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Property profile & analytics
OFF-MARKET Estimated value $3,090,000
Retail space

2511 Oregon Rd Northwood, OH 43619-1001

19,200 SF 2.57 ac lot Built 1996
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-0151302
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Total area 19,200 SF
Lot 2.57 ac (111,949 SF)
APN M50-300-2400-00-008.000
UPID US66-0151302
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.12M
Blend (final) Blend
$3.09M
Owner & transaction history
Garfield Tc Centre LLC · 1 yrs held
Garfield Tc Centre LLC
since 2025
Last sale
$2.3M
7 recorded transactions
2025
$2.3M
2022
$2.3M
2021
Price N/A
2018
Price N/A
2015
$139,900
2013
Price N/A
2006
$2.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.9M +105.1%
Commercial (general) $2.4M +26.4%
Auto repair, garage $2.3M +17.4%
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