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    500 Commerce Park Blvd Northwood, OH 43619

    Sponsored
    For Sale
    $1,295,000

    Ohio Shopping Center Investment Opportunity

    Property size:
    17,136 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 17,136 square foot retail shopping center located at 500 Commerce Park Blvd, Northwood, Ohio 43619. The property consists of two buildings. Building 500, totaling 7,136 square feet, is fully occupied by four tenants with a triple-net lease structure, meaning tenants cover all operating expenses. Building 510 encompasses 10,000 square feet and is currently owner-occupied, offering potential for future income generation. The property boasts ample parking with 87 spaces, recently sealed and restriped for optimal functionality. Its strategic location on Commerce Park Boulevard, with frontage on Woodville Road, provides excellent visibility and accessibility. The center benefits from its proximity to I-280 and the new Enclave mixed-use development, ensuring strong potential for growth and increased foot traffic. The asking price is $1,295,000, translating to $75.57 per square foot. This presents a compelling owner-user or investment opportunity with significant cash flow potential in a thriving commercial area. The property is situated in Wood County, Ohio, offering a stable and attractive market for retail investment.

    Property Features for 500 Commerce Park Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    17,136 SF

    HighLights

    • High‑demand location in the thriving Commerce Park submarket.
    • 120,000+ SF of Class A industrial space available for sale.
    • Modern building features and high‑quality construction.
    • Excellent access to major transportation arteries, including freeways and public transit.
    • Ample parking for employees and visitors.
    • Flexible floor plans adaptable to various business needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Northwood
    County
    Wood
    State
    Ohio
    Longitude
    -83.4717012
    Latitude
    41.6062835

    Nearby Comparable

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      Retail Buildings in Commerce Park

      Two retail buildings with income potential in Northwood, Ohio.
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      The Enclave: Mixed-Use Lots

      Prime Northwood, OH land: Mixed-use development opportunity.
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    Nearby Similar for Sale

    • $1,295,000
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      Retail Buildings in Commerce Park

      Two retail buildings with income potential in Northwood, Ohio.
      500-510 Commerce Park Blvd, Northwood, OH 43619
      View Details
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      23,500 SF building on 1.98 acres in Northwood, Ohio.
      2802 Curtice Rd, Northwood, OH 43619
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      Northwood Home with Community Pool

      Two-bedroom home in Northwood with renovated community pool.
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      Industrial Buildings Near I-75

      Three adjoining industrial buildings with credit tenant near I-75.
      6750 Wales Rd, Northwood, OH 43619
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      Northwood Retail Building - For Sale/Lease

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      Northwood Ohio Warehouse Investment

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    FAQs

    What type of property is this?
    Lifestyle center - Ohio Shopping Center Investment Opportunity
    Where is this lifestyle center located?
    The property is located at 500 Commerce Park Blvd Northwood, OH.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: High-demand location in the thriving Commerce Park submarket.; 120,000+ SF of Class A industrial space available for sale.; Modern building features and high-quality construction.
    Request Owner's contact information
    500 Commerce Park Blvd Northwood, OH 43619
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    Northwood, OH 43619
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    Realmo Value Estimation

    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.

    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.

    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
    500 Commerce Park Blvd Northwood, OH 43619
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