Freestanding Retail Building with
For Sale
Contact for pricing
150 BARKS RD E, Marion, OH 43302
Freestanding retail building in a C-5 zone with multiple ingress/egress and ample on-site parking.
Property Size8,400 SF
Lot Size0.95 Acres
Price / SF$78.45
Days on Market104
Property Features for 150 BARKS RD E
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.95 Acres
Property subtype
Retail
Zoning
C-5
Additional Details
Traffic Count
9,500 vehicles/day
Building Details
Year Built
1968
Units
1
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License #BRKP.2020008390
(248) 702-0288
Source:
Crexi
Added: May 27
Changed: Sep 2
Last Checked: Sep 7 at 8:16AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
Former Family Dollar freestanding retail building totaling 8,400 SF, built in 1968, situated on 0.95 acres. The site offers multiple points of ingress/egress and ample on-site parking, supporting a straightforward customer-access layout. The property is zoned C-5.
Located just off Delaware Avenue and directly across from Kroger at 150 Barks Rd E in Marion, OH. Barks Road averages more than 9,500 vehicles per day and Delaware Avenue averages more than 14,500 vehicles per day, providing strong visibility along this established commercial corridor.
The building and site are positioned within a dense retail area with national retailers and other shopping and service uses nearby.
Located just off Delaware Avenue and directly across from Kroger at 150 Barks Rd E in Marion, OH. Barks Road averages more than 9,500 vehicles per day and Delaware Avenue averages more than 14,500 vehicles per day, providing strong visibility along this established commercial corridor.
The building and site are positioned within a dense retail area with national retailers and other shopping and service uses nearby.
Key Highlights
- 8,400 SF freestanding retail building on 0.95 acres, built in 1968
- C‑5 zoning
- Multiple points of ingress/egress and ample on‑site parking
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
$32,770
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
4.97%
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%
$655,400
$655.4K
Cap Rate 7%
$468,143
$468.1K
Cap Rate 9%
$364,111
$364.1K
Market Conditions
NOI Build-Up for 8,400 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
$48.6K $5.78/SF
− Vacancy
−$1.7K −$0.21/SF
EGI
$46.8K $5.57/SF
− OpEx
−$14.0K −$1.67/SF
NOI
$32.8K $3.90/SF
Area
Marion County, OH
Vacancy
3.58%
Lease Rate
$5.78 /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%
$655,400
Cap Rate 7%
$468,143
Cap Rate 9%
$364,111
Alternative Uses
Best Use
Retail
$468.1K
$409.6K – $546.2K
NOI $32,770 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,694 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
182k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 26%
Shops & Services 23%
Home Improvements & Furnishings 6%
Kroger
Groceries
47,051 visits/mo
0.2 miles
McDonald's
Dining
30,855 visits/mo
0.2 miles
Speedway
Shops & Services
19,332 visits/mo
0.1 miles
Wendy's
Dining
15,694 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
13,228 visits/mo
0.2 miles
Demographics for 43302, OH
54,094
Population
22,483
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
88%
High-School Grad
195.0 sq mi
ZIP Area
277
Density / Sq Mi
$53,833
Median Household Income
$36,816
Median Earnings
$853
Median Rent
$139,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kroger Floral — 1428 Marion-Waldo Rd, Marion, OH 43302
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building in a C-5 zone with multiple ingress/egress and ample on-site parking.
Where is this storefront property located?
The property is located at 150 BARKS RD E Marion, OH.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 8,400 SF freestanding retail building on 0.95 acres, built in 1968; C‑5 zoning; Multiple points of ingress/egress and ample on‑site parking
