Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Defiance, OH Title is generated by Realmo AI

    8959 State Route 66 N, Defiance, OH 43512

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr $21,416/Mo (calc)

    3,150 SF retail space available in neighborhood retail center.

    Type:Retail
    Property size:
    12,850 SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 6 at 12:01 am

    Property Features for 8959 State Route 66 N

    General Information

    Standard status
    Active
    Size
    12,850 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2007

    Spaces For Lease

    at 8959 State Route 66 N Contact us

    We can help!

    Listing Contact
    Rami Sebai
    Rami Sebai

    Listing agent Rami Sebai License #OH #SAL.2021006201

    Listing office SVN Ascension

    Listing date Nov 21, 2025

    Source Svn

    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 SVN Ascension

    HighLights

    • Prime location at the signalized intersection of State Route 66 and Elliott Rd, near State Route 24 interchange.
    • High visibility with 147 ft of frontage on State Route 66.
    • Located in a strong retail corridor near Walmart, Meijer, Kohls, and other national retailers.
    • Marquee and facade signage opportunities available.
    • Ample paved parking.
    • Space can be easily divided into separate units.

    Overview

    A 3,150 square foot space is available for lease within a 12,850 square foot neighborhood retail center. The property is located at the signalized intersection of State Route 66 and Elliott Rd, approximately 1/2 mile north of the State Route 24 interchange, in a retail corridor near Walmart, Meijer, Kohls, Ashly Furniture, Menards, hotels, and restaurants. Neighboring tenants include Jersey Mikes, Asian Grill Buffet, and Superior Credit Union. The property offers 147 feet of frontage along State Route 66, providing excellent visibility. Marquee and facade signage opportunities are available, and ample paved parking is provided. The space can be easily divided into separate units. New exterior paint and awnings are planned for 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Defiance
    County
    Defiance
    State
    Ohio
    Longitude
    -84.360764
    Latitude
    41.310417

    Nearby Similar for Lease

    • Contact for pricing
      13,200 SF

      Historic Downtown Building Renovation

      Prime location for restaurant or office space in Defiance, OH.
      300 Clinton Street, Defiance, OH 43512
      View Details
    • Contact for pricing
      14,564 SF

      Free Standing Building For Rent

      14,564 SF building with mezzanine and drive-up window.
      618 North Clinton Street, Defiance, OH, 43512
      View Details
    • Contact for pricing

      Historic Downtown Building Renovation

      Renovated historic building with restaurant and office space.
      300 Clinton Street, Defiance, OH 43512
      View Details
    • Contact for pricing
      70,000 SF

      Industrial Facility in Defiance, Ohio

      70,000 SF industrial facility, expandable to 100,000 SF.
      25490 Commerce Drive (Spec Building), Defiance, OH 43512
      View Details
    • $20 SF/Yr
      3,150 SF

      Retail Space with High Visibility

      Retail space with frontage on State Route 66.
      8959 OH-66, Defiance, OH
      View Details
    • $8 SF/Yr
      9,217 SF

      Retail Space Near Kroger

      Retail space available in shadow-anchored shopping center.
      1838-1858 E 2nd St, Defiance, OH
      View Details
    • $8 SF/Yr
      6,000 SF

      Defiance Office Space Available

      6,000 square feet of office space for rent.
      24862 Elliott Rd, Defiance, OH
      View Details
    • Contact for pricing
      5,250 SF

      Defiance Retail Space For Lease

      Retail or office space with high visibility and ample parking.
      319 E 2 St, Defiance, OH
      View Details
    • Contact for pricing

      Historic Building in Downtown Defiance

      Renovated historic building with restaurant and office space.
      300 Clinton Street, Defiance, OH 43512
      View Details
    • Contact for pricing
      3,150 SF

      Retail Space in Prime Location

      3,150 SF retail space in well-maintained strip center.
      8959 OH-66, Defiance, OH 43512
      View Details
    • Contact for pricing
      20,056 SF

      Modern Retail/Office Center For Rent

      20,056 SF retail/office center constructed in 2013.
      100 Stadium Drive, Defiance, OH 43512
      View Details
    • Contact for pricing

      Defiance Retail Space Available

      Retail spaces for rent at 1838 & 1858 E. Second Street.
      1838 & 1858 E. Second Street, Defiance, OH 43512
      View Details

    FAQs

    What type of property is this?
    Strip mall - 3,150 SF retail space available in neighborhood retail center.
    Where is this strip mall located?
    The property is located at 8959 State Route 66 N Defiance, OH.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime location at the signalized intersection of State Route 66 and Elliott Rd, near State Route 24 interchange.; High visibility with 147 ft of frontage on State Route 66.; Located in a strong retail corridor near Walmart, Meijer, Kohls, and other national retailers.
    (419) 540-8888
    We can help!
    Listing Contact
    Rami Sebai
    Rami Sebai
    Real Estate License ID: OH #SAL.2021006201
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8959 State Route 66 N, Defiance, OH 43512
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!