Family Dollar Storefront
For Sale
Contact for pricing
2360 Maple Ave, Zanesville, OH 43701
Commercial storefront property with an established retail-format building and a central Ohio address.
Property Size11,180 SF
Price / SF$94.05
Days on Market159
Property Features for 2360 Maple Ave
General Information
Standard status
Active
Size
11,180 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$92,000
Building Details
Year Built
1997
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Cade Norland · License #CA 02120126
Source:
Crexi
Added: Mar 27
Changed: Aug 31
Last Checked: Aug 30 at 7:21PM
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 Matthews
Investment Insights
Based on property information with market context.
This storefront property comprises 11,180 square feet of commercial building area. The structure was completed in 1997 and is identified with the Family Dollar name.
The property is located at 2360 Maple Ave in Zanesville, Ohio, within ZIP code 43701. Its storefront classification and existing retail-format building provide a straightforward commercial profile for evaluation.
The property is located at 2360 Maple Ave in Zanesville, Ohio, within ZIP code 43701. Its storefront classification and existing retail-format building provide a straightforward commercial profile for evaluation.
Key Highlights
- 11,180‑square‑foot storefront property
- Built in 1997
- Located at 2360 Maple Ave, Zanesville, OH 43701
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
$72,500
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
6.90%
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%
$1,450,000
$1.5M
Cap Rate 7%
$1,035,714
$1.0M
Cap Rate 9%
$805,556
$805.6K
Market Conditions
NOI Build-Up for 11,180 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
$107.3K $9.60/SF
− Vacancy
−$3.8K −$0.34/SF
EGI
$103.6K $9.26/SF
− OpEx
−$31.1K −$2.78/SF
NOI
$72.5K $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%
$1,450,000
Cap Rate 7%
$1,035,714
Cap Rate 9%
$805,556
Alternative Uses
Best Use
Retail
$1.04M
$906.3K – $1.21M
NOI $72,500 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,857 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
147k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 28%
Home Improvements & Furnishings 8%
Apparel 6%
McDonald's
Dining
39,284 visits/mo
0.4 miles
Taco Bell
Dining
12,897 visits/mo
0.1 miles
Burger King
Dining
12,425 visits/mo
0.2 miles
Dollar Tree
Shops & Services
11,604 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,023 visits/mo
0.5 miles
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
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?
Storefront property - Commercial storefront property with an established retail-format building and a central Ohio address.
Where is this storefront property located?
The property is located at 2360 Maple Ave Zanesville, OH.
What is the asking price?
The asking price for this property is $1,051,429.
What are key features of this property?
This property features: 11,180‑square‑foot storefront property; Built in 1997; Located at 2360 Maple Ave, Zanesville, OH 43701
