Listing Agency: Exclusive Realty s***@exclusive-realty.com Show Phone

Listed By: Steve Sagmani · License #6502426558 Show Phone

Source: Moodyscre

Added: Sep 9, 2025 Changed: Aug 17 Last Checked: Aug 21 at 8:00AM

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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 = 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

$31,087

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

3.15%

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%

$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 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

$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 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%

$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

Property Profile

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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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