Retail Buildings in Commerce Park

500-510 Commerce Park Blvd, Northwood, OH

View on Map

For Sale

Contact for pricing

Two retail buildings with income potential in Northwood, Ohio.

Type:RETAIL

Property size:

17,136 SF

Lot size:

2.26 Acres

Price / SF:

$75/SF

HighLights

Excellent owner/user investment opportunity with cash flow
Building 510 (10,000 SF) is owner‑occupied and available for use
Building 500 (7,136 SF) is 100% occupied with 4 tenants
Tenants in Building 500 reimburse all operating expenses
Two commercial retail buildings included in the sale
Ample parking with 87 spaces, recently sealed and stripped

We can help!

Listing Contact

Joe Belinske

Learn more

For Sale

Contact for pricing

Two retail buildings with income potential in Northwood, Ohio.

Type:RETAIL

Property size:

17,136 SF

Lot size:

2.26 Acres

Price / SF:

$75/SF

Added:: Jul 31, 2024
Days on Market:: 684
Last Refresh:: May 20 at 9:41 pm

Property Features for 500-510 Commerce Park Blvd

General Information

Standard status: Active
Size: 17,136 SF
Lot size: 2.26 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Joe Belinske

Listing agent Joe Belinske License #0000320016

Listing office Reichle | Klein Group

Listing date Jul 31, 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 Reichle | Klein Group

HighLights

Excellent owner/user investment opportunity with cash flow
Building 510 (10,000 SF) is owner‑occupied and available for use
Building 500 (7,136 SF) is 100% occupied with 4 tenants
Tenants in Building 500 reimburse all operating expenses
Two commercial retail buildings included in the sale
Ample parking with 87 spaces, recently sealed and stripped

Overview

Two commercial retail buildings are available, presenting an owner/user investment opportunity with cash flow. Building 500 is 7,136 square feet and is 100% occupied by four tenants who reimburse all operating expenses. Building 510 is 10,000 square feet and currently occupied by the owner and is available. The property includes ample parking with 87 spaces that have been recently sealed and stripped. The property is located at 500-510 Commerce Park Blvd, Northwood, OH. The total property size is 17,136 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$100.8k	$5.88
− Vacancy	−$4.0k	−$0.24
EGI	$96.7k	$5.64
− OpEx	−$29.0k	−$1.69
NOI	$67.7k	$3.95

17,136 SF · lease $5.88/SF/yr · vacancy 4.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$967.3K

$846.4K – $1.13M (±1% cap)

NOI $67,711 @ 7.0% cap · market cap 5.23%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.99M

$3.49M – $4.66M (±1% cap)

NOI $279,396 @ 7.0% cap · market cap 21.57%

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

Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Location Insight

Map
Local Demand

City: Northwood
County: Wood
State: Ohio
Longitude: -83.4717
Latitude: 41.6062

Nearby Similar for Sale

$1,250,000

Commerce Park Investment Opportunity

Commercial property suitable for owner/user with cash flow potential.

500 & 510 Commerce Park Boulevard, Northwood, OH 43619

View Details
Contact for pricing
71,687 SF

Northwood Industrial Center For Sale

71,687 SF industrial center with long-term tenants in place.

6943 Wales Road, Northwood, OH 43619

View Details
$295,000

1,819 SF

Retail Space For Sale

Retail space available for purchase.

2670 Woodville Rd, Northwood, OH 43619

View Details
$24,995,000

213,687 SF

Industrial Buildings Near I-75

Three adjoining industrial buildings with credit tenant near I-75.

6750 Wales Rd, Northwood, OH

View Details
Contact for pricing

Warehouse with LED Lighting

Warehouse property featuring LED lighting, available for sale.

6943 Wales Road, Northwood, OH 43619

View Details
$1,250,000

17,136 SF

Retail Buildings on Commerce Park

Two retail buildings with investment opportunity in Northwood, Ohio.

500 Commerce Park Blvd, Northwood, OH 43619

View Details
Contact for pricing
1,200 SF

Retail Space For Sale

1,200 SqFt retail space available for sale.

2038 Tracy Rd, Northwood, OH 43619

View Details
$24,995,000

213,687 SF

Three Adjoining Buildings For Sale

Three adjoining buildings with a credit tenant on 21 acres.

6750 Wales Rd, Northwood, OH 43619

View Details
Contact for pricing
23,500 SF

Northwood Retail/Office Investment Opportunity

23,500 SF building on 1.98 acres in Northwood, Ohio.

2802 Curtice Rd, Northwood, OH 43619

View Details

For sale
Shopping centers
OH
Northwood
500-510 Commerce Park Blvd

What type of property is this?

Shopping center - Two retail buildings with income potential in Northwood, Ohio.

Where is this shopping center located?

The property is located at 500-510 Commerce Park Blvd Northwood, OH.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: Excellent owner/user investment opportunity with cash flow; Building 510 (10,000 SF) is owner‑occupied and available for use; Building 500 (7,136 SF) is 100% occupied with 4 tenants

500-510 Commerce Park Blvd, Northwood, OH

Two retail buildings with income potential in Northwood, Ohio.

Property Features for 500-510 Commerce Park Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commerce Park Investment Opportunity

Northwood Industrial Center For Sale

Retail Space For Sale

Industrial Buildings Near I-75

Warehouse with LED Lighting

Retail Buildings on Commerce Park

Retail Space For Sale

Three Adjoining Buildings For Sale

Northwood Retail/Office Investment Opportunity

FAQs

Create New Password