New Shopping
For Sale
$2,750,000
9510 Jacksontown Road, Thornville, OH 43076
Office, Thornville, OH
Property Size7,500 SF
Lot Size2.00 Acres
Price / SF$366.67
Days on Market597
Property Features for 9510 Jacksontown Road
General Information
Property type
Residential
Property subtype
Office
Property condition
Under Construction
Zoning description
commercial
Parking
45
Subdivision
Shoppes of Jacksontown
Standard status
Active
APN
041-119970-00.007
Size
7,500 SF
Lot size
2.00 Acres
Utilities
Utilities
Water Available
Heating system
Forced Air
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Listing Agency:
Plum Tree Realty
(513) 378-4663
Listed By:
Jeffrey A Headley
(740) 920-4588
Added: Feb 5, 2025
Changed: Sep 25
Last Checked: Sep 25 at 2:06AM
MLS# 225003535
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,500-square-foot shopping center is under construction on approximately 2 acres and is scheduled for completion in 2025. The property is planned with forced-air heating, public water service, and a 50-year roof guarantee. Current occupancy is reported as fully leased.
The center is positioned on State Route 13 at Interstate 70 in Thornville, Ohio. Its address is 9510 Jacksontown Road, and the property is located in Licking County. The site combines a retail-oriented building with direct placement along two identified transportation routes.
The center is positioned on State Route 13 at Interstate 70 in Thornville, Ohio. Its address is 9510 Jacksontown Road, and the property is located in Licking County. The site combines a retail-oriented building with direct placement along two identified transportation routes.
Key Highlights
- 7,500 square feet of retail space
- Approximately 2 acres
- Under construction with 2025 year built
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
$87,142
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
3.17%
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%
$1,742,840
$1.7M
Cap Rate 7%
$1,244,886
$1.2M
Cap Rate 9%
$968,244
$968.2K
Market Conditions
NOI Build-Up for 7,500 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
$163.8K $21.84/SF
− Vacancy
−$39.3K −$5.24/SF
EGI
$124.5K $16.60/SF
− OpEx
−$37.3K −$4.98/SF
NOI
$87.1K $11.62/SF
Area
Perry County, OH
Vacancy
24.00%
Lease Rate
$21.84 /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%
$1,742,840
Cap Rate 7%
$1,244,886
Cap Rate 9%
$968,244
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $87,142 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,815 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43076, OH
9,145
Population
4,078
Households
2.2
Avg Household Size
46
Median Age
28%
College-Educated
93%
High-School Grad
65.2 sq mi
ZIP Area
140
Density / Sq Mi
$84,051
Median Household Income
$53,624
Median Earnings
$892
Median Rent
$274,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center under construction with public water service and forced-air heating.
Where is this shopping center located?
The property is located at 9510 Jacksontown Road Thornville, OH.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 7,500 square feet of retail space; Approximately 2 acres; Under construction with 2025 year built
