Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Space For Sale Title is generated by Realmo AI

    209-229 Winchester Cemetery Rd, Canal Winchester, OH 43110

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Prime location suitable for retail, healthcare, auto shops.

    Type:Retail
    Added:
    Aug 19, 2024
    Days on Market:
    651
    Last Refresh:
    May 12 at 9:57 pm

    Property Features for 209-229 Winchester Cemetery Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Austin Loconti
    Austin Loconti

    Listing agent Austin Loconti License #SAL 2017000328

    Listing office Passov Real Estate Group

    Listing date Aug 19, 2024

    Source Crexi

    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 Passov Real Estate Group

    HighLights

    • New OhioHealth medical campus opening in 2025 directly across from the property.
    • Prime location in a vibrant suburban area with excellent visibility and accessibility.
    • High traffic area with 28,000 cars per day off of US 33.
    • 157’ of frontage off of US 33.
    • Versatile commercial space suitable for pet‑related retail, health care, auto shops, and hardware stores.
    • Located near major highways and busy intersections.

    Overview

    This versatile commercial space is situated in a vibrant suburban area, offering excellent visibility and accessibility. The location benefits from high traffic, with 28,000 cars per day passing by on US 33. The property features 157 feet of frontage on US 33. It is suitable for various businesses, including pet-related retail, healthcare, auto shops, and hardware stores. An OhioHealth medical campus is currently under construction directly across from the property. This 40,000 square foot facility will offer primary and emergency care services and is scheduled to open in 2025.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8188864
    Latitude
    39.8548523

    Nearby Similar for Sale

    • $7,800,000
      35,379 SF

      Retail Property in Canal Winchester

      35,379 SF retail property available for sale.
      18-33 W Waterloo St, Canal Winchester, OH
      View Details
    • Contact for pricing

      Cross-Dock Distribution Facility Available

      Distribution facility with modern utilities in Southeast Columbus market.
      6085 Winchester Pike, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      10,250 SF

      Modern Medical Office Investment Opportunity

      Fully leased medical office building in growing Columbus, Ohio area.
      7750 Diley Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      527,023 SF

      Class A Logistics Facility

      527,023 SF logistics facility in high-growth Columbus market.
      6085 Winchester Pike, Canal Winchester, OH
      View Details
    • Contact for pricing
      209,632 SF

      Warehouse with Class A Office

      90,165 SF suite available for lease or sale.
      10013 Busey Rd, Canal Winchester, OH
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime location suitable for retail, healthcare, auto shops.
    Where is this retail space located?
    The property is located at 209-229 Winchester Cemetery Rd Canal Winchester, OH.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: New OhioHealth medical campus opening in 2025 directly across from the property.; Prime location in a vibrant suburban area with excellent visibility and accessibility.; High traffic area with 28,000 cars per day off of US 33.
    (216) 970-5122 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Austin Loconti
    Austin Loconti
    Real Estate License ID: SAL 2017000328
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    209-229 Winchester, Cemetery Rd, Canal Winchester, OH 43110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!