Brick Convenience
New
For Sale
$350,000
4510 Cleveland Road, Wooster, OH 44691
CommercialSale, Wooster, OH
Property Size2,400 SF
Lot Size0.99 Acres
Price / SF$145.83
Days on Market5
Property Features for 4510 Cleveland Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Elementary school district
Wooster City - 8510
Middle school district
Wooster City - 8510
High school district
Wooster City - 8510
Directions
Heading South on Rt 3, its just past Smithville Western Rd.
Standard status
Active
APN
71-00332-000
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 22 .797A MP 219 CD 2701
Tax Annual Amount
6219
Legal Description
SEC 22 .797A MP 219 CD 2701
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
on-site parking
Building Details
Year built
1976
Listing Agency:
RE/MAX Showcase · RE/MAX International
(330) 264-2644
Listed By:
D. Michael Bomboris · License #2014003605
(330) 421-2165
Added: Oct 2
Last Checked: Oct 6 at 4:06PM
MLS# 5249662
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A 2,400-square-foot brick building sits on approximately 0.989 acres at 4510 Cleveland Road in Wooster. Built in 1976, the property is currently operating as a convenience store. The building has forced-air heating and central air conditioning, with public water and public sewer service.
The site fronts Cleveland Road and includes on-site parking. Its existing commercial configuration and current convenience-store operation are established features of the property.
The site fronts Cleveland Road and includes on-site parking. Its existing commercial configuration and current convenience-store operation are established features of the property.
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
6.90%
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 6.90%
Second Best
Specialty Retail
$145.8K
$127.6K – $170.1K
NOI $10,205 @ 7.0% cap · market cap 2.92%
Theoretical Best
Multifamily LT 5
$1.75M
$1.53M – $2.05M
NOI $122,788 @ 7.0% cap · market cap 35.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The existing convenience store is served by public water and sewer.
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 $350,000.
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
