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    Retail/Flex Building on Large Lot Title is generated by Realmo AI

    653 Home Rd N, Ontario, OH

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    7,200 SF retail/flex building on 7.53 acres for sale.

    Type:FLEX_R_AND_D
    Property size:
    7,200 SF
    Lot size:
    1.12 Acres
    Price / SF:
    $121/SF
    Added:
    Mar 8, 2024
    Days on Market:
    827
    Last Refresh:
    May 20 at 8:21 pm

    Property Features for 653 Home Rd N

    General Information

    Standard status
    Active
    Size
    7,200 SF
    Lot size
    1.12 Acres
    Property subtype
    FLEX_R_AND_D

    We can help!

    Listing Contact
    Nick Roberts
    Nick Roberts

    Listing agent Nick Roberts

    Listing office SHAI-Hess Commercial Real Estate

    Listing date Mar 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 SHAI-Hess Commercial Real Estate

    HighLights

    • Expansive 7.53‑acre lot ideal for laydown yard or rolling stock.
    • Large 7,200 sq ft retail/flex building.
    • Features a spacious retail area with three offices and restrooms.
    • Storage area equipped with a mezzanine.
    • Paved parking lot for customers.
    • Concrete outdoor dock for loading purposes.

    Overview

    This 7,200 square foot building is suitable for retail or flex space and is situated on a 7.53-acre lot. The building includes a retail area, three offices, restrooms, and a storage area with a mezzanine. The expansive lot is suitable for companies needing a laydown yard or space for rolling stock. A paved parking lot is available for customers. The property also features a concrete outdoor dock for loading.

    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 $103.7k $14.40
    − Vacancy −$4.4k −$0.60
    EGI $99.3k $13.80
    − OpEx −$29.8k −$4.14
    NOI $69.5k $9.66
    7,200 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $993.3K
    $869.1K – $1.16M (±1% cap)
    NOI $69,528 @ 7.0% cap · market cap 7.95%
    Second Best
    Industrial
    $422.7K
    $369.8K – $493.1K (±1% cap)
    NOI $29,586 @ 7.0% cap · market cap 3.38%
    Theoretical Best
    Office A
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,399 @ 7.0% cap · market cap 11.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • The Elysian Catering — 64 N Brookwood Way, Mansfield, OH 44903
    • memawskitchentable2022.com — 707 lindaire ln, ontario, oh 44906

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Richland
    State
    Ohio
    Longitude
    -82.6475
    Latitude
    40.7605

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    FAQs

    What type of property is this?
    Flex space - 7,200 SF retail/flex building on 7.53 acres for sale.
    Where is this flex space located?
    The property is located at 653 Home Rd N Ontario, OH.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Expansive 7.53‑acre lot ideal for laydown yard or rolling stock.; Large 7,200 sq ft retail/flex building.; Features a spacious retail area with three offices and restrooms.
    (740) 819-8557 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Roberts
    Nick Roberts
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