433 West Perkins Avenue, Sandusky, OH 44870

Building Details

Year Renovated 2018 More

Listing Agency: Hoty Enterprises, Inc.

Listed By: Henry "Mac" Lehrer, CCIM · License #0000385308 Show Phone

Source: Crexi

Added: Nov 3 Changed: Nov 8 Last Checked: Nov 8 at 5:59PM

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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 Hoty Enterprises, Inc.

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Investment Insights

Based on property information with market context.

At 433 West Perkins Avenue, this former KFC is a freestanding restaurant building of approximately 1,800 square feet on a 0.75-acre parcel. A double drive-through configuration, multiple access points, on-site parking, and remaining furniture, fixtures, and equipment are in place. Renovation work was completed in 2018.

The property fronts Perkins Avenue in Sandusky, a commercial corridor carrying approximately 22,000 vehicles per day. Nearby commercial and community destinations include Kroger Marketplace at Perkins Plaza Shopping Center, Firelands Sandusky Healthcare Center, ThorWorks Industries, Tractor Supply Co., and Civista Bank.

Key Highlights

• Former KFC restaurant on a 0.75‑acre parcel
• Approximately 1,800 SF freestanding building
• Double drive‑through lanes and existing drive‑through infrastructure

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,026

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$520,520 $520.5K

Cap Rate 7%

$371,800 $371.8K

Cap Rate 9%

$289,178 $289.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$36.1K $20.04/SF

− Vacancy

−$1.4K −$0.76/SF

EGI

$34.7K $19.28/SF

− OpEx

−$8.7K −$4.82/SF

NOI

$26.0K $14.46/SF

Area

Erie County, OH

Vacancy

3.80%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$520,520

Cap Rate 7%

$371,800

Cap Rate 9%

$289,178

Alternative Uses

Best Use

Specialty Retail

$371.8K

$325.3K – $433.8K (±1% cap)

NOI $26,026 @ 7.0% cap · market cap 4.07%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$465.6K

$407.4K – $543.2K (±1% cap)

NOI $32,591 @ 7.0% cap · market cap 5.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

KFC Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply HVAC Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,000 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

628

Businesses Nearby

Explore this area Business Placement

Demographics for 44870, OH

40,416

Population

19,991

Households

2

Avg Household Size

43

Median Age

25%

College-Educated

90%

High-School Grad

60.7 sq mi

ZIP Area

666

Density / Sq Mi

$58,797

Median Household Income

$36,056

Median Earnings

$863

Median Rent

$148,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Freestanding restaurant property with dual drive-through lanes, updated improvements, and retained furniture, fixtures, and equipment.

Where is this drive through restaurant located?

The property is located at 433 West Perkins Avenue Sandusky, OH.

What is the asking price?

The asking price for this property is $639,900.

What are key features of this property?

This property features: Former KFC restaurant on a 0.75‑acre parcel; Approximately 1,800 SF freestanding building; Double drive‑through lanes and existing drive‑through infrastructure