Grocery Market with
For Sale
$1,500,000
4 W Main St, Ashland, OH 44805
The merchandise mix spans food retail, prepared meals, café service, beverages, gifts, and locally sourced goods.
Property Size5,545 SF
Price / SF$270.51
Days on Market10
Property Features for 4 W Main St
General Information
Standard status
Active
Size
5,545 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,304
Amenities
dining space
outdoor patio
Listing Agency:
Coldwell Banker Ward Real Estate
(419) 281-2000
Listed By:
The Cooke Team
(419) 606-3506
Source:
Exprealty
Added: Sep 24
Changed: Sep 30
Last Checked: Oct 2 at 11:26PM
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 Coldwell Banker Ward Real Estate
Investment Insights
Based on property information with market context.
At 4 W Main St in Ashland, this 5,545-square-foot grocery and convenience property occupies a historic building dating back more than a century. The interior includes space for dining, and an outdoor patio extends the customer area. The building has undergone revitalization work.
Operations encompass grocery items, deli and café offerings, beer and wine, gifts, seasonal merchandise, and products from local makers. The sale may include the business, real estate, and other assets, subject to negotiation.
Operations encompass grocery items, deli and café offerings, beer and wine, gifts, seasonal merchandise, and products from local makers. The sale may include the business, real estate, and other assets, subject to negotiation.
Key Highlights
- 5,545 square feet
- Historic building originally constructed more than 100 years ago
- Grocery, deli, café, beer and wine, gifts, seasonal merchandise, and local products
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
$59,761
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
3.98%
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%
$1,195,220
$1.2M
Cap Rate 7%
$853,729
$853.7K
Cap Rate 9%
$664,011
$664.0K
Market Conditions
NOI Build-Up for 5,545 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
$83.2K $15.00/SF
− Vacancy
−$3.5K −$0.63/SF
EGI
$79.7K $14.37/SF
− OpEx
−$19.9K −$3.59/SF
NOI
$59.8K $10.78/SF
Area
Ashland County, OH
Vacancy
4.20%
Lease Rate
$15.00 /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%
$1,195,220
Cap Rate 7%
$853,729
Cap Rate 9%
$664,011
Alternative Uses
Best Use
Specialty Retail
$853.7K
$747.0K – $996.0K
NOI $59,761 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$715.4K
$626.0K – $834.7K
NOI $50,081 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.05M
$915.6K – $1.22M
NOI $73,247 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 43%
Groceries 7%
Taco Bell
Dining
17,195 visits/mo
0.2 miles
Wendy's
Dining
14,015 visits/mo
0.3 miles
BP
Shops & Services
11,648 visits/mo
0.2 miles
Dunkin' Donuts
Dining
9,684 visits/mo
0.5 miles
Marathon
Shops & Services
7,645 visits/mo
0.3 miles
Demographics for 44805, OH
31,238
Population
13,248
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
151.1 sq mi
ZIP Area
207
Density / Sq Mi
$62,058
Median Household Income
$35,122
Median Earnings
$835
Median Rent
$165,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Save A Lot — 161 Center St, Ashland, OH 44805
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The merchandise mix spans food retail, prepared meals, café service, beverages, gifts, and locally sourced goods.
Where is this grocery and convenience store located?
The property is located at 4 W Main St Ashland, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,545 square feet; Historic building originally constructed more than 100 years ago; Grocery, deli, café, beer and wine, gifts, seasonal merchandise, and local products
