Building Details

Year Built 1992

Buildings 1

Tenancy Single

Listing Agency: Encore Real Estate Investment Services

Listed By: Deno Bistolarides · License #6502378067 Show Phone

Source: Crexi

Added: Mar 19 Changed: Oct 15 Last Checked: Oct 14 at 10:59PM

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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 Encore Real Estate Investment Services

Investment Insights

Based on property information with market context.

This commercial real estate property offers retail space with high visibility and access on Main Street. The property encompasses a total area of 8052 square feet, presenting a versatile opportunity for various retail ventures.

Key Highlights

• Prime Main Street visibility ensures your business will be seen.
• High visibility location.
• Excellent access for customers and deliveries.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,303

Cap Rate

5.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$626,060 $626.1K

Cap Rate 7%

$447,186 $447.2K

Cap Rate 9%

$347,811 $347.8K

Market Conditions

NOI Build-Up for 8,052 SF

Gross rent

$46.4K $5.76/SF

− Vacancy

−$1.7K −$0.21/SF

EGI

$44.7K $5.55/SF

− OpEx

−$13.4K −$1.67/SF

NOI

$31.3K $3.89/SF

Area

Knox County, OH

Vacancy

3.58%

Lease Rate

$5.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$626,060

Cap Rate 7%

$447,186

Cap Rate 9%

$347,811

Alternative Uses

Best Use

Retail

$447.2K

$391.3K – $521.7K (±1% cap)

NOI $31,303 @ 7.0% cap · market cap 5.26%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,216 @ 7.0% cap · market cap 26.42%

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

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

199

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 84% Dining 16%

Park National Bank Shops & Services

4,052 visits/mo 0.4 miles

Domino's Pizza Dining

784 visits/mo 0.3 miles

Demographics for 43019, OH

9,419

Population

3,667

Households

2.6

Avg Household Size

38

Median Age

16%

College-Educated

82%

High-School Grad

110.0 sq mi

ZIP Area

86

Density / Sq Mi

$70,317

Median Household Income

$41,985

Median Earnings

$845

Median Rent

$196,300

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Retail space with prime visibility and access on Main Street.

Where is this retail space located?

The property is located at 117 S Main St Fredericktown, OH.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Prime Main Street visibility ensures your business will be seen.; High visibility location.; Excellent access for customers and deliveries.