Listing Agency: Fortis Net Lease r***@fortisnetlease.com Show Phone

Listed By: Robert Bender · License #MI 6501323470

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 4:49PM

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Investment Insights

Based on property information with market context.

This for-sale retail property is presented with an indicated 8.00% cap rate and a total size of 8,320 SF.

The asset is located at 1218 State Route 93 NE in New Lexington, OH 43764.

The listing is positioned as a retail investment, with the stated cap rate providing a key performance reference for underwriting.

Key Highlights

• Retail property for sale with an indicated 8.00% cap rate
• Building size: 8,320 SF

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Auto Repair Shop Plumbing Service Auto Parts Store (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 43764, OH

8,177

Population

3,214

Households

2.5

Avg Household Size

39

Median Age

13%

College-Educated

85%

High-School Grad

60.8 sq mi

ZIP Area

134

Density / Sq Mi

$54,388

Median Household Income

$36,581

Median Earnings

$664

Median Rent

$129,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property offered for sale with an indicated 8% cap rate and 8,320 SF.

Where is this retail space located?

The property is located at 1218 State Route 93 NE New Lexington, OH.

What are key features of this property?

This property features: Retail property for sale with an indicated 8.00% cap rate; Building size: 8,320 SF