Commercial Land with High-Visibility
For Sale
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612 W Waterloo Street, Canal Winchester, OH 43110
Prime commercial land with frontage near OhioHealth outpatient campus.
Property Size1,276 SF
Price / SF$391.77
Days on Market940
Property Features for 612 W Waterloo Street
General Information
Standard status
Active
Size
1,276 SF
Property subtype
Mixed Use, Retail, Land, Office
Building Details
Year Built
1959
Listing Agency:
Keller Williams Greater Columbus Realty
Listed By:
Zachary DeLeon · License #2003013816
(740) 503-8912
Source:
Crexi
Added: Mar 20, 2024
Changed: Oct 10
Last Checked: Oct 14 at 10:42PM
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 Keller Williams Greater Columbus Realty
Investment Insights
Based on property information with market context.
This property features 99+/- feet of frontage along West Waterloo Street, directly across from the OhioHealth 40,000 SF outpatient campus approved for 2024. Zoned General Commercial, it is suitable for a wide range of retail, restaurant, or professional uses, with full utility availability. The property includes a 1,276 SF ranch built in 1959, featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The existing home can be razed for a building site or renovated for office or retail use. The location is near Downtown Canal Winchester, Waterloo Crossing shopping, Walmart, Home Depot, Kroger, and various restaurants, with easy access to US-33. An assemblage with adjacent parcels may be possible; see MLS# 224003417 for an additional 0.41+/- acres.
Key Highlights
- Prime 99+\/- feet of frontage on West Waterloo Street directly across from OhioHealth outpatient campus (approved for 2024).
- Zoned General Commercial, suitable for retail, restaurant, or professional uses.
- Full utility availability.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,996
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,920
$339.9K
Cap Rate 7%
$242,800
$242.8K
Cap Rate 9%
$188,844
$188.8K
Market Conditions
NOI Build-Up for 1,276 SF
Gross rent
$25.0K $19.56/SF
− Vacancy
−$679 −$0.53/SF
EGI
$24.3K $19.03/SF
− OpEx
−$7.3K −$5.71/SF
NOI
$17.0K $13.32/SF
Area
Franklin County, OH
Vacancy
2.72%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,920
Cap Rate 7%
$242,800
Cap Rate 9%
$188,844
Alternative Uses
Best Use
Retail
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 3.40%
Second Best
Office B
$224.4K
$196.4K – $261.8K
NOI $15,710 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$260.1K
$227.6K – $303.5K
NOI $18,210 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime commercial land with frontage near OhioHealth outpatient campus.
Where is this commercial land located?
The property is located at 612 W Waterloo Street Canal Winchester, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime 99+\/- feet of frontage on West Waterloo Street directly across from OhioHealth outpatient campus (approved for 2024).; Zoned General Commercial, suitable for retail, restaurant, or professional uses.; Full utility availability.
