Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Coshocton Avenue Commercial Property Title is generated by Realmo AI

    1061 Coshocton Avenue, Mount Vernon, OH 43050

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Versatile commercial property in high-traffic area, suitable for various businesses.

    Type:Retail, Restaurant
    Added:
    Oct 15, 2024
    Days on Market:
    595
    Last Refresh:
    May 11 at 8:19 pm

    Property Features for 1061 Coshocton Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 1061 Coshocton Avenue Contact us

    $362/Mo

    Size
    2,028 SF
    Type
    Retail, Restaurant
    Contact us

    We can help!

    Listing Contact
    David Ludwig
    David Ludwig

    Listing agent David Ludwig License #0000420226

    Listing office Coldwell Banker King Thompson Columbus

    Listing date Oct 15, 2024

    Source Crexi

    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 Coldwell Banker King Thompson Columbus

    HighLights

    • High‑traffic location near McDonald's, Walmart, and Lowe's, ensuring excellent visibility and accessibility.
    • Versatile property suitable for various businesses, previously used as a restaurant and loan office.
    • Option to utilize the existing structure or build a new one.
    • Exterior upblast exhaust vent and concrete pad with electrical conduit for an outdoor freezer, ideal for a restaurant.
    • Two fully functional handicap‑accessible bathrooms.
    • Owner open to leasehold improvements or build‑outs.

    Overview

    This commercial property, located on Coshocton Avenue, presents a leasing opportunity for various businesses. Previously occupied by a national check cash company and a pizza shop, the property's history includes use as both a restaurant and a loan office. The existing structure can be utilized, or a new build is possible. The property features an exterior upblast exhaust vent and a concrete pad with electrical conduit suitable for an outdoor freezer. Two fully functional handicap-accessible bathrooms are present. Situated in a high traffic area near McDonald's, Walmart, and Lowe's, the location offers visibility and accessibility. The owner is open to leasehold improvements or build-outs at the buyer's expense. The property can be converted back to a restaurant with minimal effort.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.4495909
    Latitude
    40.4019091

    Nearby Similar for Lease

    • $27 SF/Yr
      6,000 SF

      Retail Space in Mount Vernon

      High-traffic retail space available for rent in Mount Vernon, OH.
      Cassell Road, Mount Vernon, OH 43050
      View Details
    • $3 SF/Yr
      97,000 SF

      Mount Vernon Industrial Facility For Rent

      97,000 SF industrial space with cranes and office.
      105 N Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $15 SF/Yr
      1,131 SF

      Mount Vernon Office/Retail Space

      Office/retail space in a high-visibility location with ample parking.
      1650 Coshocton Ave, Mount Vernon, OH, 43050-1547
      View Details
    • $735,000 SF/Yr
      2,028 SF

      Prime Retail Space on Coshocton

      High-traffic location leased to national retailer in Mount Vernon, Ohio.
      1061 Coshocton Ave, Mount Vernon, OH, 43050-1412
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Knox Village

      Retail space available in established shopping center on Coshocton Avenue.
      1500 Coshocton Ave, Mount Vernon, OH
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space in Busy Center

      Retail space for lease in high-traffic Mt Vernon location.
      1558 Coshocton Ave, Mount Vernon, OH
      View Details
    • Contact for pricing
      22,725 SF

      Mount Vernon Retail Space Available

      Retail space in Mount Vernon with high traffic and parking.
      921 Coshocton Rd, Mount Vernon, OH
      View Details
    • Contact for pricing

      Retail Space in Mount Vernon

      Retail space in a vibrant, thriving Mount Vernon community.
      408 Coshocton Ave, Mount Vernon, OH 43050
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial property in high-traffic area, suitable for various businesses.
    Where is this retail space located?
    The property is located at 1061 Coshocton Avenue Mount Vernon, OH.
    What is the lease rate?
    The lease rate is $4,349 /Mo.
    What are key features of this property?
    This property features: High‑traffic location near McDonald's, Walmart, and Lowe's, ensuring excellent visibility and accessibility.; Versatile property suitable for various businesses, previously used as a restaurant and loan office.; Option to utilize the existing structure or build a new one.
    (614) 638-4206 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Ludwig
    David Ludwig
    Real Estate License ID: 0000420226
    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
    1061 Coshocton Avenue, Mount Vernon, OH 43050
    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!