Mixed-Use Retail
643 Bodey Cir Urbana, OH 43078
643 Bodey Cir, Urbana, OH, 43078
$1,050,000
For Sale
$1,050,000
Fully leased mixed-use retail center with service-oriented tenants and long-term lease agreements.
Property Size7,572 SF
Price / SF$138.67
Days on Market190
Property Features for 643 Bodey Cir
General Information
- Standard status
- Active
- Size
- 7,572 SF
Listing agency
Howard Hanna Real Estate Services
(937) 644-0047
Listed by
John Crain
(937) 644-0047
Source
Exprealty
Added: Jan 14 Updated: Jul 22 at 7:16PM Checked: Jul 22 at 7:16PM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
This fully leased, mixed-use retail center totals 7,572 square feet and is currently 100% occupied. The tenant roster includes a hair salon, driving school, tailor, off-site dry cleaning service, dog groomer, and a private mental health counseling office, providing a service-oriented mix within the property.
The offering is presented as a stabilized, turnkey asset with tenants in place under long-term lease agreements intended to support consistent occupancy.
The center is offered for sale as a managed, income-producing property built around established businesses and ongoing tenant occupancy.
The offering is presented as a stabilized, turnkey asset with tenants in place under long-term lease agreements intended to support consistent occupancy.
The center is offered for sale as a managed, income-producing property built around established businesses and ongoing tenant occupancy.
Key Highlights
- Fully leased 7,572 SF mixed‑use retail center at 643 Bodey Circle
- 100% occupied with service‑oriented businesses
- Tenant roster includes a hair salon, driving school, tailor, off‑site dry cleaning, dog groomer, and private mental health counseling office
Local Financial Insights For Office B
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 | $163.0k | $21.53 |
| − Vacancy | −$41.6k | −$5.49 |
| EGI | $121.5k | $16.04 |
| − OpEx | −$30.4k | −$4.01 |
| NOI | $91.1k | $12.03 |
7,572 SF · lease $21.53/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,090 @ 7.0% cap · market cap 8.68%
Second Best
Healthcare Medical
$1.27M
$1.11M – $1.49M
NOI $89,195 @ 7.0% cap · market cap 8.49%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,844 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
FAQs
What type of property is this?
Shopping center - Fully leased mixed-use retail center with service-oriented tenants and long-term lease agreements.
Where is this shopping center located?
The property is located at 643 Bodey Cir Urbana, OH.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully leased 7,572 SF mixed‑use retail center at 643 Bodey Circle; 100% occupied with service‑oriented businesses; Tenant roster includes a hair salon, driving school, tailor, off‑site dry cleaning, dog groomer, and private mental health counseling office
