Retail Building with
New
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 Market2
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
Listing Agency:
CBRE | Detroit
(248) 351-2051
Listed By:
David Long
(248) 351-2051
Source:
Cbre
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 2:05PM
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 CBRE | Detroit
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 = 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
$32,801
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
6.83%
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%
$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
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
$46.9K $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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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
