Building Details

Year Built 1950

Listing Agency: Cedar One Realty

Listed By: Joseph T Luckino · License #2015003760 Show Phone

Source: Greaterclevelandhomesforsale

Added: Oct 15 Changed: Oct 28 Last Checked: Oct 30 at 2:52PM

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Investment Insights

Based on property information with market context.

At 2506 Commercial Ave in Mingo Junction, this 4,560-square-foot convenience store includes a working kitchen, deli area, and hot bar. A loading area supports deliveries, and the property also has an office with a camera system and an on-site ATM.

The building dates to 1950 and received a new roof in 2012. Inventory is included with the purchase.

Key Highlights

• 4,560‑square‑foot convenience store
• Working kitchen with deli area and hot bar
• Loading area for deliveries and orders

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,390

Cap Rate

3.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$387,800 $387.8K

Cap Rate 7%

$277,000 $277.0K

Cap Rate 9%

$215,444 $215.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,560 SF

Gross rent

$26.8K $5.88/SF

− Vacancy

−$960 −$0.21/SF

EGI

$25.9K $5.67/SF

− OpEx

−$6.5K −$1.42/SF

NOI

$19.4K $4.25/SF

Area

Jefferson County, OH

Vacancy

3.58%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$387,800

Cap Rate 7%

$277,000

Cap Rate 9%

$215,444

Alternative Uses

Best Use

Retail

$862.4K

$754.6K – $1.01M (±1% cap)

NOI $60,369 @ 7.0% cap · market cap 12.20%

Second Best

Specialty Retail

$277.0K

$242.4K – $323.2K (±1% cap)

NOI $19,390 @ 7.0% cap · market cap 3.92%

Theoretical Best

Office A

$918.5K

$803.7K – $1.07M (±1% cap)

NOI $64,295 @ 7.0% cap · market cap 12.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply Pharmacy Locksmith Big Box & Wholesale Store Bakery Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

50

Businesses Nearby

228

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Carquest Auto Parts Shops & Services

228 visits/mo 0.1 miles

Demographics for 43938, OH

5,196

Population

2,588

Households

2

Avg Household Size

45

Median Age

13%

College-Educated

92%

High-School Grad

32.7 sq mi

ZIP Area

159

Density / Sq Mi

$57,453

Median Household Income

$35,897

Median Earnings

$954

Median Rent

$97,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The store includes deli and hot-bar areas, a loading area, and a camera-equipped office.

Where is this grocery and convenience store located?

The property is located at 2506 Commercial Ave Mingo Junction, OH.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: 4,560‑square‑foot convenience store; Working kitchen with deli area and hot bar; Loading area for deliveries and orders