Versatile Retail/Flex Building on
For Sale
$600,000
955 North Main Street, Urbana, OH 43078
6,250 SF retail/flex building on 0.87-acre lot in Urbana, Ohio.
Property Size6,250 SF
Lot Size0.87 Acres
Price / SF$96
Days on Market205
Property Features for 955 North Main Street
General Information
Standard status
Active
Size
6,250 SF
Lot size
0.87 Acres
Property subtype
Retail
Building Details
Building Size
6,250 SF
Year Built
1959
Listing Agency:
NAI Ohio Equities
Listed By:
Curt Berlin, SIOR · License #336585
(614) 296-3739
Source:
Ohioequities
Added: Apr 1
Changed: Oct 3
Last Checked: Oct 20 at 6:58PM
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 NAI Ohio Equities
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Investment Insights
Based on property information with market context.
This 6,250 SF retail/flex building is positioned on a 0.87-acre lot along U.S. Route 68 in Urbana, Ohio. The property includes a 1,500 SF retail/office area with two private offices, a 3,500 SF open showroom or retail floor with a drive-in door, and a 1,250 SF warehouse/storage area in the rear with drive-in access. The building is suited for showroom, general retail, equipment sales, contractor, or service-oriented businesses. It features four drive-in doors (three 10' x 10' and one 9.5' x 10'), a large parking lot, newer HVAC and roof, monument signage on US-68, and 200 amp power. The property is zoned B-2, General Business District and offers visibility on U.S. Route 68 (N. Main Street).
Key Highlights
- Highly visible location on U.S. Route 68.
- Versatile 6,250 SF retail/flex building suitable for various business types.
- Four drive‑in doors for easy access and logistics.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,682
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,640
$513.6K
Cap Rate 7%
$366,886
$366.9K
Cap Rate 9%
$285,356
$285.4K
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$40.1K $6.41/SF
− Vacancy
−$3.4K −$0.54/SF
EGI
$36.7K $5.87/SF
− OpEx
−$11.0K −$1.76/SF
NOI
$25.7K $4.11/SF
Area
Champaign County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,640
Cap Rate 7%
$366,886
Cap Rate 9%
$285,356
Alternative Uses
Best Use
Industrial
$366.9K
$321.0K – $428.0K
NOI $25,682 @ 7.0% cap · market cap 4.28%
Second Best
Flex RnD
$338.0K
$295.8K – $394.4K
NOI $23,662 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$1.74M
$1.53M – $2.03M
NOI $122,032 @ 7.0% cap · market cap 20.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43078, OH
20,067
Population
8,904
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
133
Density / Sq Mi
$72,500
Median Household Income
$40,854
Median Earnings
$909
Median Rent
$176,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - 6,250 SF retail/flex building on 0.87-acre lot in Urbana, Ohio.
Where is this flex space located?
The property is located at 955 North Main Street Urbana, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Highly visible location on U.S. Route 68.; Versatile 6,250 SF retail/flex building suitable for various business types.; Four drive‑in doors for easy access and logistics.
