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    8619 Waynesburg Dr SE Waynesburg, OH 44688

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    For Sale
    Contact for pricing

    Freestanding 10,363 SF building on 1.50 acre lot.

    Property size:
    10,363 SF
    Lot size:
    1.55 Acres

    Property Features for 8619 Waynesburg Dr SE

    General Information

    Size
    10,363 SF
    Lot size
    1.55 Acres

    We can help!

    Listing Contact
    Jack Liberatore
    Source: Moodyscre

    Listing Agency: Sands Investment Group (SIG) - Corporate Listing Agent: Jack Liberatore

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Former Rite Aid in Waynesburg

    The property is a 10,363 square foot former Rite Aid owner-user asset located at 8619 Waynesburg Drive SE in Waynesburg, OH. Constructed in 1995, the well-maintained building sits on a 1.50 acre lot. The freestanding building includes a drive-thru. Situated on a signalized corner location at a highly visible intersection on Waynesburg Dr SE, the location allows exposure to over 11,000 vehicles per day. Located 40 miles from Akron with proximity to metro influence, this site can benefit from regional retailers looking to grow. Nearby tenants include McDonald’s, Dollar General, Subway, Family Dollar, Ruegg Brothers Automotive, and A&D Bargains.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Rite Aid Pharmacy Pharmacy Redbox Cinema Cheryl A. Pomesky, RPH Pharmacy Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rite Aid Pharmacy, Cheryl A. Pomesky, RPH, Brandon R. Burkholder, PharmD

    Location Insight

    • Map
    • Local Demand
    City
    Waynesburg
    County
    Stark
    State
    Ohio
    Longitude
    -81.2612014
    Latitude
    40.6764474

    Nearby Similar for Sale

    • Contact for pricing

      Retail Space For Sale

      Retail space available in Waynesburg, OH, under new ownership.
      8648 Waynesburg Dr SE, Waynesburg, OH 44688
      View Details
    • $300,000
      0.28 Acres

      Waynesburg Commercial Lot - Huge Potential

      Build Your Business! Prime Commercial Lot.
      7796 Mottice Dr, Waynesburg, OH 44688
      View Details

    FAQs

    What type of property is this?
    Drug store - Freestanding 10,363 SF building on 1.50 acre lot.
    Where is this drug store located?
    The property is located at 8619 Waynesburg Dr SE Waynesburg, OH.
    What are key features of this property?
    This property features: - Freestanding building with drive-thru.; - Located on a signalized corner with high visibility and over 11,000 vehicles per day.; - Strong site fundamentals and well-maintained building on a 1.50-acre lot, built in 1995.
    (844) 474-4666 Call to check price and availability
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    8619 Waynesburg Dr SE Waynesburg, OH 44688
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8619 Waynesburg Dr SE Waynesburg, OH 44688
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jack Liberatore
    (844) 474-4666 (843) 510-0551
    Learn more
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