Subdividable Retail Flex
For Sale
$394,500
1290 W Main St, Wilmington, OH 45177
Retail with front office and rear roll-up doors, plus two half baths and surrounding paved area.
Property Size4,800 SF
Price / SF$82.19
Days on Market119
Property Features for 1290 W Main St
General Information
Standard status
Active
Size
4,800 SF
Amenities
restrooms
Building Details
Year Built
1980
Listing Agency:
McIntosh Real Estate Services
Listed By:
Michael S. McCarty
(937) 673-0424
Source:
Finn-team
Added: Jun 28
Changed: Oct 11
Last Checked: Oct 23 at 12:55PM
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 McIntosh Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is arranged to support subdivision into two potential business units. The front portion is set up as a large retail space with office, while the rear includes a bay with a roll-up door sized 10x10. Additional office and storage space is located in the rear with an 8x8 roll-up door, along with two half bath restrooms.
The building sits on a high-visibility route in Wilmington, Ohio. A paved area surrounds the building, providing convenient exterior space for operations and access.
Overall, the layout combines retail and flexible back-of-house space, and the building can be converted for multiple uses based on the existing unit-ready configuration and door access points.
The building sits on a high-visibility route in Wilmington, Ohio. A paved area surrounds the building, providing convenient exterior space for operations and access.
Overall, the layout combines retail and flexible back-of-house space, and the building can be converted for multiple uses based on the existing unit-ready configuration and door access points.
Key Highlights
- High‑visibility commercial property in Wilmington, OH on a high‑visibility route
- Building set up to be subdivided into two potential business units
- Huge retail space with front office plus rear area with a 10x10 roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,724
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,480
$394.5K
Cap Rate 7%
$281,771
$281.8K
Cap Rate 9%
$219,156
$219.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$30.8K $6.41/SF
− Vacancy
−$2.6K −$0.54/SF
EGI
$28.2K $5.87/SF
− OpEx
−$8.5K −$1.76/SF
NOI
$19.7K $4.11/SF
Area
Clinton County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,480
Cap Rate 7%
$281,771
Cap Rate 9%
$219,156
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.46M
NOI $87,472 @ 7.0% cap · market cap 22.17%
Second Best
Industrial
$281.8K
$246.6K – $328.7K
NOI $19,724 @ 7.0% cap · market cap 5.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 45177, OH
22,349
Population
9,870
Households
2.3
Avg Household Size
40
Median Age
26%
College-Educated
94%
High-School Grad
170.0 sq mi
ZIP Area
131
Density / Sq Mi
$70,483
Median Household Income
$36,980
Median Earnings
$933
Median Rent
$209,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Retail with front office and rear roll-up doors, plus two half baths and surrounding paved area.
Where is this flex space located?
The property is located at 1290 W Main St Wilmington, OH.
What is the asking price?
The asking price for this property is $394,500.
What are key features of this property?
This property features: High‑visibility commercial property in Wilmington, OH on a high‑visibility route; Building set up to be subdivided into two potential business units; Huge retail space with front office plus rear area with a 10x10 roll‑up door
