Versatile Retail/Flex Building on
955 North Main Street Urbana, OH 43078
955 North Main Street, Urbana, OH, 43078
$725,000
For Sale
$725,000
6,250 SF retail/flex building on 0.87-acre lot in Urbana, Ohio.
Property Size6,250 SF
Lot Size0.87 Acres
Price / SF$116
Days on Market113
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
- Year Built
- 1959
Listing agency
NAI Ohio Equities
(614) 296-3739
Listed by
Curt Berlin, SIOR · License #2023003870
(614) 296-3739
Source
Naiglobal
Added: Apr 1 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 8:35AM
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
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.
Local Financial Insights For Warehouse
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 | $40.1k | $6.41 |
| − Vacancy | −$3.4k | −$0.54 |
| EGI | $36.7k | $5.87 |
| − OpEx | −$5.5k | −$0.88 |
| NOI | $31.2k | $4.99 |
6,250 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$445.5K
$389.8K – $519.8K
NOI $31,186 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$366.9K
$321.0K – $428.0K
NOI $25,682 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$1.74M
$1.53M – $2.03M
NOI $122,032 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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 $725,000.
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.
