204 N Benton St, Oak Harbor, OH
944 SF freestanding restaurant on 0.31 AC for sale.
- Added:
- Jul 5, 2023
- Days on Market:
- 1075
- Last Refresh:
- May 20 at 9:53 pm
Property Features for 204 N Benton St
General Information
- Standard status
- Active
- Size
- 944 SF
- Lot size
- 0.31 Acres
- Property subtype
- RETAIL
Listing agent Zachary Sogoloff
Listing office Goodman Real Estate (216) 381-8200
Listing date Jul 5, 2023
Source Moodyscre
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 Goodman Real Estate
HighLights
- Freestanding restaurant building leased to a major multi‑unit Pizza Hut operator.
- Newly remodeled restaurant.
- Located on a busy main street.
- Ample parking available.
- 944 SF building on 0.31 AC.
- Price: $395,000.
Overview
Local 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 | $35.1k | $37.20 |
| − Vacancy | −$1.5k | −$1.56 |
| EGI | $33.6k | $35.64 |
| − OpEx | −$10.1k | −$10.69 |
| NOI | $23.5k | $24.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oak Harbor
- County
- Ottawa
- State
- Ohio
- Longitude
- -83.1533
- Latitude
- 41.5104
