Listing Agency: Platz Realty Group

Listed By: Alicia Angelo · License #OH 2017002852 Show Phone

Source: Crexi

Added: Mar 5 Changed: Sep 30 Last Checked: Oct 5 at 6:18PM

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Investment Insights

Based on property information with market context.

This property offers 9,804 square feet of retail and industrial space. It is located at 917 N Main St, Hubbard, OH 44425.

Key Highlights

• Retail Property
• 9,804 SqFt

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,287

Cap Rate

8.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$805,740 $805.7K

Cap Rate 7%

$575,529 $575.5K

Cap Rate 9%

$447,633 $447.6K

Market Conditions

NOI Build-Up for 9,804 SF

Gross rent

$62.8K $6.41/SF

− Vacancy

−$5.3K −$0.54/SF

EGI

$57.6K $5.87/SF

− OpEx

−$17.3K −$1.76/SF

NOI

$40.3K $4.11/SF

Area

Trumbull County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$805,740

Cap Rate 7%

$575,529

Cap Rate 9%

$447,633

Alternative Uses

Best Use

Retail

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,674 @ 7.0% cap · market cap 20.91%

Second Best

Industrial

$575.5K

$503.6K – $671.5K (±1% cap)

NOI $40,287 @ 7.0% cap · market cap 8.90%

Theoretical Best

Office A

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,260 @ 7.0% cap · market cap 28.77%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail properties & Spaces

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

151

Businesses Nearby

Explore this area Business Placement

Demographics for 44425, OH

14,280

Population

6,614

Households

2.2

Avg Household Size

47

Median Age

27%

College-Educated

96%

High-School Grad

30.5 sq mi

ZIP Area

468

Density / Sq Mi

$62,287

Median Household Income

$42,293

Median Earnings

$804

Median Rent

$128,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail properties & spaces located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail property - 9,804 SqFt retail and industrial property available for sale.

Where is this retail property located?

The property is located at 917 North Main Street Hubbard, OH.

What is the asking price?

The asking price for this property is $452,700.

What are key features of this property?

This property features: Retail Property; 9,804 SqFt