Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1230 Wooster Rd W Barberton, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property with strong sales and long-term tenant commitment.

    Type:RETAIL
    Property size:
    11,876 SF
    Lot size:
    2.94 Acres
    Price / SF:
    $60/SF
    Added:
    Oct 8, 2024
    Days on Market:
    577
    Last Refresh:
    Apr 5 at 10:04 pm

    Property Features for 1230 Wooster Rd W

    General Information

    Standard status
    Active
    Size
    11,876 SF
    Lot size
    2.94 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Alex Van Krevel
    Alex Van Krevel

    Listing agent Alex Van Krevel License #SAL2023005727

    Listing office Passov Real Estate Group

    Listing date Oct 8, 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 Passov Real Estate Group

    HighLights

    • Corporate Guaranty from Family Dollar Stores, Inc (S&P BBB Credit)
    • Strong Sales at this Family Dollar location
    • NNN Lease Structure
    • Family Dollar operating here since 2006, showing long term commitment
    • 10% Rental Increases every 5 years
    • Opportunity to significantly enhance rental income with Attic Collectibles MTM lease

    Overview

    Barberton Retail Investment Opportunity

    This retail property features a Family Dollar store with a corporate guaranty from Family Dollar Stores, Inc, which holds an S&P BBB credit rating. The property operates on a NNN lease structure. Family Dollar has been operating at this location since 2006, demonstrating a long-term commitment. An additional tenant, Attic Collectibles, is on a month-to-month lease with rent at $2.45 per square foot NNN, which is 50% below market rates. This presents an opportunity for the buyer to significantly enhance rental income. The property benefits from direct frontage to a road with 16,274 vehicles per day and is in close proximity to the signalized intersection of Wooster Road and 31st Street, which sees 25,545 vehicles per day. The lease includes 10% rental increases every 5 years. The property size is 11,876 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Barberton
    County
    Summit
    State
    Ohio
    Longitude
    -81.6328
    Latitude
    41.007

    Nearby Similar for Sale

    • $1,200,000

      Barberton Industrial/Flex Space Available

      Versatile 6,000 SF industrial facility in Barberton, Ohio.
      95 16th Street SW, Barberton, OH 44203
      View Details
    • $415,000

      Barberton Office/Medical Building For Sale

      Move-in ready office/medical building in Barberton, Ohio.
      91 5th Street SE, Barberton, OH 44203
      View Details
    • $389,900
      7,415 SF

      Historic Barberton Mixed-Use Investment

      Two-story, mixed-use property with income potential in downtown Barberton.
      70 4th Street NW, Barberton, OH 44203
      View Details
    • $389,900

      Barberton Mixed-Use Investment Opportunity

      Historic Barberton building with apartments and commercial space for sale.
      70 4th Street NW, Barberton, OH 44203
      View Details
    • $159,900
      2,243 SF

      Barberton Duplex in Norton District

      Two-family duplex in Norton City School District with rental income.
      1537 Wooster Road W, Barberton, OH 44203
      View Details
    • $59,900

      Professional Office Space For Sale

      Well-maintained office space with ample parking in convenient location.
      105 5th Street SE, Barberton, OH 44203
      View Details
    • $175,000

      Barberton Commercial Property with Liquor Licenses

      Two-story commercial building with operating bar and apartments.
      915 Wooster Road W, Barberton, OH 44203
      View Details
    • $565,000
      5,430 SF

      Former Italian Restaurant For Sale

      5,430 SF restaurant with large kitchen and dining area.
      234 Wooster Rd N, Barberton, OH 44203
      View Details
    • $142,300
      1,790 SF

      Updated Duplex Near Lake Anna

      Turn-key duplex with updated features and stable tenants.
      242 5th Street NW, Barberton, OH 44203
      View Details
    • $550,000
      20,770 SF

      Industrial Buildings with Outdoor Storage

      Three industrial buildings totaling 20,770 SF with outdoor storage.
      425 Fairview Ave., Barberton, OH 44203
      View Details
    • $649,000
      5,355 SF

      Turnkey Restaurant Redevelopment Opportunity

      5,355 SF restaurant/redevelopment site on 0.96 acres for sale/lease.
      71 5th St SE, Barberton, OH
      View Details
    • $875,000
      5,488 SF

      Barberton Office Building For Sale

      Fully leased office building with long-term tenant in place.
      87 Conservatory Drive, Barberton, OH, 44203
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail property with strong sales and long-term tenant commitment.
    Where is this storefront property located?
    The property is located at 1230 Wooster Rd W Barberton, OH.
    What is the asking price?
    The asking price for this property is $722,422.
    What are key features of this property?
    This property features: Corporate Guaranty from Family Dollar Stores, Inc (S&P BBB Credit); Strong Sales at this Family Dollar location; NNN Lease Structure
    (216) 831-8100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Van Krevel
    Alex Van Krevel
    Real Estate License ID: SAL2023005727
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1230 Wooster Rd W, Barberton, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!