Sandusky Retail
For Sale
Contact for pricing
911 CROSSINGS RD, Sandusky, OH 44870
Commercial retail space offered for sale at 911 Crossings Rd.
Property Size19,894 SF
Price / SF$209.41
Days on Market188
Property Features for 911 CROSSINGS RD
General Information
Standard status
Active
Size
19,894 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$322,839
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Columbus
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Apr 11
Changed: Oct 13
Last Checked: Oct 14 at 11:40PM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
This retail space is offered for sale at 911 Crossings Rd in Sandusky, Ohio. The property is identified as retail space within a commercial real estate offering.
Key Highlights
- Retail space offered for sale
- Located at 911 Crossings Rd
- Sandusky, OH 44870
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$360,205
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,204,100
$7.2M
Cap Rate 7%
$5,145,786
$5.1M
Cap Rate 9%
$4,002,278
$4.0M
Market Conditions
NOI Build-Up for 19,894 SF
Gross rent
$537.1K $27.00/SF
− Vacancy
−$22.6K −$1.13/SF
EGI
$514.6K $25.87/SF
− OpEx
−$154.4K −$7.76/SF
NOI
$360.2K $18.11/SF
Area
Erie County, OH
Vacancy
4.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,204,100
Cap Rate 7%
$5,145,786
Cap Rate 9%
$4,002,278
Alternative Uses
Best Use
Retail
$5.15M
$4.50M – $6.00M
NOI $360,205 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$218.93M
$191.56M – $255.42M
NOI $15,325,197 @ 7.0% cap · market cap 367.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
270k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Groceries 26%
Dining 17%
Home Improvements & Furnishings 11%
Walmart
Superstores
96,813 visits/mo
0.4 miles
Meijer
Groceries
70,190 visits/mo
0.4 miles
Raising Cane's Chicken Fingers
Dining
38,043 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
27,667 visits/mo
0.3 miles
Staples
Office Supplies
12,321 visits/mo
0.3 miles
Demographics for 44870, OH
40,416
Population
19,991
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
90%
High-School Grad
60.7 sq mi
ZIP Area
666
Density / Sq Mi
$58,797
Median Household Income
$36,056
Median Earnings
$863
Median Rent
$148,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail space offered for sale at 911 Crossings Rd.
Where is this retail space located?
The property is located at 911 CROSSINGS RD Sandusky, OH.
What is the asking price?
The asking price for this property is $4,166,000.
What are key features of this property?
This property features: Retail space offered for sale; Located at 911 Crossings Rd; Sandusky, OH 44870
