Cellular Phone Retail
For Sale
Contact for pricing
5500 MILAN RD, Sandusky, OH 44870
Retail space associated with an established cellular phone business.
Property Size952 SF
Price / SF$21.01
Days on Market164
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Property Features for 5500 MILAN RD
General Information
Standard status
Active
Size
952 SF
Property subtype
Retail, Business for Sale
Additional Details
Business Included
Yes
Building Details
Year Built
1991
Stories
1
Units
73
Listing Agency:
Home Equity Realty Group
Listed By:
Roger Nair · License #OH 2011001849
(330) 350-0016
Source:
Crexi
Added: May 5
Changed: Oct 2
Last Checked: Oct 14 at 8:04PM
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 Home Equity Realty Group
Investment Insights
Based on property information with market context.
This retail property is associated with a cellular phone business and was built in 1991. The asset is identified as retail space at 5500 Milan Rd in Sandusky, Ohio.
The available property information identifies the cellular phone business use and the building’s construction year. Additional physical specifications are not incorporated into this summary.
The available property information identifies the cellular phone business use and the building’s construction year. Additional physical specifications are not incorporated into this summary.
Key Highlights
- Cellular phone business associated with the retail space
- Building constructed in 1991
- Located at 5500 Milan Rd, Sandusky, OH
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,237
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,740
$344.7K
Cap Rate 7%
$246,243
$246.2K
Cap Rate 9%
$191,522
$191.5K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$25.7K $27.00/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$24.6K $25.87/SF
− OpEx
−$7.4K −$7.76/SF
NOI
$17.2K $18.11/SF
Area
Erie County, OH
Vacancy
4.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,740
Cap Rate 7%
$246,243
Cap Rate 9%
$191,522
Alternative Uses
Best Use
Retail
$246.2K
$215.5K – $287.3K
NOI $17,237 @ 7.0% cap · market cap 86.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.48M
$9.17M – $12.22M
NOI $733,366 @ 7.0% cap · market cap 3,666.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
142k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 68%
Shops & Services 22%
Dining 5%
Hotels & Casinos 4%
Walmart
Superstores
96,813 visits/mo
0.4 miles
Speedway
Shops & Services
19,630 visits/mo
0.0 miles
Shell
Shops & Services
11,787 visits/mo
0.3 miles
SONIC Drive In
Dining
7,477 visits/mo
0.3 miles
Comfort Inn Sandusky
Hotels & Casinos
1,606 visits/mo
0.1 miles
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
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
Frequently Asked Questions
What type of property is this?
Retail space - Retail space associated with an established cellular phone business.
Where is this retail space located?
The property is located at 5500 MILAN RD Sandusky, OH.
What are key features of this property?
This property features: Cellular phone business associated with the retail space; Building constructed in 1991; Located at 5500 Milan Rd, Sandusky, OH
