Retail Shopping Center with Developable
14910 State Rte 58 Oberlin, OH 44074
For Sale
Contact for pricing
Retail shopping center featuring a developable pad near a Walmart shadow center in College Town.
Property Size35,174 SF
Price / SF$128.56
Days on Market73
Property Features for 14910 State Rte 58
General Information
- Standard status
- Active
- Size
- 35,174 SF
- Property subtype
- RETAIL
Listing Agency:
Landmark Commercial Real Estate Services
(248) 488-2620
Listed By:
Jason Greenspan · License #6501378141
(248) 488-2620
Source:
Moodyscre
Added: May 15
Changed: Jul 25
Last Checked: Jul 25 at 5:04AM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This for-sale retail shopping center includes space within a Walmart shadow center and is described as having strong access. The property is also characterized in the public remarks as having national tenants.
In addition to the existing retail configuration, the listing notes a developable pad, which may support future value-add opportunities. The remarks also reference an overall leveraged return potential, positioning the asset as a development-minded retail option in a College Town setting.
For buyers and brokers evaluating retail fundamentals and redevelopment flexibility, the key differentiator highlighted here is the combination of an established retail center with a noted developable pad.
In addition to the existing retail configuration, the listing notes a developable pad, which may support future value-add opportunities. The remarks also reference an overall leveraged return potential, positioning the asset as a development-minded retail option in a College Town setting.
For buyers and brokers evaluating retail fundamentals and redevelopment flexibility, the key differentiator highlighted here is the combination of an established retail center with a noted developable pad.
Key Highlights
- Retail shopping center with a developable pad
- Located near a Walmart shadow center in a college town setting
- Noted as having national tenants
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $527.6k | $15.00 |
| − Vacancy | −$22.2k | −$0.63 |
| EGI | $505.5k | $14.37 |
| − OpEx | −$151.6k | −$4.31 |
| NOI | $353.8k | $10.06 |
35,174 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.05M
$4.42M – $5.90M
NOI $353,815 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.86M
$7.76M – $10.34M
NOI $620,469 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
FAQs
What type of property is this?
Shopping center - Retail shopping center featuring a developable pad near a Walmart shadow center in College Town.
Where is this shopping center located?
The property is located at 14910 State Rte 58 Oberlin, OH.
What is the asking price?
The asking price for this property is $4,522,100.
What are key features of this property?
This property features: Retail shopping center with a developable pad; Located near a Walmart shadow center in a college town setting; Noted as having national tenants
