Occupied Retail Center For
27100 Chagrin Blvd Orange, OH
27100 Chagrin Blvd, Orange, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Fully occupied retail center with strong tenant mix and location.
Property Size25,684 SF
Lot Size5.46 Acres
Price / SF$317.05
Days on Market810
Property Features for 27100 Chagrin Blvd
General Information
- Standard status
- Active
- Size
- 25,684 SF
- Lot size
- 5.46 Acres
- Property subtype
- RETAIL
Listing agency
Passov Real Estate Group
(614) 949-3460
Listed by
Alex Van Krevel · License #SAL.2018001867
Source
Moodyscre
Added: May 3, 2024 Updated: Jul 6 at 10:02AM Checked: Jul 21 at 4:42AM
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 Passov Real Estate Group
Investment Insights
Based on property information with market context.
This 25,684 square foot retail center is 100% occupied. The property benefits from its location directly off I-271, which experiences a daily traffic volume of 171,807 vehicles. Situated at a signalized intersection at exit 29 and Chagrin Blvd, the location benefits from a combined daily traffic count of 36,773 vehicles. The surrounding area is densely populated and affluent, with over 190,000 residents within a 5-mile radius and a household income of $200,000 within a 1-mile radius. The submarket exhibits a 1.7% vacancy rate for general retail, indicating strong retailer demand for this location. The tenant mix demonstrates strong sales performance, fostering long-term commitment. Choolaah's flagship store, their top performer out of six locations, has been operating here since 2015 and signed a 10-year extension in December 2023. LJI Collision, a single-unit auto repair and restoration operator, has been operating at this location since 2010 and recently extended their lease for 5 years in April 2023. Annual rent increases provide a NOI Compound Annual Growth Rate of 2.38% over a 10-year hold period.
Key Highlights
- 100% Occupied 25,684 sf NNN Retail Center
- Located in a densely populated & highly affluent market with over 190k residents within 5‑miles and $200k Household Income within 1‑mile
- Irreplaceable real estate positioned on a heavily trafficked signalized intersection at exit 29 & Chagrin Blvd combining for 36,773 vehicles per day.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $400.7k | $15.60 |
| − Vacancy | −$26.0k | −$1.01 |
| EGI | $374.6k | $14.59 |
| − OpEx | −$93.7k | −$3.65 |
| NOI | $281.0k | $10.94 |
25,684 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Industrial
$16.95M
$14.83M – $19.77M
NOI $1,186,327 @ 7.0% cap · market cap 14.57%
Second Best
Specialty Retail
$4.01M
$3.51M – $4.68M
NOI $280,970 @ 7.0% cap · market cap 3.45%
Theoretical Best
Warehouse
$20.58M
$18.01M – $24.01M
NOI $1,440,540 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Harvard Park — 4069-4095 Richmond Rd, Warrensville Heights, OH 44122
- Pinecrest Plaza Shopping — Park Ave, Orange, OH 44122
- Harford Ct Hospetal — 76333002, Warrensville Heights, OH 44122
FAQs
What type of property is this?
Shopping center - Fully occupied retail center with strong tenant mix and location.
Where is this shopping center located?
The property is located at 27100 Chagrin Blvd Orange, OH.
What is the asking price?
The asking price for this property is $8,143,000.
What are key features of this property?
This property features: 100% Occupied 25,684 sf NNN Retail Center; Located in a densely populated & highly affluent market with over 190k residents within 5‑miles and $200k Household Income within 1‑mile; Irreplaceable real estate positioned on a heavily trafficked signalized intersection at exit 29 & Chagrin Blvd combining for 36,773 vehicles per day.
