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    Retail Property in Troy, Ohio Title is generated by Realmo AI

    407 Peters Ave, Troy, OH

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    Retail property for sale in Troy, Ohio, with 4296 square feet.

    Type:RETAIL
    Property size:
    4,296 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $122/SF
    Added:
    Aug 15, 2024
    Days on Market:
    670
    Last Refresh:
    May 20 at 9:31 pm

    Property Features for 407 Peters Ave

    General Information

    Standard status
    Active
    Size
    4,296 SF
    Lot size
    0.46 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Richard Pierce
    Richard Pierce

    Listing agent Richard Pierce License #2005000431

    Listing office Coldwell Banker - Heritage | Troy

    Listing date Aug 15, 2024

    Source Moodyscre

    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 Coldwell Banker - Heritage | Troy

    HighLights

    • Annual Tax: $1879.0
    • Age: 41‑50 Years Old
    • Lot Size: Under 1/2 Acre
    • Total Rooms: 0

    Overview

    This retail property, located in Troy, Ohio, offers 4296 square feet of space. The property is situated on a lot size under 1/2 acre. The building is between 41 and 50 years old. The annual tax is $1879.0.

    Local 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 $61.9k $14.40
    − Vacancy −$4.0k −$0.92
    EGI $57.9k $13.48
    − OpEx −$17.4k −$4.04
    NOI $40.5k $9.43
    4,296 SF · lease $14.40/SF/yr · vacancy 6.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $579.0K
    $506.7K – $675.5K (±1% cap)
    NOI $40,532 @ 7.0% cap · market cap 7.72%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $875.6K
    $766.1K – $1.02M (±1% cap)
    NOI $61,289 @ 7.0% cap · market cap 11.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Smith Co. Advertising Agency Bodey's Automotive Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Miami
    State
    Ohio
    Longitude
    -84.2136
    Latitude
    40.0298

    FAQs

    What type of property is this?
    Retail property - Retail property for sale in Troy, Ohio, with 4296 square feet.
    Where is this retail property located?
    The property is located at 407 Peters Ave Troy, OH.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Annual Tax: $1879.0; Age: 41‑50 Years Old; Lot Size: Under 1/2 Acre
    (937) 524-6077 Call to check price and availability
    More about this property
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