Flex Space with
For Sale
Contact for pricing
712 S South St, Wilmington, OH 45177
The suite supports office, retail, or light industrial use and includes a private restroom.
Property Size900 SF
Days on Market17
Property Features for 712 S South St
General Information
Standard status
Active
Size
900 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
ERA Donald Fender Classic Real
(937) 393-3416
Listed By:
Christina Ross
(937) 763-3393
Source:
Exprealty
Added: Sep 30
Changed: Oct 10
Last Checked: Oct 16 at 11:45AM
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 ERA Donald Fender Classic Real
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Investment Insights
Based on property information with market context.
This 900-square-foot flex space at 712 S South St in Wilmington includes one office, a large lobby, a storage closet, and a rear room with an additional sink. The suite also has a bathroom, HVAC, and concrete floors with carpeted areas. A parking lot serves the property.
Office, retail, and light industrial uses are identified for the space. Water, sewer, and trash are paid by the tenant.
Office, retail, and light industrial uses are identified for the space. Water, sewer, and trash are paid by the tenant.
Key Highlights
- 900 square feet with one office, a large lobby, and a storage closet
- Bathroom and an additional sink in the rear room
- HVAC and concrete floors with carpeted areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,407
Suggested Prices Based on Cap Rates
Cap Rate 5%
$68,140
$68.1K
Cap Rate 7%
$48,671
$48.7K
Cap Rate 9%
$37,856
$37.9K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$5.7K $6.36/SF
− Vacancy
−$482 −$0.54/SF
EGI
$5.2K $5.82/SF
− OpEx
−$1.8K −$2.04/SF
NOI
$3.4K $3.79/SF
Area
Clinton County, OH
Vacancy
8.42%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$68,140
Cap Rate 7%
$48,671
Cap Rate 9%
$37,856
Alternative Uses
Best Use
Retail
$234.3K
$205.0K – $273.4K
NOI $16,401 @ 7.0% cap · market cap 1,640,100.00%
Second Best
Industrial
$52.8K
$46.2K – $61.6K
NOI $3,698 @ 7.0% cap · market cap 369,800.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45177, OH
22,349
Population
9,870
Households
2.3
Avg Household Size
40
Median Age
26%
College-Educated
94%
High-School Grad
170.0 sq mi
ZIP Area
131
Density / Sq Mi
$70,483
Median Household Income
$36,980
Median Earnings
$933
Median Rent
$209,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The suite supports office, retail, or light industrial use and includes a private restroom.
Where is this flex space located?
The property is located at 712 S South St Wilmington, OH.
What are key features of this property?
This property features: 900 square feet with one office, a large lobby, and a storage closet; Bathroom and an additional sink in the rear room; HVAC and concrete floors with carpeted areas
