Historic Mixed-Use
For Sale
$1,950,000
11300 County Road 99, Findlay, OH 45840
Nine-building complex combines restored historic structures with modern systems and substantial parking for commercial operations.
Property Size8,876 SF
Days on Market38
Property Features for 11300 County Road 99
General Information
Standard status
Active
Size
8,876 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
8,876 SF
Year Built
1995
Buildings
9
Tenancy
Multi
Listing Agency:
Miller Diversified Brokerage
Listed By:
Kyle Jurgenson · License #6501427812
(419) 708-0835
Source:
Millerdiversified
Added: Jul 30
Changed: Aug 26
Last Checked: Sep 5 at 7:06AM
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 Miller Diversified Brokerage
Investment Insights
Based on property information with market context.
The Homestead Collection & Village of Shops is a nine-building mixed-use commercial complex comprising eight authentic structures dating from the late 1800s and early 1900s, along with a modern anchor structure built in 1995. The historic buildings were professionally relocated and restored, with period interiors paired with modernized building systems and mechanical infrastructure. A unified green metal roofing system connects the assemblage visually, while the village layout creates distinct buildings for independent or anchor tenant operations.
Located on County Road 99 in Allen Township near Findlay, the property offers access to Interstate 75 and proximity to an established commercial corridor. The setting combines a rural character with regional connectivity and includes substantial parking capacity for tenants and visitors.
The stated mixed-use potential includes boutique retail, specialty dining, antique and artisan shops, galleries, hospitality, and other destination-oriented businesses. The configuration also supports visitor engagement and foot traffic across the multi-building layout.
Located on County Road 99 in Allen Township near Findlay, the property offers access to Interstate 75 and proximity to an established commercial corridor. The setting combines a rural character with regional connectivity and includes substantial parking capacity for tenants and visitors.
The stated mixed-use potential includes boutique retail, specialty dining, antique and artisan shops, galleries, hospitality, and other destination-oriented businesses. The configuration also supports visitor engagement and foot traffic across the multi-building layout.
Key Highlights
- Nine‑building mixed‑use complex with eight restored structures dating from the late 1800s and early 1900s
- Modern anchor structure built in 1995
- Professionally relocated and restored historic buildings with modernized systems and mechanical infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,548
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,070,960
$2.1M
Cap Rate 7%
$1,479,257
$1.5M
Cap Rate 9%
$1,150,533
$1.2M
Market Conditions
NOI Build-Up for 8,876 SF
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.
Gross rent
$181.6K $20.46/SF
− Vacancy
−$15.9K −$1.79/SF
EGI
$165.7K $18.67/SF
− OpEx
−$62.1K −$7.00/SF
NOI
$103.5K $11.67/SF
Area
Hancock County, OH
Vacancy
8.77%
Lease Rate
$20.46 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,070,960
Cap Rate 7%
$1,479,257
Cap Rate 9%
$1,150,533
Alternative Uses
Best Use
Mixed Use
$1.48M
$1.29M – $1.73M
NOI $103,548 @ 7.0% cap · market cap 5.31%
Second Best
Retail
$503.2K
$440.3K – $587.1K
NOI $35,226 @ 7.0% cap · market cap 1.81%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.89M
NOI $173,304 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Hotels & Casinos 3%
Speedway
Shops & Services
39,640 visits/mo
0.1 miles
Reineke Ford Of Findlay
Shops & Services
2,751 visits/mo
0.1 miles
Comfort Suites
Hotels & Casinos
1,373 visits/mo
0.2 miles
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine-building complex combines restored historic structures with modern systems and substantial parking for commercial operations.
Where is this mixed-use property located?
The property is located at 11300 County Road 99 Findlay, OH.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Nine‑building mixed‑use complex with eight restored structures dating from the late 1800s and early 1900s; Modern anchor structure built in 1995; Professionally relocated and restored historic buildings with modernized systems and mechanical infrastructure
