Versatile Retail/Office
601 North Verity Parkway Middletown, OH 45042
601 North Verity Parkway, Middletown, OH, 45042
Contact for pricing
For Sale
Contact for pricing
5,525 SF building offers open high-ceiling interior and multiple drive-in doors with front, side, and rear parking.
Property Size5,525 SF
Lot Size0.55 Acres
Price / SF$85.97
Days on Market91
Property Features for 601 North Verity Parkway
General Information
- Standard status
- Active
- Size
- 5,525 SF
- Lot size
- 0.55 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1972
Listing agency
KW Commercial Community Partners
(937) 474-9395
Listed by
Greg Blatt · License #OH-BRKA:0000286367
Source
Crexi
Added: Apr 23 Updated: Jul 22 at 3:40PM Checked: Jul 22 at 3:40PM
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 KW Commercial Community Partners
Investment Insights
Based on property information with market context.
601 N Verity Parkway is a 5,525 SF commercial building designed with flexibility in mind. The interior provides open space and high ceilings, supporting reconfiguration for a range of commercial uses. Multiple drive-in doors enhance functional access and can accommodate different operational needs, depending on the tenant or buyer’s concept.
The property sits on approximately 0.55 acres and includes on-site parking areas at the front, side, and rear of the building for convenient customer and employee access. It is located along N Verity Parkway with approximately 9,000 to 10,500 vehicles per day. The City of Middletown has shown interest in encouraging restaurant and food-based uses along this corridor, and the zoning allows a broad mix of commercial applications.
With a versatile layout, practical drive-in access, and ample on-site parking, the building can be considered by investors, owner-users, or developers looking to reposition the asset for their intended business model.
The property sits on approximately 0.55 acres and includes on-site parking areas at the front, side, and rear of the building for convenient customer and employee access. It is located along N Verity Parkway with approximately 9,000 to 10,500 vehicles per day. The City of Middletown has shown interest in encouraging restaurant and food-based uses along this corridor, and the zoning allows a broad mix of commercial applications.
With a versatile layout, practical drive-in access, and ample on-site parking, the building can be considered by investors, owner-users, or developers looking to reposition the asset for their intended business model.
Key Highlights
- 5,525 SF commercial building built in 1972 in Middletown’s UC‑S District
- Open interior with high ceilings, suitable for retail, service, office, or conversion to a restaurant/food concept
- Multiple drive‑in doors for flexible vehicle access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $6.48 |
| − Vacancy | −$2.3k | −$0.41 |
| EGI | $33.5k | $6.07 |
| − OpEx | −$10.1k | −$1.82 |
| NOI | $23.5k | $4.25 |
5,525 SF · lease $6.48/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$898.9K
$786.5K – $1.05M
NOI $62,922 @ 7.0% cap · market cap 13.25%
Second Best
Specialty Retail
$831.1K
$727.2K – $969.6K
NOI $58,178 @ 7.0% cap · market cap 12.25%
Theoretical Best
Office A
$1.09M
$955.9K – $1.27M
NOI $76,468 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 5,525 SF building offers open high-ceiling interior and multiple drive-in doors with front, side, and rear parking.
Where is this retail space located?
The property is located at 601 North Verity Parkway Middletown, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 5,525 SF commercial building built in 1972 in Middletown’s UC‑S District; Open interior with high ceilings, suitable for retail, service, office, or conversion to a restaurant/food concept; Multiple drive‑in doors for flexible vehicle access
