Convenience Store with Drive-In
For Sale
$365,000
132 N Ohio Avenue, Sidney, OH 45365
Commercial Sale, Sidney, OH
Property Size1,350 SF
Price / SF$270.37
Days on Market92
Property Features for 132 N Ohio Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Directions
North on Main St., left on E. North St then left on N. Ohio Ave.
Subdivision
601 Sidney
Standard status
Active
APN
011836208001
Size
1,350 SF
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1974
Building materials
Brick
Additional Structures
Storage
Listing Agency:
Gay Smith/Associates · RE/MAX International
(937) 497-7961
Listed By:
Gay E. Smith
(937) 497-9856
Added: Jun 26
Changed: Sep 2
Last Checked: Sep 25 at 7:06AM
MLS# 1046703
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Sidney City Carry Out is a 1,350-square-foot convenience store at 132 N Ohio Avenue in Sidney, Ohio. The property serves drive-in and walk-in customers and offers tobacco products, soft drinks, beer, wine, and snacks. Licensed sales include Sunday availability. The building was constructed in 1974 with brick construction, natural gas heat, and public sewer service.
Located across from the post office, the property has parking available and operates seven days per week, including most holidays. The existing retail format combines customer-facing sales space with an established convenience-store operation in a downtown setting.
Located across from the post office, the property has parking available and operates seven days per week, including most holidays. The existing retail format combines customer-facing sales space with an established convenience-store operation in a downtown setting.
Key Highlights
- 1,350 SF convenience store at 132 N Ohio Avenue, Sidney, OH 45365
- Drive‑in and walk‑in customer access
- Tobacco products, pop, beer, wine, and snacks
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
$26,359
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
7.22%
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%
$527,180
$527.2K
Cap Rate 7%
$376,557
$376.6K
Cap Rate 9%
$292,878
$292.9K
Market Conditions
NOI Build-Up for 1,350 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
$36.5K $27.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$35.1K $26.03/SF
− OpEx
−$8.8K −$6.51/SF
NOI
$26.4K $19.53/SF
Area
Shelby County, OH
Vacancy
3.58%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$527,180
Cap Rate 7%
$376,557
Cap Rate 9%
$292,878
Alternative Uses
Best Use
Specialty Retail
$376.6K
$329.5K – $439.3K
NOI $26,359 @ 7.0% cap · market cap 7.22%
Second Best
Retail
$143.1K
$125.2K – $166.9K
NOI $10,015 @ 7.0% cap · market cap 2.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45365, OH
29,277
Population
12,610
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
89%
High-School Grad
155.7 sq mi
ZIP Area
188
Density / Sq Mi
$66,044
Median Household Income
$40,836
Median Earnings
$899
Median Rent
$173,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail storefront offering tobacco, beverages, snacks, and both drive-in and walk-in customer access.
Where is this grocery and convenience store located?
The property is located at 132 N Ohio Avenue Sidney, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,350 SF convenience store at 132 N Ohio Avenue, Sidney, OH 45365; Drive‑in and walk‑in customer access; Tobacco products, pop, beer, wine, and snacks
