Grafton Retail Storefront
For Sale
Contact for pricing
Pending
955 Main St, Grafton, OH 44044
760 SF retail storefront in Grafton, Ohio for sale.
Property Size760 SF
Days on Market193
Property Features for 955 Main St
General Information
Standard status
Pending
Size
760 SF
Class
C
Property subtype
Retail
Zoning
c
Building Details
Buildings
1
Stories
1
Listing Agency:
Trinity Commercial Realty
(216) 402-8000
Listed By:
Gary Pescatrice · License #OH 0000241394
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Jul 24 at 5:40PM
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 Trinity Commercial Realty
Investment Insights
Based on property information with market context.
Located at 955 N Main Street in Grafton, Ohio, this 760 SF retail storefront offers visibility along one of Grafton’s main commercial corridors. The property is currently vacant and ready for immediate occupancy, making it suitable for an owner-user or investor seeking a small retail footprint in a walkable, downtown setting. The building sits on a 27.6’ x 135’ lot and features a brick façade with storefront windows, providing street presence and natural light. Its flexible retail layout is well-suited for a variety of uses, including boutique retail, professional services, specialty shop, salon, or small office. Positioned within the Village of Grafton, the property benefits from nearby local businesses, residential density, and convenient access to surrounding communities. The site’s manageable size and low land coverage make it an option for small business owners looking to establish or expand their presence. The property also features a basement.
Key Highlights
- Prime Main Street location in Grafton with excellent visibility.
- Vacant and available for immediate occupancy.
- Flexible retail or office potential suitable for various businesses.
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
$7,645
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
3.82%
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%
$152,900
$152.9K
Cap Rate 7%
$109,214
$109.2K
Cap Rate 9%
$84,944
$84.9K
Market Conditions
NOI Build-Up for 760 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
$11.4K $15.00/SF
− Vacancy
−$479 −$0.63/SF
EGI
$10.9K $14.37/SF
− OpEx
−$3.3K −$4.31/SF
NOI
$7.6K $10.06/SF
Area
Lorain County, OH
Vacancy
4.20%
Lease Rate
$15.00 /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%
$152,900
Cap Rate 7%
$109,214
Cap Rate 9%
$84,944
Alternative Uses
Best Use
Retail
$109.2K
$95.6K – $127.4K
NOI $7,645 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.5K
$167.6K – $223.4K
NOI $13,406 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,884 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
2,597 visits/mo
0.1 miles
Demographics for 44044, OH
14,911
Population
4,304
Households
3.5
Avg Household Size
45
Median Age
17%
College-Educated
89%
High-School Grad
54.1 sq mi
ZIP Area
276
Density / Sq Mi
$86,582
Median Household Income
$37,906
Median Earnings
$995
Median Rent
$231,200
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 - 760 SF retail storefront in Grafton, Ohio for sale.
Where is this storefront property located?
The property is located at 955 Main St Grafton, OH.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Prime Main Street location in Grafton with excellent visibility.; Vacant and available for immediate occupancy.; Flexible retail or office potential suitable for various businesses.
