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    621-675 N University Blvd Middletown, OH 45042

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    For Sale
    Contact for pricing

    Value-add opportunity with long-term tenants and upside potential.

    Property size:
    76,657 SF
    Lot size:
    9.15 Acres

    Property Features for 621-675 N University Blvd

    General Information

    Size
    76,657 SF
    Lot size
    9.15 Acres

    Source: Colliers Agent Jack Melton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Anchored Retail Center, Middletown, Ohio

    This retail property is anchored by Needler's Market and Dollar General, both long-term tenants of nearly 40 years. Located along N University Boulevard, a main corridor in Middletown, Ohio, the property benefits from strong daily traffic. The current 55% occupancy generates a NOI of $127,659.66, offering immediate cash flow with significant upside potential through lease-up of vacant units. Vacant units include a former CVS and NAPA Auto Parts, demonstrating historical interest from national credit tenants. The lease-up of vacant suites could drive NOI significantly, presenting an ideal value-add or repositioning opportunity for investors. The property contains 76,657 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Similar Places Nearby

    Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.3814532
    Latitude
    39.5202735

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    FAQs

    What type of property is this?
    Shopping center - Value-add opportunity with long-term tenants and upside potential.
    Where is this shopping center located?
    The property is located at 621-675 N University Blvd Middletown, OH.
    What are key features of this property?
    This property features: - Long-term anchors **Needler's Market and Dollar General** provide reliable income and consistent traffic.; - Current 55% occupancy generates a **NOI of $127,659.66**, offering immediate cash flow.; - Significant upside potential through lease-up of vacant units.
    (248) 226-1656
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    621-675 N University Blvd Middletown, OH 45042
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    Realmo Value Estimation

    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.

    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.

    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
    621-675 N University Blvd Middletown, OH 45042
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