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    1541 River Valley Cir Lancaster, OH 43130

    Sponsored
    For Sale
    $3,522,600

    High-profile retail, strong tenant, long lease.

    Property size:
    23,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 23,484 square foot storefront property, located at 1541 River Valley Cir N in Lancaster, Ohio (43130), presents a compelling investment opportunity. Currently 100% occupied by OfficeMax under a Net Net (NN) lease expiring August 31, 2028, this single-tenant property boasts a substantial remaining lease term of approximately 3.8 years. The asking price is $3,522,600, translating to a price per square foot of $150. Built in 1998, the single-story building sits on a 3.24-acre lot and generates a Net Operating Income (NOI) of $246,582. The property benefits from its location in a high-profile retail corridor, ensuring strong visibility and consistent traffic. The long-standing history of OfficeMax at this location demonstrates the site's enduring appeal and market stability. This is an ideal investment for those seeking a stable, income-producing asset with a strong tenant and significant remaining lease term in a desirable retail location. The property's size and location make it a prime candidate for long-term growth and potential future appreciation.

    Property Features for 1541 River Valley Cir

    General Information

    Property type
    Individual retail properties
    Square Feet
    23,484 SF
    Lot Size
    141,134 SF

    Building Details

    Year Built
    1998
    Stories
    1

    HighLights

    • High‑visibility retail location.
    • Excellent tenant occupancy.
    • Established business history at this address.
    Property Profile Location Intelligence

    Current Use by Public Records

    OfficeMax Office Supply Store OfficeMax Print & Copy ... Copy Shop OfficeMax Tech Services Computer Service FedEx Drop Box Mailing Service FedEx ShipSite Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.6250117
    Latitude
    39.7332446

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    FAQs

    What type of property is this?
    Individual retail property - High-profile retail, strong tenant, long lease.
    Where is this individual retail property located?
    The property is located at 1541 River Valley Cir Lancaster, OH.
    What is the asking price?
    The asking price for this property is $3,522,600.
    What are key features of this property?
    This property features: High-visibility retail location.; Excellent tenant occupancy.; Established business history at this address.
    Request Owner's contact information
    1541 River Valley Cir Lancaster, OH 43130
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    Realmo Value Estimation

    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.

    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.

    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
    1541 River Valley Cir Lancaster, OH 43130
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