Established Retail Center For
For Sale
Contact for pricing
2300-2328 June Pkwy, Zanesville, OH
Retail center with 15 units in Zanesville, OH.
Property Size18,000 SF
Lot Size3.21 Acres
Price / SF$77.78
Days on Market472
Property Features for 2300-2328 June Pkwy
General Information
Standard status
Active
Size
18,000 SF
Lot size
3.21 Acres
Property subtype
RETAIL
Lease Type
Gross
Properties For Sale
at 2300-2328 June Pkwy Contact us- Floor
- 1
- Size
- 1,200 SF
- Type
- RETAIL
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
2300 - 2328 June Pkwy
- Discover a premier leasing opportunity on June Parkway in Zanesville, OH.
- This...
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- Floor
- 1
- Size
- 2,400 SF
- Type
- RETAIL
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
2300 - 2328 June Pkwy
- Discover a premier leasing opportunity on June Parkway in Zanesville, OH.
- This...
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Contact us
- Floor
- 1
- Size
- 4,800 SF
- Type
- RETAIL
- Lease Type
- GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
2300 - 2328 June Pkwy
- Discover a premier leasing opportunity on June Parkway in Zanesville, OH.
- This...
show more
Contact us
Listing Agency:
SHAI-Hess Commercial Real Estate
(740) 587-7441
Listed By:
Nick Roberts
(740) 819-8557
Source:
Moodyscre
Added: May 22, 2025
Changed: Aug 8
Last Checked: Sep 4 at 6:06PM
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 SHAI-Hess Commercial Real Estate
Investment Insights
Based on property information with market context.
Offered for sale is an established retail center located at 2300 June Parkway, Zanesville, OH 43701. Constructed in 2002, this commercial-zoned property encompasses 18,000 square feet and features a total of 15 units, currently configured as 8 spaces to accommodate tenant needs. Ample parking is available. The center is well-maintained and designed for flexibility, supporting a mix of local and regional tenants. Its functional layout and consistent occupancy make it an ideal opportunity for retail or strip center investors seeking a stabilized asset with long-term potential. Financials are available upon request; a signed Non-Disclosure Agreement (NDA) is required to receive detailed information.
Key Highlights
- Stabilized asset with consistent occupancy, ideal for retail or strip center investors.
- 18,000 SF Commercial‑zoned property built in 2002.
- Features 15 total units, configured as 8 spaces for tenant flexibility.
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
$116,726
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
8.34%
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%
$2,334,520
$2.3M
Cap Rate 7%
$1,667,514
$1.7M
Cap Rate 9%
$1,296,956
$1.3M
Market Conditions
NOI Build-Up for 18,000 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
$172.8K $9.60/SF
− Vacancy
−$6.0K −$0.34/SF
EGI
$166.8K $9.26/SF
− OpEx
−$50.0K −$2.78/SF
NOI
$116.7K $6.48/SF
Area
Muskingum County, OH
Vacancy
3.50%
Lease Rate
$9.60 /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%
$2,334,520
Cap Rate 7%
$1,667,514
Cap Rate 9%
$1,296,956
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,726 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,473 @ 7.0% cap · market cap 19.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
143k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 46%
Apparel 3%
Electronics 2%
Wendy's
Dining
15,806 visits/mo
0.3 miles
Speedway
Shops & Services
15,128 visits/mo
0.1 miles
Burger King
Dining
13,979 visits/mo
0.0 miles
Ollie's Bargain Outlet
Shops & Services
13,443 visits/mo
0.1 miles
Taco Bell
Dining
13,048 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail center with 15 units in Zanesville, OH.
Where is this strip mall located?
The property is located at 2300-2328 June Pkwy Zanesville, OH.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Stabilized asset with consistent occupancy, ideal for retail or strip center investors.; 18,000 SF Commercial‑zoned property built in 2002.; Features 15 total units, configured as 8 spaces for tenant flexibility.
