Operating Grocery Store with Gas
For Sale
$2,100,000
726 China Street, Crooksville, OH 43731
Includes a liquor license, lottery machine, branded fuel pumps, and supporting outbuildings.
Property Size6,620 SF
Lot Size0.91 Acres
Price / SF$317.22
Days on Market153
Property Features for 726 China Street
General Information
Standard status
Active
Size
6,620 SF
Total Parking Spaces
40
Lot size
0.91 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,543
Amenities
lottery machine
neon digital sign
large glass display windows
Building Details
Building Size
6,620 SF
Year Built
1972
Buildings
1
Listing Agency:
LEPI & ASSOC.
(740) 819-3190
Listed By:
Gail L Garland · License #284700
(740) 819-3190
Source:
Carolgoffrealestate
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 25 at 9:12AM
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 LEPI & ASSOC.
Investment Insights
Based on property information with market context.
Located at 726 China Street in Crooksville, Ohio, this operating grocery store occupies 6,620 square feet on 0.910 acres. The primary retail area has broad glass display windows that bring in natural light and provide product exposure. A utility building and shed add separate support space for storage and operations.
The property includes Marathon-branded gas pumps, an on-site lottery machine, and a liquor license. A large neon digital sign stands at the front of the site, while parking for 40+ cars accommodates customers, delivery trucks, and community events. Built in 1972, the property combines grocery retail, fuel service, and additional revenue-related amenities in one commercial facility.
The property includes Marathon-branded gas pumps, an on-site lottery machine, and a liquor license. A large neon digital sign stands at the front of the site, while parking for 40+ cars accommodates customers, delivery trucks, and community events. Built in 1972, the property combines grocery retail, fuel service, and additional revenue-related amenities in one commercial facility.
Key Highlights
- 6,620‑square‑foot grocery and convenience store on 0.910 acres
- Marathon‑branded gas pumps included with the property
- Liquor license and on‑site lottery machine
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
3.92%
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 3.92%
Second Best
Retail
$1.10M
$961.5K – $1.28M
NOI $76,917 @ 7.0% cap · market cap 3.66%
Theoretical Best
Warehouse
$1.33M
$1.17M – $1.56M
NOI $93,399 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 - Includes a liquor license, lottery machine, branded fuel pumps, and supporting outbuildings.
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 $2,100,000.
What are key features of this property?
This property features: 6,620‑square‑foot grocery and convenience store on 0.910 acres; Marathon‑branded gas pumps included with the property; Liquor license and on‑site lottery machine
