Established Branded Retail
For Sale
Contact for pricing
927 North Cable Road, Lima, OH 45805
Commercial storefront with an operating children’s resale business, existing fixtures, inventory, and an experienced staff.
Property Size3,500 SF
Price / SF$84.29
Days on Market65
Property Features for 927 North Cable Road
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Retail, Business for Sale
Zoning
Commercial
Lease Type
NNN
Additional Details
Business Included
Yes
Listing Agency:
Superior PLUS Realtors
(419) 222-3040
Listed By:
Greg Butcher · License #OH 0000324616
Source:
Crexi
Added: Jun 29
Changed: Aug 31
Last Checked: Aug 31 at 9:12PM
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 Superior PLUS Realtors
Investment Insights
Based on property information with market context.
This 3,500-square-foot commercial storefront at 927 North Cable Road in Lima, Ohio, operates as a Once Upon A Child resale location. The business has been established since 2014 and offers children’s clothing, shoes, toys, baby gear, books, and equipment. Existing improvements include retail fixtures, merchandise, and a layout arranged for buying and selling activity. The property is zoned Commercial and is located within Clocktower Plaza, a regional shopping center with complementary retailers.
The sale presents an operating branded retail business supported by Winmark Corporation, with franchise resources that include marketing, systems, buying power, and training. The store also has a long-term staff in place, providing an existing operating platform for a new owner. Additional property and business details are available through the listing representative.
The sale presents an operating branded retail business supported by Winmark Corporation, with franchise resources that include marketing, systems, buying power, and training. The store also has a long-term staff in place, providing an existing operating platform for a new owner. Additional property and business details are available through the listing representative.
Key Highlights
- 3,500‑square‑foot storefront at 927 North Cable Road, Lima, OH 45805
- Once Upon A Child location established in 2014
- Located within Clocktower Plaza regional shopping center
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
$13,890
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
4.71%
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%
$277,800
$277.8K
Cap Rate 7%
$198,429
$198.4K
Cap Rate 9%
$154,333
$154.3K
Market Conditions
NOI Build-Up for 3,500 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
$20.6K $5.88/SF
− Vacancy
−$737 −$0.21/SF
EGI
$19.8K $5.67/SF
− OpEx
−$6.0K −$1.70/SF
NOI
$13.9K $3.97/SF
Area
Allen County, OH
Vacancy
3.58%
Lease Rate
$5.88 /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%
$277,800
Cap Rate 7%
$198,429
Cap Rate 9%
$154,333
Alternative Uses
Best Use
Retail
$198.4K
$173.6K – $231.5K
NOI $13,890 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$843.0K
$737.7K – $983.5K
NOI $59,012 @ 7.0% cap · market cap 20.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
287k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Shops & Services 30%
Dining 23%
Apparel 10%
Walmart
Superstores
93,822 visits/mo
0.2 miles
McDonald's
Dining
20,476 visits/mo
0.1 miles
Speedway
Shops & Services
19,875 visits/mo
0.4 miles
Dollar Tree
Shops & Services
18,628 visits/mo
0.1 miles
Runnings
Apparel
16,351 visits/mo
0.1 miles
Demographics for 45805, OH
22,740
Population
10,560
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,558
Density / Sq Mi
$65,954
Median Household Income
$37,126
Median Earnings
$944
Median Rent
$153,700
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?
Storefront property - Commercial storefront with an operating children’s resale business, existing fixtures, inventory, and an experienced staff.
Where is this storefront property located?
The property is located at 927 North Cable Road Lima, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 3,500‑square‑foot storefront at 927 North Cable Road, Lima, OH 45805; Once Upon A Child location established in 2014; Located within Clocktower Plaza regional shopping center
