Multi-Tenant Shopping
New
For Sale
$2,995,500
5020-5040 Gender Road, Canal Winchester, OH 43110
Four occupied suites house a mix of neighborhood-serving businesses, with separate water meters for each unit.
Property Size13,384 SF
Price / SF$223.81
Days on Market6
Property Features for 5020-5040 Gender Road
General Information
Standard status
Active
Size
13,384 SF
Property subtype
Shopping Center
Occupancy
100%
Building Details
Building Size
13,384 SF
Year Built
2014
Tenancy
Multi
Listing Agency:
Best Corporate Real Estate
Listed By:
Valerie Tivin · License #2019002160
(614) 716-8953
Source:
Camtaylor
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:44PM
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 Best Corporate Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 5020-5040 Gender Road in Canal Winchester, this shopping center contains four occupied commercial units. The tenant mix includes a daycare, Mexican restaurant, convenience store, and hair salon. Separate water meters serve the units, and the building dates to 2014. A roof replacement was completed in 2020.
Several new developments are under construction nearby. The property’s existing configuration brings together four distinct businesses in one multi-tenant retail building.
Several new developments are under construction nearby. The property’s existing configuration brings together four distinct businesses in one multi-tenant retail building.
Key Highlights
- Four occupied units with a daycare, Mexican restaurant, convenience store, and hair salon
- Separate water meters serve the commercial units
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,003
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,820,060
$3.8M
Cap Rate 7%
$2,728,614
$2.7M
Cap Rate 9%
$2,122,256
$2.1M
Market Conditions
NOI Build-Up for 13,384 SF
Gross rent
$261.8K $19.56/SF
− Vacancy
−$7.1K −$0.53/SF
EGI
$254.7K $19.03/SF
− OpEx
−$63.7K −$4.76/SF
NOI
$191.0K $14.27/SF
Area
Franklin County, OH
Vacancy
2.72%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,820,060
Cap Rate 7%
$2,728,614
Cap Rate 9%
$2,122,256
Alternative Uses
Best Use
Specialty Retail
$2.73M
$2.39M – $3.18M
NOI $191,003 @ 7.0% cap · market cap 6.38%
Second Best
Retail
$2.55M
$2.23M – $2.97M
NOI $178,269 @ 7.0% cap · market cap 5.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43110, OH
40,953
Population
17,352
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
93%
High-School Grad
46.7 sq mi
ZIP Area
877
Density / Sq Mi
$76,334
Median Household Income
$48,216
Median Earnings
$1,218
Median Rent
$284,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Gender Court — 5269 Gender Rd, Canal Winchester, OH 43110
Frequently Asked Questions
What type of property is this?
Shopping center - Four occupied suites house a mix of neighborhood-serving businesses, with separate water meters for each unit.
Where is this shopping center located?
The property is located at 5020-5040 Gender Road Canal Winchester, OH.
What is the asking price?
The asking price for this property is $2,995,500.
What are key features of this property?
This property features: Four occupied units with a daycare, Mexican restaurant, convenience store, and hair salon; Separate water meters serve the commercial units; Built in 2014
