Storefront Property with
For Sale
$199,000
726 S Blanchard Street, Findlay, OH 45840
Asphalt parking and roadside exposure support retail or service-oriented occupancy.
Property Size2,912 SF
Lot Size1.07 Acres
Price / SF$68.34
Days on Market196
Property Features for 726 S Blanchard Street
General Information
Standard status
Active
Size
2,912 SF
Lot size
1.07 Acres
Property subtype
Retail
Site & Location
Traffic Count
7,796 vehicles/day
Utilities to Site
Yes
Amenities
A/C - Other
3
Concrete, Other
Other
Metal
Asphalt, Handicap Parking.
Building Details
Year Built
1993
Buildings
1
Listing Agency:
WMS Marketing Services
(419) 722-4067
Listed By:
Derek Wentling
(419) 722-4067
Source:
Xome
Added: Feb 16
Changed: Aug 30
Last Checked: Aug 30 at 2:27PM
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 WMS Marketing Services
Investment Insights
Based on property information with market context.
This storefront property includes a 28' x 104' building totaling approximately 2,912 SF on 1.07 acres. Constructed in 1993, the building contains office space with an electric mini-split system for heating and cooling. The site also includes a substantial asphalt parking area with handicap parking and space that can accommodate vehicle display, customer parking, or equipment storage.
Located at 726 S Blanchard Street in Findlay, Ohio, the property recorded a 2025 traffic count of 7,796 vehicles per day. Natural gas service is available on the property, providing an additional utility option for future improvements. The configuration supports retail, automotive sales, service-oriented businesses, or redevelopment, as identified in the property information.
Located at 726 S Blanchard Street in Findlay, Ohio, the property recorded a 2025 traffic count of 7,796 vehicles per day. Natural gas service is available on the property, providing an additional utility option for future improvements. The configuration supports retail, automotive sales, service-oriented businesses, or redevelopment, as identified in the property information.
Key Highlights
- 1.07‑acre storefront property at 726 S Blanchard Street
- Approx. 2,912 SF building measuring 28' x 104'
- 7,796 vehicles passing daily based on the 2025 traffic count
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
$11,557
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
5.81%
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%
$231,140
$231.1K
Cap Rate 7%
$165,100
$165.1K
Cap Rate 9%
$128,411
$128.4K
Market Conditions
NOI Build-Up for 2,912 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
$17.1K $5.88/SF
− Vacancy
−$613 −$0.21/SF
EGI
$16.5K $5.67/SF
− OpEx
−$5.0K −$1.70/SF
NOI
$11.6K $3.97/SF
Area
Hancock County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
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%
$231,140
Cap Rate 7%
$165,100
Cap Rate 9%
$128,411
Alternative Uses
Best Use
Retail
$165.1K
$144.5K – $192.6K
NOI $11,557 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$812.2K
$710.7K – $947.6K
NOI $56,857 @ 7.0% cap · market cap 28.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7,796 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 50%
Circle K
Shops & Services
10,469 visits/mo
0.3 miles
Arby's
Dining
8,305 visits/mo
0.5 miles
Little Caesars Pizza
Dining
8,029 visits/mo
0.5 miles
Dollar General
Shops & Services
5,745 visits/mo
0.1 miles
SUBWAY
Dining
3,468 visits/mo
0.5 miles
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kroger Floral — 101 6th St, Findlay, OH 45840
Frequently Asked Questions
What type of property is this?
Storefront property - Asphalt parking and roadside exposure support retail or service-oriented occupancy.
Where is this storefront property located?
The property is located at 726 S Blanchard Street Findlay, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1.07‑acre storefront property at 726 S Blanchard Street; Approx. 2,912 SF building measuring 28' x 104'; 7,796 vehicles passing daily based on the 2025 traffic count
