retail
$741.0K
$648.3K – $864.5K
NOI $51,867 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.72M
$2.38M – $3.17M
NOI $190,213 @ 7.0% cap · market cap 17.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for purchase in Lancaster, Ohio.
Where is this retail property located?
The property is located at 1133-1141 N Memorial Dr Lancaster, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Retail property available for purchase; Located in Lancaster, Ohio; Prime location for retail
