2511 Oregon Rd Northwood, OH 43619-1001
This exceptional, fully occupied 19,200 square foot Class A shopping center in Northwood, Ohio, presents a compelling investment opportunity. Boasting 10 tenants, including a mix of local favorites and national brands such as Jimmy John's and Pico's Sports Bar, this stabilized property offers a 7.56% cap rate. Built in 1996 and extensively renovated in 2024, the single-story building features ample parking (98 spaces) and excellent visibility at the signalized intersection of Wales Road and Oregon Road. The property benefits from a prime location less than a quarter-mile from the I-75 interchange, providing easy access to major employers and Owens Community College. With 570 feet of corner frontage and marquee signage, this center enjoys high traffic visibility. The triple-net (NNN) lease structure minimizes landlord responsibilities, while built-in rent escalations for several tenants offer significant upside potential. The property's strong tenant mix, high occupancy rate, and strategic location make it an ideal addition to any investment portfolio. Additional information about Northwood, Ohio, is available at growinnorthwood.com. The asking price is $2,400,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.