Shopping Center
For Sale
Contact for pricing
858-864 Main Street, Wintersville, OH 43953
Existing retail improvements occupy a substantial commercial site.
Property Size61,623 SF
Lot Size10.66 Acres
Price / SF$186.62
Days on Market133
Property Features for 858-864 Main Street
General Information
Standard status
Active
Size
61,623 SF
Lot size
10.66 Acres
Property subtype
Retail
Net Operating Income
$579,702
Additional Details
Gross Income
$714,564
Building Details
Tenancy
Multi
Listing Agency:
CENTURY 21 Sherlock Homes
(516) 459-5379
Listed By:
Roger Hart · License #NY
Source:
Crexi
Added: Apr 20
Changed: Aug 30
Last Checked: Aug 30 at 9:49AM
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 CENTURY 21 Sherlock Homes
Investment Insights
Based on property information with market context.
This shopping center property comprises 61,623 square feet of retail improvements on 10.66 acres. The asset is configured as an established commercial property with an existing building footprint suitable for retail-oriented occupancy.
The property is located at 858-864 Main Street in Wintersville, Ohio 43953. Its sizable land component and completed retail building provide the core physical characteristics of the offering.
The property is located at 858-864 Main Street in Wintersville, Ohio 43953. Its sizable land component and completed retail building provide the core physical characteristics of the offering.
Key Highlights
- 61,623‑square‑foot shopping center property
- 10.66‑acre commercial site
- Located at 858‑864 Main Street, Wintersville, OH 43953
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
$815,811
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
7.09%
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%
$16,316,220
$16.3M
Cap Rate 7%
$11,654,443
$11.7M
Cap Rate 9%
$9,064,567
$9.1M
Market Conditions
NOI Build-Up for 61,623 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
$1.21M $19.68/SF
− Vacancy
−$47.3K −$0.77/SF
EGI
$1.17M $18.91/SF
− OpEx
−$349.6K −$5.67/SF
NOI
$815.8K $13.24/SF
Area
Jefferson County, OH
Vacancy
3.90%
Lease Rate
$19.68 /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%
$16,316,220
Cap Rate 7%
$11,654,443
Cap Rate 9%
$9,064,567
Alternative Uses
Best Use
Retail
$11.65M
$10.20M – $13.60M
NOI $815,811 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.41M
$10.86M – $14.48M
NOI $868,872 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
73k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Shops & Services 31%
Dining 21%
Beauty & Spa 3%
Kroger
Groceries
30,655 visits/mo
0.0 miles
Burger King
Dining
15,319 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
10,632 visits/mo
0.0 miles
Dollar General
Shops & Services
7,554 visits/mo
0.5 miles
Marathon
Shops & Services
4,135 visits/mo
0.4 miles
Demographics for 43953, OH
11,637
Population
5,313
Households
2.2
Avg Household Size
48
Median Age
31%
College-Educated
95%
High-School Grad
18.5 sq mi
ZIP Area
629
Density / Sq Mi
$73,648
Median Household Income
$46,004
Median Earnings
$878
Median Rent
$140,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Existing retail improvements occupy a substantial commercial site.
Where is this shopping center located?
The property is located at 858-864 Main Street Wintersville, OH.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: 61,623‑square‑foot shopping center property; 10.66‑acre commercial site; Located at 858‑864 Main Street, Wintersville, OH 43953
