Storefront with Drive-Through
For Sale
$195,000
1590 Celina Road, Saint Marys, OH 45885
Commercial Sale, Saint Marys, OH
Property Size2,455 SF
Lot Size0.86 Acres
Price / SF$79.43
Days on Market92
Property Features for 1590 Celina Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Interior features
No Window Coverings
Lot features
Building Restrictions
Directions
Use GPS
Subdivision
804 St. Marys
Standard status
Active
APN
K3206207500
Size
2,455 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Amenities
bathrooms
entry/exit doors
employee entrance
register area
storage room
mop sink area
walk-in cooler
kitchen hood
storage room for soda
Building Details
Year built
1978
Building materials
Brick, Wood Siding
Listing Agency:
Cisco Realty
Listed By:
Lindsay Toy Swick
(419) 394-6404
Added: Jun 17
Changed: Aug 19
Last Checked: Sep 16 at 1:06PM
MLS# 1046448
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 2,455-square-foot commercial building at 1590 Celina Road offers an open interior suitable for retail use. Brick construction, wood siding, two restrooms, two primary entry and exit doors, and a separate rear employee entrance support a flexible layout. A drive-through pickup window includes a register area, while the interior retains a storage room, mop sink area, walk-in cooler space, soda-product storage area, and kitchen hood. The commercial kitchen was removed in 2022.
Electric heating and air conditioning serve the building, which has public sewer service. The roof was replaced in fall 2022 after removal of the prior roof. The 0.86-acre property includes a cement parking lot with approximately 48 parking spaces and entry and exit access on both sides of the building. Located in Saint Marys, Ohio, the property is offered for sale.
Electric heating and air conditioning serve the building, which has public sewer service. The roof was replaced in fall 2022 after removal of the prior roof. The 0.86-acre property includes a cement parking lot with approximately 48 parking spaces and entry and exit access on both sides of the building. Located in Saint Marys, Ohio, the property is offered for sale.
Key Highlights
- 2,455 square feet of commercial building area on 0.86 acres
- Drive‑through pickup window with register area
- Approximately 48 parking spaces in a cement lot
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
$9,743
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
5.00%
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%
$194,860
$194.9K
Cap Rate 7%
$139,186
$139.2K
Cap Rate 9%
$108,256
$108.3K
Market Conditions
NOI Build-Up for 2,455 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
$14.4K $5.88/SF
− Vacancy
−$517 −$0.21/SF
EGI
$13.9K $5.67/SF
− OpEx
−$4.2K −$1.70/SF
NOI
$9.7K $3.97/SF
Area
Auglaize County, OH
Vacancy
3.58%
Lease Rate
$5.88 /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%
$194,860
Cap Rate 7%
$139,186
Cap Rate 9%
$108,256
Alternative Uses
Best Use
Specialty Retail
$456.9K
$399.8K – $533.1K
NOI $31,983 @ 7.0% cap · market cap 16.40%
Second Best
Retail
$139.2K
$121.8K – $162.4K
NOI $9,743 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$494.5K
$432.7K – $576.9K
NOI $34,615 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 41%
Home Improvements & Furnishings 15%
Hotels & Casinos 3%
Dollar General
Shops & Services
7,680 visits/mo
0.5 miles
La Carreta
Dining
6,144 visits/mo
0.4 miles
True Value Of St Mary's
Home Improvements & Furnishings
2,268 visits/mo
0.2 miles
Domino's Pizza
Dining
1,073 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
635 visits/mo
0.2 miles
Demographics for 45885, OH
12,863
Population
5,734
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
95%
High-School Grad
72.4 sq mi
ZIP Area
178
Density / Sq Mi
$75,054
Median Household Income
$43,812
Median Earnings
$882
Median Rent
$153,900
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?
Storefront property - Open commercial layout with electric heating and air conditioning, multiple entrances, restrooms, and paved on-site parking.
Where is this storefront property located?
The property is located at 1590 Celina Road Saint Marys, OH.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2,455 square feet of commercial building area on 0.86 acres; Drive‑through pickup window with register area; Approximately 48 parking spaces in a cement lot
