Turnkey Sporting Goods with Indoor
For Sale
$500,000
1326 Newark Rd, Mount Vernon, OH 43050
Turnkey sporting goods business with an indoor archery range, offered with inventory and retail assets for immediate continuity.
Property Size5,271 SF
Price / SF$94.86
Days on Market140
Property Features for 1326 Newark Rd
General Information
Standard status
Active
Size
5,271 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,814
Listing Agency:
Wilson Family Realty Corp
(419) 528-5500
Listed By:
Justin Enix
(419) 512-6542
Source:
Exprealty
Added: Apr 24
Changed: Sep 5
Last Checked: Sep 10 at 10:32AM
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 Wilson Family Realty Corp
Investment Insights
Based on property information with market context.
This for-sale offering presents Rick’s Sporting Goods as a turnkey sporting goods business, including inventory and the associated retail assets to support an efficient transition for new ownership. A standout operational feature is the indoor archery range, which differentiates the store from typical sporting goods retailers. The business is described as long-standing with a loyal customer base and a proven income history, and it is being sold due to the owner’s retirement.
The business is located at 1326 Newark Rd in Mount Vernon, Ohio, in a high-traffic location as described in the seller’s remarks. The opportunity is positioned for a well-qualified buyer looking to step into an established operation with an existing local reputation.
This is a business-only sale; real estate is excluded. The included inventory and retail assets are intended to make this option practical for an owner-operator, an industry buyer, or an investor comfortable underwriting an ongoing retail operation with an integrated indoor archery offering. Serious and qualified buyers are encouraged to inquire to understand the full scope of included items and business transition requirements.
The business is located at 1326 Newark Rd in Mount Vernon, Ohio, in a high-traffic location as described in the seller’s remarks. The opportunity is positioned for a well-qualified buyer looking to step into an established operation with an existing local reputation.
This is a business-only sale; real estate is excluded. The included inventory and retail assets are intended to make this option practical for an owner-operator, an industry buyer, or an investor comfortable underwriting an ongoing retail operation with an integrated indoor archery offering. Serious and qualified buyers are encouraged to inquire to understand the full scope of included items and business transition requirements.
Key Highlights
- Business‑only sale: Rick's Sporting Goods, a long‑standing sporting goods business
- Indoor archery range included, supporting repeat customer traffic
- Offered as a turnkey operation with an established brand and loyal customer base
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
$20,492
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
4.10%
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%
$409,840
$409.8K
Cap Rate 7%
$292,743
$292.7K
Cap Rate 9%
$227,689
$227.7K
Market Conditions
NOI Build-Up for 5,271 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
$30.4K $5.76/SF
− Vacancy
−$1.1K −$0.21/SF
EGI
$29.3K $5.55/SF
− OpEx
−$8.8K −$1.67/SF
NOI
$20.5K $3.89/SF
Area
Knox County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
30.00%
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%
$409,840
Cap Rate 7%
$292,743
Cap Rate 9%
$227,689
Alternative Uses
Best Use
Retail
$292.7K
$256.2K – $341.5K
NOI $20,492 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $102,917 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 43050, OH
29,594
Population
13,416
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
154.1 sq mi
ZIP Area
192
Density / Sq Mi
$65,044
Median Household Income
$38,709
Median Earnings
$933
Median Rent
$199,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Turnkey sporting goods business with an indoor archery range, offered with inventory and retail assets for immediate continuity.
Where is this retail space located?
The property is located at 1326 Newark Rd Mount Vernon, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Business‑only sale: Rick's Sporting Goods, a long‑standing sporting goods business; Indoor archery range included, supporting repeat customer traffic; Offered as a turnkey operation with an established brand and loyal customer base
