Turnkey Barbershop Retail
For Sale
$130,000
572 W Schrock, Westerville, OH 43081
Fully built-out barbershop with multiple stations, a client lounge, and a dedicated grooming and steam-service area.
Property Size1,227 SF
Days on Market47
Property Features for 572 W Schrock
General Information
Standard status
Active
Size
1,227 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Building Details
Building Size
1,227 SF
Listing Agency:
Di Lusso Real Estate
(614) 900-1000
Listed By:
Fisal Ikhmayes · License #2024003271
(614) 900-1000
Source:
Evrealestate
Added: Jul 9
Changed: Aug 24
Last Checked: Aug 21 at 7:49AM
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 Di Lusso Real Estate
Investment Insights
Based on property information with market context.
This turnkey barbershop is fully built out for operation, presented with upscale interior finishes including marble-look flooring. The layout includes multiple barber stations, a comfortable client lounge, and a custom lighted retail/product display wall. A dedicated grooming and steam-service area supports the shop’s service offering, which is described as classic and modern cuts to fades, beard trims, kids’ cuts, and premium grooming packages.
Located at 572 W Schrock Road in Park View Center, the property is positioned just off S State Street (SR-3) near I-270. The business is described as serving both walk-in and appointment traffic.
This is a business-only sale, and the transaction is expected to include existing fixtures, furniture, equipment, and branding to support a ready-to-run transition. Prospective buyers should verify square footage, lease terms, and business financials as part of due diligence.
Located at 572 W Schrock Road in Park View Center, the property is positioned just off S State Street (SR-3) near I-270. The business is described as serving both walk-in and appointment traffic.
This is a business-only sale, and the transaction is expected to include existing fixtures, furniture, equipment, and branding to support a ready-to-run transition. Prospective buyers should verify square footage, lease terms, and business financials as part of due diligence.
Key Highlights
- Business‑only sale of Lux Cuts Barbershop at 572 W Schrock Road in Park View Center
- Fully built‑out barbershop layout with multiple barber stations and a client lounge
- Includes a custom lighted retail/product display wall plus a dedicated grooming and steam‑service area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$4,770
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$95,400
$95.4K
Cap Rate 7%
$68,143
$68.1K
Cap Rate 9%
$53,000
$53.0K
Market Conditions
NOI Build-Up for 1,227 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$7.1K $5.76/SF
− Vacancy
−$253 −$0.21/SF
EGI
$6.8K $5.55/SF
− OpEx
−$2.0K −$1.67/SF
NOI
$4.8K $3.89/SF
Area
Delaware County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$95,400
Cap Rate 7%
$68,143
Cap Rate 9%
$53,000
Alternative Uses
Best Use
Retail
$68.1K
$59.6K – $79.5K
NOI $4,770 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$247.3K
$216.4K – $288.5K
NOI $17,311 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 33%
Beauty & Spa 13%
Hotels & Casinos 5%
Dollar General
Shops & Services
8,269 visits/mo
0.1 miles
Tim Hortons
Dining
5,015 visits/mo
0.2 miles
Great Clips
Beauty & Spa
4,129 visits/mo
0.1 miles
FedEx Office Print & Ship Center
Shops & Services
4,001 visits/mo
0.0 miles
Jimmy John's
Dining
2,530 visits/mo
0.1 miles
Demographics for 43081, OH
64,338
Population
28,457
Households
2.3
Avg Household Size
37
Median Age
54%
College-Educated
98%
High-School Grad
25.1 sq mi
ZIP Area
2,563
Density / Sq Mi
$90,336
Median Household Income
$55,015
Median Earnings
$1,434
Median Rent
$297,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully built-out barbershop with multiple stations, a client lounge, and a dedicated grooming and steam-service area.
Where is this retail space located?
The property is located at 572 W Schrock Westerville, OH.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Business‑only sale of Lux Cuts Barbershop at 572 W Schrock Road in Park View Center; Fully built‑out barbershop layout with multiple barber stations and a client lounge; Includes a custom lighted retail/product display wall plus a dedicated grooming and steam‑service area
