Retail Space For
7970 E Harbor Rd Lakeside Marblehead, OH 43440
7970 E Harbor Rd, Lakeside Marblehead, OH, 43440
Contact for pricing
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 Market133
Property Features for 7970 E Harbor Rd
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 Checked: Jul 17 at 4:35 am
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Redbox
Cinema
FedEx OnSite
Postal Service
Western Union
Bank
FAQs
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 E Harbor Rd Lakeside Marblehead, 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
