Retail Portfolio Investment
717 READING RD Mason, OH 45040
717 READING RD, Mason, OH, 45040
Contact for pricing
For Sale
Contact for pricing
Retail property offered for sale as part of a six-property portfolio.
Property Size21,370 SF
Price / SF$190.45
Days on Market17
Property Features for 717 READING RD
General Information
- Standard status
- Active
- Size
- 21,370 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1995
Listing agency
Marcus & Millichap - Columbus
(216) 264-2000
Listed by
Craig Fuller · License #OH 2008001551
Source
Crexi
Added: Jul 6 Updated: Jul 21 at 2:54PM Checked: Jul 21 at 2:54PM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
The property is a retail asset offered for sale as part of a six-property portfolio. It may be purchased individually or together with the other properties in the portfolio.
Additional details regarding the overall portfolio and terms are available in the offering memorandum (OM).
Additional details regarding the overall portfolio and terms are available in the offering memorandum (OM).
Key Highlights
- Retail property built in 1995
- Offered for sale as part of a six‑property portfolio
- Can be purchased alone or with other properties in the portfolio
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 | $320.6k | $15.00 |
| − Vacancy | −$22.4k | −$1.05 |
| EGI | $298.1k | $13.95 |
| − OpEx | −$89.4k | −$4.19 |
| NOI | $208.7k | $9.76 |
21,370 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.98M
$2.61M – $3.48M
NOI $208,678 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.77M
$4.18M – $5.57M
NOI $334,131 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wes Banco Bank
Bank
Marc Poteet - WesBanco ...
Loan Service
Kathy Lamb - WesBanco ...
Loan Service
Brittany Rieck - WesBanco ...
Financial Advisor
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FAQs
What type of property is this?
Retail space - Retail property offered for sale as part of a six-property portfolio.
Where is this retail space located?
The property is located at 717 READING RD Mason, OH.
What is the asking price?
The asking price for this property is $4,070,000.
What are key features of this property?
This property features: Retail property built in 1995; Offered for sale as part of a six‑property portfolio; Can be purchased alone or with other properties in the portfolio
