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    120 South Boundary St Perrysburg, OH 43551

    Sponsored
    For Lease
    $16 SF/Yr

    Perrysburg, OH Retail & Office Space

    Lot size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional investment opportunity presents the Country Charm Shopping Center, a multi-tenant property boasting over 100,000 square feet of leasable space. Strategically located at 120 W South Boundary St in Perrysburg, Ohio, 43551, this property offers a diverse range of uses, including retail, office, and restaurant spaces. Currently, there are two available units ranging from 1,000 to 2,200 square feet, perfect for businesses seeking a prominent location in a thriving community. The center's traditional office subtype provides a classic and functional workspace, while the retail and restaurant spaces cater to a variety of commercial needs. The multiple tenancy structure ensures a vibrant and diverse atmosphere, attracting a wide range of customers and creating a strong sense of community. This prime location in Perrysburg, Ohio offers excellent visibility and accessibility, making it an ideal choice for businesses looking to establish or expand their presence. The property's substantial size and flexible space options provide ample opportunities for customization and growth. Don't miss this chance to secure a space in this well-established and highly sought-after shopping center. Contact us today to learn more about the available units and explore the possibilities.

    Property Features for 120 South Boundary St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,000 SF
    Total Rate
    133333.33

    Unit(s) available at that property

    Space
    122 Suite
    Size
    1,000 SF
    Rate per SF
    $18
    Space
    150
    Size
    2,200 SF
    Rate per SF
    $16

    We can help!

    Listing Contact
    Matt DeWood

    Learn more

    HighLights

    • Strong tenant mix including The Gilded Exchange, Six Fifths Distillery, and Kohne Camera.
    Property Profile Location Intelligence

    Current Use by Public Records

    UPS Drop Box Shipping And Mailing Service Sinova Trading Bedding Store Kohne Camera & The Print ... Camera Store The Laundry Room Laundry Service Six Fifths Distilling Distillery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Perrysburg
    County
    Wood
    State
    Ohio
    Longitude
    -83.6211245
    Latitude
    41.5440628

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    FAQs

    What type of property is this?
    Restaurant - Perrysburg, OH Retail & Office Space
    Where is this restaurant located?
    The property is located at 120 South Boundary St Perrysburg, OH.
    What is the lease rate?
    The lease rate is $16-$18 SF/Yr.
    What are key features of this property?
    This property features: Strong tenant mix including The Gilded Exchange, Six Fifths Distillery, and Kohne Camera.; ;
    Request Owner's contact information
    120 South Boundary St Perrysburg, OH 43551
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    Perrysburg, OH 43551
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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
    120 South Boundary St Perrysburg, OH 43551
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    We can help!
    Listing Contact
    Matt DeWood
    Real Estate License ID: OH
    Learn more
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