Neighborhood Grocery
For Sale
$1,950,000
9533 Waterville Swanton Rd, Waterville, OH 43566
Single-story supermarket with well and septic service, LED lighting, and upgraded meat, refrigeration, and mechanical equipment.
Property Size12,240 SF
Price / SF$159.31
Days on Market258
Property Features for 9533 Waterville Swanton Rd
General Information
Standard status
Active
Size
12,240 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
12,240 SF
Year Built
1971
Listing Agency:
Signature Associates - Toledo
(419) 215-1008
Listed By:
Megan Malczewski
(419) 215-1008
Source:
Cpix.resimplifi
Added: Nov 14, 2025
Changed: Jul 26
Last Checked: Jul 30 at 2:31AM
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 Signature Associates - Toledo
Investment Insights
Based on property information with market context.
This well-established neighborhood supermarket includes a well and septic system, LED lighting, and a small metal storage addition in the rear. The property is being offered with personal property for sale separately, and the seller notes over $600,000 in upgrades in meat cases, refrigeration, and mechanicals from 2025 to the present.
The market has operated since 1971 and has a long history of retail use at its current location. The site is set up for continued grocery operations, specialty food retail, or other neighborhood-serving concepts through adaptive reuse.
The market has operated since 1971 and has a long history of retail use at its current location. The site is set up for continued grocery operations, specialty food retail, or other neighborhood-serving concepts through adaptive reuse.
Key Highlights
- Neighborhood supermarket opened in 1971 (single‑story building).
- On‑site well and septic system service.
- LED lighting throughout.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.3k | $18.00 |
| − Vacancy | −$11.2k | −$0.92 |
| EGI | $209.1k | $17.08 |
| − OpEx | −$52.3k | −$4.27 |
| NOI | $156.8k | $12.81 |
12,240 SF · lease $18.00/SF/yr · vacancy 5.10% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,813 @ 7.0% cap · market cap 8.04%
Second Best
Retail
$1.25M
$1.09M – $1.45M
NOI $87,204 @ 7.0% cap · market cap 4.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
105k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Shops & Services 43%
Dining 5%
Electronics 2%
Kroger
Groceries
50,866 visits/mo
0.3 miles
Speedway
Shops & Services
24,367 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
13,608 visits/mo
0.2 miles
AutoZone
Shops & Services
3,708 visits/mo
0.1 miles
BIGGBY COFFEE
Dining
3,251 visits/mo
0.2 miles
Demographics for 43566, OH
8,371
Population
3,594
Households
2.3
Avg Household Size
43
Median Age
46%
College-Educated
98%
High-School Grad
18.4 sq mi
ZIP Area
455
Density / Sq Mi
$108,497
Median Household Income
$57,413
Median Earnings
$1,378
Median Rent
$283,500
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?
Grocery and convenience store - Single-story supermarket with well and septic service, LED lighting, and upgraded meat, refrigeration, and mechanical equipment.
Where is this grocery and convenience store located?
The property is located at 9533 Waterville Swanton Rd Waterville, OH.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Neighborhood supermarket opened in 1971 (single‑story building).; On‑site well and septic system service.; LED lighting throughout.
