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Property profile & analytics
OFF-MARKET Estimated value $6,010,000
Retail space

8239 Waterville Swanton Rd Waterville, OH 43566-9725

14,540 SF 3.77 ac lot Built 2014
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US66-4440966
Property summary
AI-generated overview

This 14,673-square-foot free-standing retail building, built in 2014, is situated on a 3.76-acre lot in Lucas County, Ohio. Located at 8239 Waterville-Swanton Road (Michigan Ave & Waterville Monclova Rd), this single-tenant property offers exceptional visibility and accessibility. Previously occupied by Rite Aid, it features a drive-thru and a prominent pylon sign. The property benefits from high daily traffic counts: 3,900 vehicles per day (VPD) on Waterville Monclova Road, 7,000 VPD on Waterville Swanton Road (also known as Michigan Avenue), and 24,000 VPD on nearby US Highway 24. Its location at a signalized intersection ensures high exposure. The surrounding area boasts a strong tenant mix, including a Kroger-anchored center, Key Bank, the YMCA, Edward Jones Investments, and Dollar General, indicating a thriving retail environment. The property's proximity to a mix of residential areas further enhances its appeal. This location presents a compelling opportunity for redevelopment or leasing in a prime retail area with easy access to major commuter routes and established businesses. The property is zoned for commercial use and has a Lucas County APN of 96-00122. The building is one story and includes one parking space. This is a truly exceptional opportunity for investors seeking a high-visibility retail location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Total area 14,540 SF
Lot 3.77 ac (164,047 SF)
Zoning code 39-C1
APN 96-00122
UPID US66-4440966
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CDReload - Online Bitcoin ATM Crypto Atm Atm
  • LifePointe Church-Waterville Church
  • Rite Aid Pharmacy
  • Coinhub Bitcoin ATM Teller Atm
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.36M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.01M
Owner & transaction history
Om Lex LLC · 5 yrs held
Om Lex LLC
since 2021
Last sale
$6.5M
4 recorded transactions
2021
$6.5M
2014
$5.2M
2013
$1.0M
2013
$300,000
Zoning & alternative use
39-C1 · Waterville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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