Grocery Store With Gas
For Sale
Under Contract
$1,400,000
726 China Street, Crooksville, OH 43731
CommercialSale, Crooksville, OH
Property Size6,620 SF
Lot Size0.88 Acres
Price / SF$211.48
Days on Market165
Property Features for 726 China Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
40
Parking features
Parking Lot
Security features
Security
Subdivision
Ruff Market Inc
Elementary school district
Crooksville EVSD - 6401
Middle school district
Crooksville EVSD - 6401
High school district
Crooksville EVSD - 6401
Directions
St, Rt, #22 - Turn on St. Rt #93 follow to Crooksville
Standard status
Active Under Contract
APN
110010180000
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT SW 1/4 SEC 16 .006 AC PT SE 1/4 SEC 17 .869 AC SEC 16
Tax Annual Amount
4544
Legal Description
PT SW 1/4 SEC 16 .006 AC PT SE 1/4 SEC 17 .869 AC SEC 16
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
utility building and shed
lottery machine
liquor license
gas pumps
neon digital sign
Building Details
Year built
1972
Floors in Building
1
Roof type
Metal
Listing Agency:
Lepi & Associates
(740) 455-3730
Listed By:
Gail L Garland · License #417546
(740) 819-3190
Added: Apr 1
Changed: Sep 12
Last Checked: Sep 12 at 8:06AM
MLS# 5198415
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This operating village grocery property includes 6,620 square feet of commercial space, a utility building, and a shed. The storefront uses broad glass display windows for product presentation and daylight. Included operating features comprise an on-site lottery machine, a liquor license, and Marathon-branded fuel pumps. A digital neon sign stands at the front of the property, while the parking lot accommodates 40+ cars.
Built in 1972, the property has forced-air natural gas heating, central air conditioning, public water, public sewer, and a metal roof. The existing configuration combines grocery retail, fuel service, customer parking, and supporting storage improvements at 726 China Street in Crooksville, Ohio.
Built in 1972, the property has forced-air natural gas heating, central air conditioning, public water, public sewer, and a metal roof. The existing configuration combines grocery retail, fuel service, customer parking, and supporting storage improvements at 726 China Street in Crooksville, Ohio.
Key Highlights
- 6,620 sq ft of commercial space
- Marathon‑branded gas pumps included
- On‑site lottery machine and liquor license
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,411
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,648,220
$1.6M
Cap Rate 7%
$1,177,300
$1.2M
Cap Rate 9%
$915,678
$915.7K
Market Conditions
NOI Build-Up for 6,620 SF
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.
Gross rent
$144.6K $21.84/SF
− Vacancy
−$34.7K −$5.24/SF
EGI
$109.9K $16.60/SF
− OpEx
−$27.5K −$4.15/SF
NOI
$82.4K $12.45/SF
Area
Perry County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,648,220
Cap Rate 7%
$1,177,300
Cap Rate 9%
$915,678
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,411 @ 7.0% cap · market cap 5.89%
Second Best
Retail
$1.10M
$961.5K – $1.28M
NOI $76,917 @ 7.0% cap · market cap 5.49%
Theoretical Best
Warehouse
$1.33M
$1.17M – $1.56M
NOI $93,399 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Groceries 17%
Circle K
Shops & Services
8,115 visits/mo
0.5 miles
Ruff's IGA
Groceries
1,918 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
1,485 visits/mo
0.0 miles
Demographics for 43731, OH
5,200
Population
2,187
Households
2.4
Avg Household Size
40
Median Age
12%
College-Educated
88%
High-School Grad
52.2 sq mi
ZIP Area
100
Density / Sq Mi
$55,417
Median Household Income
$37,075
Median Earnings
$768
Median Rent
$115,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Ruff's IGA — 700 China St, Crooksville, OH 43731
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating village retail property with lottery, liquor licensing, and additional utility and storage structures.
Where is this grocery and convenience store located?
The property is located at 726 China Street Crooksville, OH.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,620 sq ft of commercial space; Marathon‑branded gas pumps included; On‑site lottery machine and liquor license
