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    1000 Sugarbush Dr Ashland, OH 44805

    Sponsored
    For Lease
    Contact for pricing

    Prime Ashland location, 1,121 SF available.

    Lot size:
    9,813 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional retail property, located at 1000-1016 Sugarbush Drive in Ashland, Ohio, presents a unique investment opportunity. The property, a convenience/strip center built in 2020, boasts a total of 9,813 square feet, with 1,121 square feet currently available for lease. Situated in the highly desirable Ashland submarket of Ashland County, this center enjoys a prime location along a major retail corridor, offering unparalleled visibility to East Main Street. Traffic counts exceed 21,000 vehicles daily, ensuring high exposure for your business. The property's multiple tenancy structure provides a diverse tenant mix, creating a vibrant and thriving retail environment. The building's modern construction (2020) ensures efficient operation and low maintenance costs. With its strategic location, ample space, and strong traffic flow, this retail center is perfectly positioned for success. The available 1,121 square feet offers a blank canvas for a variety of retail uses, making it an ideal opportunity for businesses seeking high visibility and a strong customer base in the thriving Ashland market. The zip code is 44805.

    Property Features for 1000 Sugarbush Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,813 SF

    Building Details

    Year Built
    2020

    Unit(s) available at that property

    Space
    Suite 1008
    Size
    1,121 SF

    We can help!

    Listing Contact
    Gilli Zofan
    Gilli Zofan

    Learn more

    HighLights

    • Brand new retail center on Ashland's main retail thoroughfare.
    • 1,121 square feet of retail space available for lease.
    • Ample parking and convenient I‑71 access.
    • Excellent tenant mix including Walk‑In Urgent Care, Penn Station Subs, AT&T, and Park National Bank.
    • Outparcel location adjacent to Buehler's and Home Depot with direct access.
    • Vacant space enjoys high visibility from E Main St.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Ashland
    State
    Ohio
    Longitude
    -82.28283511
    Latitude
    40.86179503

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    Nearby Similar for Lease

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      Retail or Flex Building

      Multi-tenant retail or flex building anchored by Tractor Supply Company.
      2300 Claremont Ave, Ashland, OH 44805
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      1,121 SF

      Retail Space in Ashland, OH

      Retail space available for lease in Ashland, Ohio.
      1004 Sugarbush Dr, Ashland, OH 44805
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Ashland location, 1,121 SF available.
    Where is this retail property located?
    The property is located at 1000 Sugarbush Dr Ashland, OH.
    What are key features of this property?
    This property features: Brand new retail center on Ashland's main retail thoroughfare.; 1,121 square feet of retail space available for lease.; Ample parking and convenient I-71 access.
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    1000 Sugarbush Dr Ashland, OH 44805
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    Ashland, OH 44805
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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
    1000 Sugarbush Dr Ashland, OH 44805
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    We can help!
    Listing Contact
    Gilli Zofan
    Gilli Zofan
    Real Estate License ID: OH #2017000450
    Learn more
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