Retail Building with
For Sale
$480,030
195 Barks Road West, Marion, OH 43302
Retail property with multiple offices, two restrooms, separate access points, and a covered drive-through area.
Property Size8,408 SF
Lot Size1.54 Acres
Price / SF$57.09
Days on Market49
Property Features for 195 Barks Road West
General Information
Standard status
Active
Size
8,408 SF
Total Parking Spaces
50
Lot size
1.54 Acres
Property subtype
Retail
Zoning
B2
Additional Details
Drive-Thru
Yes
Amenities
Two Separate Entrances
Multiple Office
Two Restrooms
Drive Thru Canopy
Outstanding Signage
Building Details
Buildings
1
Listed By:
Dave Long
(248) 351-2051
Source:
Cbre
Added: Aug 30
Changed: Oct 16
Last Checked: Oct 16 at 5:59AM
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 Dave Long
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Investment Insights
Based on property information with market context.
This retail property occupies 1.54 acres and includes a building arranged with multiple offices, two restrooms, two separate entrances, and a drive-through canopy. On-site parking accommodates 50 surface spaces, while dedicated signage and frontage along West Barks Road support identification from the street.
The property is located at 195 Barks Road West in Marion, Ohio, within Marion Township’s B2 Commercial zoning district. The zoning allows multiple uses, and the site sits along Marion’s primary commercial corridor. A five-year banking deed restriction applies to the property.
The property is located at 195 Barks Road West in Marion, Ohio, within Marion Township’s B2 Commercial zoning district. The zoning allows multiple uses, and the site sits along Marion’s primary commercial corridor. A five-year banking deed restriction applies to the property.
Key Highlights
- 1.54‑acre retail property in Marion Township
- 50 surface parking spaces
- Two separate entrances, multiple offices, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,801
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,020
$656.0K
Cap Rate 7%
$468,586
$468.6K
Cap Rate 9%
$364,456
$364.5K
Market Conditions
NOI Build-Up for 8,408 SF
Gross rent
$48.6K $5.78/SF
− Vacancy
−$1.7K −$0.21/SF
EGI
$46.9K $5.57/SF
− OpEx
−$14.1K −$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 Rate 5%
$656,020
Cap Rate 7%
$468,586
Cap Rate 9%
$364,456
Alternative Uses
Best Use
Retail
$468.6K
$410.0K – $546.7K
NOI $32,801 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,807 @ 7.0% cap · market cap 24.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
182k
Monthly Visits Nearby
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
0.3 miles
McDonald's
Dining
30,855 visits/mo
0.1 miles
Speedway
Shops & Services
19,332 visits/mo
0.2 miles
Wendy's
Dining
15,694 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with multiple offices, two restrooms, separate access points, and a covered drive-through area.
Where is this retail space located?
The property is located at 195 Barks Road West Marion, OH.
What is the asking price?
The asking price for this property is $480,030.
What are key features of this property?
This property features: 1.54‑acre retail property in Marion Township; 50 surface parking spaces; Two separate entrances, multiple offices, and two restrooms
