Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    324 Bluebell Dr New Philadelphia, OH 44663

    Sponsored
    For Sale
    Contact for pricing

    High-Occupancy Shopping Center, Strong NOI

    Property size:
    62,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 62,088 square foot shopping center in New Philadelphia, Ohio, presents a compelling investment opportunity. Located at 324 Bluebell Dr NW, 44663, this multi-tenant retail property boasts a 96.78% occupancy rate and a strong net operating income (NOI) of $403,219. The center features a diverse mix of seven national tenants, including Dollar General, Big Lots, GameStop, Rent-A-Center, and Advance America. Big Lots, Dollar General, and Rent-A-Center contribute significantly to the NOI, with leases extending into 2027/2028. The property benefits from its strategic location, shadow-anchored by regional draw magnets Walmart and Menards, ensuring consistent customer traffic. Further enhancing its appeal, the center is adjacent to a complementary shopping center anchored by Tractor Supply, Dollar Tree, Goodwill, and Planet Fitness, creating a synergistic retail environment. Built in phases (1981 and 2002), the property sits on a 6.2-acre lot and is zoned for commercial use. Current rents are below market value, and the center is projected to trade below its replacement cost, offering significant upside potential for investors. This well-positioned, stable investment presents a rare opportunity to acquire a high-performing retail asset in a thriving market.

    Property Features for 324 Bluebell Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    62,088 SF
    Lot Size
    270,072 SF

    HighLights

    • Shadow‑anchored by Walmart and Menards, drawing regional shoppers.
    • Stable national tenants (Big Lots, Dollar General, Rent‑A‑Center) comprise 79% of NOI, with leases extending to 2027/2028.
    • Below‑market rents and projected sale price below replacement cost.
    • Adjacent to a complementary shopping center anchored by Tractor Supply, Dollar Tree, Goodwill, and Planet Fitness.
    Property Profile Location Intelligence

    Current Use by Public Records

    MoneyGram Money Transfer Service Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Philadelphia
    County
    Tuscarawas
    State
    Ohio
    Longitude
    -81.4741337
    Latitude
    40.4963619

    Nearby Comparable

    • $700,000
      10,500 SF

      Multi-Tenant Warehouse in New Philadelphia

      Multi-tenant warehouse with I-77 and Route 250 access.
      1127 Front Ave SW, New Philadelphia, OH 44663
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Outlot Near Rural King

      1-Acre Commercial Land in Ohio
      1203 Front Ave, New Philadelphia, OH 44663
      View Details
    • $209,900
      0.34 Acres

      Corner Lot in High Traffic

      Commercial lot in high-traffic area with city utilities available.
      902 W High Ave, New Philadelphia, OH 44663
      View Details
    • $80,000
      Pending

      Established Auto Repair Shop For Sale

      Operating auto repair business with equipment and real estate for lease.
      1130 Bowers Ave NW, New Philadelphia, OH 44663
      View Details
    • $4,150,000
      112,586 SF

      Mixed-Use Investment Opportunity

      Retail, office, and warehouse spaces available for lease or sale.
      1109-1139 Bowers Ave NW, New Philadelphia, OH 44663
      View Details
    • New
      $1,700,000
      21.85 Acres

      Industrial Buildings on 21+ Acres

      Five industrial buildings totaling 45,000+ sqft on 21.8 acres.
      1490 Truss Rd SW, New Philadelphia, OH 44663
      View Details
    • $1,700,000
      45,702 SF

      Truss Road Industrial Complex

      Ohio Industrial Portfolio: 45,702 SF
      1490 Truss Rd, New Philadelphia, OH 44663
      View Details
    • $4,389,000

      Dover Office Building For Sale

      Office building for sale in Dover, Ohio.
      320-340 Oxford St, Dover, OH 44622
      View Details
    • Contact for pricing

      Shovel Ready Commercial Land

      Last available lot, ready for development in New Philadelphia.
      Marketplac Swe Commoms, New Philadelphia, OH
      View Details
    • Contact for pricing

      Development Opportunity Near I-77

      Land suitable for retail or hospitality development near I-77.
      2024 Sr 39 NW, Dover, OH
      View Details
    • New
      $375,000
      0.01 Acres

      Turnkey Triplex Investment Property

      Fully occupied triplex in New Philadelphia, immediate rental income.
      837 2Nd St SE, New Philadelphia, OH 44663
      View Details
    • $350,000
      0.25 Acres

      Four-Unit Multifamily Property

      Well-maintained, fully occupied duplexes on a single lot.
      432 Bank Ln SE, New Philadelphia, OH 44663
      View Details

    Nearby Similar for Sale

    • New
      $1,700,000
      21.85 Acres

      Industrial Buildings on 21+ Acres

      Five industrial buildings totaling 45,000+ sqft on 21.8 acres.
      1490 Truss Rd SW, New Philadelphia, OH 44663
      View Details
    • New
      $375,000
      0.01 Acres

      Turnkey Triplex Investment Property

      Fully occupied triplex in New Philadelphia, immediate rental income.
      837 2Nd St SE, New Philadelphia, OH 44663
      View Details
    • $350,000
      0.25 Acres

      Four-Unit Multifamily Property

      Well-maintained, fully occupied duplexes on a single lot.
      432 Bank Ln SE, New Philadelphia, OH 44663
      View Details
    • $4,150,000
      112,586 SF

      Mixed-Use Investment Opportunity

      Retail, office, and warehouse spaces available for lease or sale.
      1109-1139 Bowers Ave NW, New Philadelphia, OH 44663
      View Details
    • $80,000
      Pending

      Established Auto Repair Shop For Sale

      Operating auto repair business with equipment and real estate for lease.
      1130 Bowers Ave NW, New Philadelphia, OH 44663
      View Details
    • $700,000
      10,500 SF

      Multi-Tenant Warehouse in New Philadelphia

      Multi-tenant warehouse with I-77 and Route 250 access.
      1127 Front Ave SW, New Philadelphia, OH 44663
      View Details
    • $1,700,000
      45,702 SF

      Truss Road Industrial Complex

      Ohio Industrial Portfolio: 45,702 SF
      1490 Truss Rd, New Philadelphia, OH 44663
      View Details
    • $1,700,000

      Ohio Hotel & House Package

      Profitable Hotel, 3-Bedroom Home Included
      0 Main St, New Philadelphia, OH 44663
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-Occupancy Shopping Center, Strong NOI
    Where is this lifestyle center located?
    The property is located at 324 Bluebell Dr New Philadelphia, OH.
    What are key features of this property?
    This property features: Shadow-anchored by Walmart and Menards, drawing regional shoppers.; Stable national tenants (Big Lots, Dollar General, Rent-A-Center) comprise 79% of NOI, with leases extending to 2027/2028.; Below-market rents and projected sale price below replacement cost.
    Request Owner's contact information
    324 Bluebell Dr New Philadelphia, OH 44663
    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.
    324 Bluebell Dr
    New Philadelphia, OH 44663
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    324 Bluebell Dr New Philadelphia, OH 44663
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.