Grocery and Convenience Store with
For Sale
$129,900
4 N Park Pl, Newark, OH 43055
Established food retail business with commercial equipment, seating, operating materials, and transition support included.
Property Size1,800 SF
Price / SF$72.17
Days on Market36
Property Features for 4 N Park Pl
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Listing Agency:
Real of Ohio
(740) 475-7408
Listed By:
Siara B Kopis · License #2015004641
Source:
Thelorilynngroup
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 28 at 9:01PM
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 Real of Ohio
Investment Insights
Based on property information with market context.
This established food retail business occupies a 1,800-square-foot commercial space with historic architectural character in downtown Newark. The sale includes commercial-grade fixtures and appliances, seating, décor, menu materials, recipes, a vendor list, trained employees, and owner training to support the transition to new ownership.
The business operates under a sublease through February 2027. The property owner is open to an additional two-year renewal option after the current sublease expires. Located at 4 N Park Place, the space is positioned among downtown shops, dining, and year-round community activity. The property carries DC zoning.
The business operates under a sublease through February 2027. The property owner is open to an additional two-year renewal option after the current sublease expires. Located at 4 N Park Place, the space is positioned among downtown shops, dining, and year-round community activity. The property carries DC zoning.
Key Highlights
- 1,800‑square‑foot commercial space at 4 N Park Place, Newark, OH 43055
- Commercial‑grade fixtures and appliances included
- Sale includes seating, décor, menu materials, recipes, and vendor list
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
$7,498
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
5.77%
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%
$149,960
$150.0K
Cap Rate 7%
$107,114
$107.1K
Cap Rate 9%
$83,311
$83.3K
Market Conditions
NOI Build-Up for 1,800 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
$10.4K $5.76/SF
− Vacancy
−$371 −$0.21/SF
EGI
$10.0K $5.55/SF
− OpEx
−$2.5K −$1.39/SF
NOI
$7.5K $4.17/SF
Area
Licking County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
25.00%
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%
$149,960
Cap Rate 7%
$107,114
Cap Rate 9%
$83,311
Alternative Uses
Best Use
Retail
$468.6K
$410.0K – $546.7K
NOI $32,802 @ 7.0% cap · market cap 25.25%
Second Best
Specialty Retail
$107.1K
$93.7K – $125.0K
NOI $7,498 @ 7.0% cap · market cap 5.77%
Theoretical Best
Flex RnD
$1.45M
$1.26M – $1.69M
NOI $101,193 @ 7.0% cap · market cap 77.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43055, OH
62,590
Population
27,046
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
112.7 sq mi
ZIP Area
555
Density / Sq Mi
$61,807
Median Household Income
$39,412
Median Earnings
$920
Median Rent
$185,300
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?
Grocery and convenience store - Established food retail business with commercial equipment, seating, operating materials, and transition support included.
Where is this grocery and convenience store located?
The property is located at 4 N Park Pl Newark, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 1,800‑square‑foot commercial space at 4 N Park Place, Newark, OH 43055; Commercial‑grade fixtures and appliances included; Sale includes seating, décor, menu materials, recipes, and vendor list
