Listing Agency: Cleveland

Listed By: Chris Seelig · License #442020 Show Phone

Source: Colliers

Added: Mar 26 Changed: Oct 9 Last Checked: Oct 16 at 5:46AM

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Investment Insights

Based on property information with market context.

This is a 3,631 square foot freestanding building with a drive-thru. The property is suitable for retail space, retail properties and spaces, drive-through restaurants, restaurants, and general commercial real estate purposes.

Key Highlights

• 3,631 SF Freestanding building
• Drive‑thru available
• Freestanding building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,410

Suggested Prices Based on Cap Rates

Cap Rate 5%

$288,200 $288.2K

Cap Rate 7%

$205,857 $205.9K

Cap Rate 9%

$160,111 $160.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,631 SF

Gross rent

$21.4K $5.88/SF

− Vacancy

−$764 −$0.21/SF

EGI

$20.6K $5.67/SF

− OpEx

−$6.2K −$1.70/SF

NOI

$14.4K $3.97/SF

Area

Medina County, OH

Vacancy

3.58%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$288,200

Cap Rate 7%

$205,857

Cap Rate 9%

$160,111

Alternative Uses

Best Use

Specialty Retail

$1.01M

$886.2K – $1.18M (±1% cap)

NOI $70,895 @ 7.0% cap · market cap 1,952.49%

Second Best

Retail

$205.9K

$180.1K – $240.2K (±1% cap)

NOI $14,410 @ 7.0% cap · market cap 396.86%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Hardee's Restaurant

Suggested Use

Top Pick HVAC Service Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Dental Office

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

166

Businesses Nearby

86k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 89% Dining 9% Hotels & Casinos 2%

Sheetz Shops & Services

43,568 visits/mo 0.1 miles

Circle K Shops & Services

20,697 visits/mo 0.2 miles

Dollar General Shops & Services

7,007 visits/mo 0.5 miles

Shell Shops & Services

5,455 visits/mo 0.1 miles

Hardee's Dining

4,880 visits/mo 0.2 miles

Demographics for 44273, OH

6,900

Population

2,791

Households

2.5

Avg Household Size

46

Median Age

27%

College-Educated

92%

High-School Grad

38.7 sq mi

ZIP Area

178

Density / Sq Mi

$93,328

Median Household Income

$48,479

Median Earnings

$943

Median Rent

$242,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - 3,631 SF freestanding building with drive-thru available for sale.

Where is this retail space located?

The property is located at 8750 Wooster Pike Seville, OH.

What are key features of this property?

This property features: 3,631 SF Freestanding building; Drive‑thru available; Freestanding building