Retail Space For
7970 East Harbor Road Lakeside, OH 43440
For Sale
Contact for pricing
9,170 SqFt retail space with 7.00% CAP rate.
Property Size9,170 SF
Price / SF$126.24
Days on Market145
Property Features for 7970 East Harbor Road
General Information
Standard status
Active
Size
9,170 SF
Property subtype
Retail
Building Details
Year Built
2015
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #DC SP200204411
Source:
Crexi
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 28 at 4:28PM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This is a 9,170 square foot retail space. The property has a capitalization rate of 7.00%.
Key Highlights
- 7.00% CAP Rate
- Retail Property
- Spacious 9,170 SqFt
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.8k | $9.36 |
| − Vacancy | −$2.8k | −$0.31 |
| EGI | $83.0k | $9.05 |
| − OpEx | −$24.9k | −$2.72 |
| NOI | $58.1k | $6.34 |
9,170 SF · lease $9.36/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$830.0K
$726.2K – $968.3K
NOI $58,099 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,528 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 9,170 SqFt retail space with 7.00% CAP rate.
Where is this retail space located?
The property is located at 7970 East Harbor Road Lakeside, OH.
What is the asking price?
The asking price for this property is $1,157,657.
What are key features of this property?
This property features: 7.00% CAP Rate; Retail Property; Spacious 9,170 SqFt
