Retail Gas Station
153 Benedict Ave Norwalk, OH 44857
For Sale
Contact for pricing
Retail building on 0.85 acres with 136’ frontage, one curb cut, 23 spaces, and pole signage.
Property Size1,443 SF
Lot Size0.85 Acres
Price / SF$90.09
Days on Market708
Property Features for 153 Benedict Ave
General Information
Standard status
Active
Size
1,443 SF
Lot size
0.85 Acres
Property subtype
RETAIL
Listing Agency:
NAI Pleasant Valley - Akron
(330) 575-7584
Listed By:
Margaret Slesnick · License #2016001550
(330) 575-7584
Source:
Moodyscre
Added: Aug 21, 2024
Changed: Jul 28
Last Checked: Jul 28 at 3:43PM
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 NAI Pleasant Valley - Akron
Investment Insights
Based on property information with market context.
This retail property includes a 1,443 SF building built in 1961 on a 0.85-acre site. The site provides parking for 23 vehicles and features one curb cut for access, along with pole signage.
The property offers 136’ of frontage and is designated for commercial use under Commercial zoning. The parcel numbers are 330060050600000 and 330060050610000.
The offering is presented for sale at a firm price of $130,000, with reported taxes of $216.55 and $796.66 per half.
The property offers 136’ of frontage and is designated for commercial use under Commercial zoning. The parcel numbers are 330060050600000 and 330060050610000.
The offering is presented for sale at a firm price of $130,000, with reported taxes of $216.55 and $796.66 per half.
Key Highlights
- Retail building totaling 1,443 SF on 0.85 acres
- 136’ frontage with one curb cut
- Commercial zoning
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 | $9.2k | $6.36 |
| − Vacancy | −$329 | −$0.23 |
| EGI | $8.8k | $6.13 |
| − OpEx | −$2.7k | −$1.84 |
| NOI | $6.2k | $4.29 |
1,443 SF · lease $6.36/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$299.9K
$262.4K – $349.9K
NOI $20,994 @ 7.0% cap · market cap 16.15%
Second Best
Retail
$88.5K
$77.4K – $103.2K
NOI $6,194 @ 7.0% cap · market cap 4.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - Retail building on 0.85 acres with 136’ frontage, one curb cut, 23 spaces, and pole signage.
Where is this gas station located?
The property is located at 153 Benedict Ave Norwalk, OH.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Retail building totaling 1,443 SF on 0.85 acres; 136’ frontage with one curb cut; Commercial zoning
