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 Market142
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
(216) 264-2000
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Jul 18 at 2:29AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$360,205
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
