Convenience Store with
For Sale
$300,000
4510 Cleveland Road, Wooster, OH 44691
A brick commercial building with on-site parking fronts Cleveland Road.
Property Size2,400 SF
Lot Size0.99 Acres
Price / SF$125
Days on Market9
Property Features for 4510 Cleveland Road
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.99 Acres
Zoning
Commercial
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$6,219
Amenities
true
false
Public
0.989
Assessor
Additional Parking,Concrete
2400
Building Details
Building Size
2,400 SF
Year Built
1976
Buildings
1
Construction
brick
Listing Agency:
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:41PM
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 Patrick Lucey
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property includes a 2,400-square-foot brick building on approximately 0.989 acres. It is currently operating as a convenience store, with concrete parking available on site. The building was constructed in 1976, and the property is zoned Commercial.
The property is located at 4510 Cleveland Road in Wooster, Ohio, along the Cleveland Road corridor.
The property is located at 4510 Cleveland Road in Wooster, Ohio, along the Cleveland Road corridor.
Key Highlights
- 2,400‑square‑foot brick building
- Approximately 0.989 acres
- Currently operating as a convenience store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,142
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,840
$482.8K
Cap Rate 7%
$344,886
$344.9K
Cap Rate 9%
$268,244
$268.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$36.0K $15.00/SF
− Vacancy
−$1.5K −$0.63/SF
EGI
$34.5K $14.37/SF
− OpEx
−$10.3K −$4.31/SF
NOI
$24.1K $10.06/SF
Area
Wayne County, OH
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,840
Cap Rate 7%
$344,886
Cap Rate 9%
$268,244
Alternative Uses
Best Use
Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 8.05%
Second Best
Specialty Retail
$145.8K
$127.6K – $170.1K
NOI $10,205 @ 7.0% cap · market cap 3.40%
Theoretical Best
Multifamily LT 5
$1.75M
$1.53M – $2.05M
NOI $122,788 @ 7.0% cap · market cap 40.93%
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
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44691, OH
44,666
Population
19,369
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
154.9 sq mi
ZIP Area
288
Density / Sq Mi
$71,319
Median Household Income
$37,322
Median Earnings
$881
Median Rent
$216,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A brick commercial building with on-site parking fronts Cleveland Road.
Where is this grocery and convenience store located?
The property is located at 4510 Cleveland Road Wooster, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,400‑square‑foot brick building; Approximately 0.989 acres; Currently operating as a convenience store
