Listing Agency: Exclusive Realty Show Phone

Listed By: Steve Sagmani · License #6502426558 Show Phone

Source: Moodyscre

Added: Sep 9, 2025 Changed: Oct 4 Last Checked: Oct 5 at 8:24PM

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Investment Insights

Based on property information with market context.

This 8,048 square foot building is suitable for retail or street retail investment. The property is located in a prime location in the Proctorville area and offers high visibility with over 17,000 vehicles per day. The population exceeds 25,000 residents within a 3-mile radius. It is a fully leased property offering stable cash flow under a NN lease with minimal landlord responsibilities. This property presents an opportunity to add a high-performing asset to your portfolio and a strong foundation for a lucrative retail investment.

Key Highlights

• Fully leased property offering stable cash flow
• Prime location in Proctorville area
• High visibility with over 17,000 Vehicles Per Day

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,087

Cap Rate

3.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$621,740 $621.7K

Cap Rate 7%

$444,100 $444.1K

Cap Rate 9%

$345,411 $345.4K

Market Conditions

NOI Build-Up for 8,048 SF

Gross rent

$46.4K $5.76/SF

− Vacancy

−$1.9K −$0.24/SF

EGI

$44.4K $5.52/SF

− OpEx

−$13.3K −$1.66/SF

NOI

$31.1K $3.86/SF

Area

Lawrence County, OH

Vacancy

4.20%

Lease Rate

$5.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$621,740

Cap Rate 7%

$444,100

Cap Rate 9%

$345,411

Alternative Uses

Best Use

Retail

$444.1K

$388.6K – $518.1K (±1% cap)

NOI $31,087 @ 7.0% cap · market cap 3.15%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.83M

$1.60M – $2.14M (±1% cap)

NOI $128,237 @ 7.0% cap · market cap 13.00%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Law Firm Dental Office Restaurant Real Estate Agency HVAC Service Big Box & Wholesale Store

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

116

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Family Dollar Shops & Services

4,732 visits/mo 0.1 miles

Adkins Body Shop Shops & Services

519 visits/mo 0.5 miles

U.S. Bank Shops & Services

272 visits/mo 0.0 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - 8,048 SF retail building in prime Proctorville location.

Where is this retail space located?

The property is located at 7550 County Rd 107 Proctorville, OH.

What is the asking price?

The asking price for this property is $986,206.

What are key features of this property?

This property features: Fully leased property offering stable cash flow; Prime location in Proctorville area; High visibility with over 17,000 Vehicles Per Day