Retail
For Sale
Contact for pricing
Pending
5590 North High Street, Worthington, OH 43085
The property may be acquired independently or together with additional assets from the same portfolio.
Property Size16,178 SF
Days on Market102
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Property Features for 5590 North High Street
General Information
Standard status
Pending
Size
16,178 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$279,363
Building Details
Year Built
1953
Buildings
1
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Cleveland
Listed By:
Scott Wiles · License #OH 2005013197
(216) 264-2000
Source:
Crexi
Added: Jul 6
Changed: Oct 12
Last Checked: Oct 14 at 9:43PM
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 Marcus & Millichap - Cleveland
Investment Insights
Based on property information with market context.
This retail property contains 16,178 square feet and was built in 1953. It is offered as part of a six-property portfolio, with the flexibility to purchase this asset separately or acquire it alongside other portfolio properties.
The property is located at 5590 North High Street in Worthington, Ohio, 43085.
The property is located at 5590 North High Street in Worthington, Ohio, 43085.
Key Highlights
- 16,178‑square‑foot retail property
- Built in 1953
- Available for individual acquisition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,225
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,124,500
$3.1M
Cap Rate 7%
$2,231,786
$2.2M
Cap Rate 9%
$1,735,833
$1.7M
Market Conditions
NOI Build-Up for 16,178 SF
Gross rent
$233.0K $14.40/SF
− Vacancy
−$9.8K −$0.60/SF
EGI
$223.2K $13.80/SF
− OpEx
−$67.0K −$4.14/SF
NOI
$156.2K $9.66/SF
Area
Richland County, OH
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,124,500
Cap Rate 7%
$2,231,786
Cap Rate 9%
$1,735,833
Alternative Uses
Best Use
Retail
$2.23M
$1.95M – $2.60M
NOI $156,225 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,838 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 43085, OH
25,566
Population
10,961
Households
2.3
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
3,502
Density / Sq Mi
$112,474
Median Household Income
$63,239
Median Earnings
$1,405
Median Rent
$373,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The property may be acquired independently or together with additional assets from the same portfolio.
Where is this retail space located?
The property is located at 5590 North High Street Worthington, OH.
What is the asking price?
The asking price for this property is $3,730,000.
What are key features of this property?
This property features: 16,178‑square‑foot retail property; Built in 1953; Available for individual acquisition
