Building Details

Building Size 4,000 SF

Year Built 1984

Listing Agency: NAI Ohio Equities, LLC

Listed By: Dan Sheeran · License #2016006190 Show Phone

Source: Ohioequities

Added: Mar 26 Changed: Oct 25 Last Checked: Oct 28 at 6:46AM

Report an Issue

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 NAI Ohio Equities, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This property features a 4.2-acre corner lot located at the intersection of National Road and York Road. It currently houses a mower sales and repair business that has been operating at this location for 20 years. The property includes an apartment situated above the workshop, as well as a separate 3-bedroom house on York Road. There are two buildings of unspecified size on the premises. The property may be suitable for lot splitting. The building size is 3,825 square feet.

Key Highlights

• High‑traffic corner lot location on National Rd and York Rd.
• 4.2 acre property with potential for lot split.
• Established mower sales & repair business (20 years in location).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,704

Cap Rate

4.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,394,080 $1.4M

Cap Rate 7%

$995,771 $995.8K

Cap Rate 9%

$774,489 $774.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,825 SF

Gross rent

$103.3K $27.00/SF

− Vacancy

−$3.7K −$0.97/SF

EGI

$99.6K $26.03/SF

− OpEx

−$29.9K −$7.81/SF

NOI

$69.7K $18.22/SF

Area

Licking County, OH

Vacancy

3.58%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,394,080

Cap Rate 7%

$995,771

Cap Rate 9%

$774,489

Alternative Uses

Best Use

Retail

$995.8K

$871.3K – $1.16M (±1% cap)

NOI $69,704 @ 7.0% cap · market cap 4.65%

Second Best

Industrial

$634.9K

$555.5K – $740.7K (±1% cap)

NOI $44,442 @ 7.0% cap · market cap 2.96%

Theoretical Best

Flex RnD

$3.07M

$2.69M – $3.58M (±1% cap)

NOI $215,036 @ 7.0% cap · market cap 14.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Smithco Equipment, LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Kitchen & Bath Showroom Hotel & Motel Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Explore this area Business Placement

Demographics for 43062, OH

32,125

Population

11,979

Households

2.7

Avg Household Size

39

Median Age

32%

College-Educated

94%

High-School Grad

74.3 sq mi

ZIP Area

432

Density / Sq Mi

$100,450

Median Household Income

$53,329

Median Earnings

$1,334

Median Rent

$292,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail property - 4.2 acres with mower sales and repair business.

Where is this retail property located?

The property is located at 7271 National Rd SW Etna, OH.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: High‑traffic corner lot location on National Rd and York Rd.; 4.2 acre property with potential for lot split.; Established mower sales & repair business (20 years in location).