Retail or Office Space
For Sale
Contact for pricing
9750 Clark Dr, Rossford, OH 43460
13,905 SF retail or office space with great exposure.
Property Size13,905 SF
Lot Size2.75 Acres
Price / SF$118.66
Days on Market1528
Property Features for 9750 Clark Dr
General Information
Standard status
Active
Size
13,905 SF
Lot size
2.75 Acres
Property subtype
Office
Building Details
Year Built
2003
Buildings
1
Stories
1
Listing Agency:
JLL - Detroit/Royal Oak, Michigan
Listed By:
Christopher DiSalle · License #MI 0000385569
Source:
Crexi
Added: Jul 1, 2022
Changed: Aug 21
Last Checked: Sep 3 at 11:23AM
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 JLL - Detroit/Royal Oak, Michigan
Investment Insights
Based on property information with market context.
This property, constructed in 2003, offers 13,905 square feet of retail or office space on a 2.75-acre lot. The site benefits from high visibility, with over 100,000 vehicles passing by daily due to its exposure to I-75 and I-80/90. It features 57 parking spaces and the potential to expand the square footage into the existing parking lot. The location provides easy access to the Ohio Turnpike (I-80/90), I-75, and SR 795. A traffic light provides access to the property, which is situated near a Bass Pro Shop and a new Amazon fulfillment center. Additionally, the property is adjacent to five hotels and benefits from a sign variance.
Key Highlights
- High Traffic Volume: Benefit from exceptional exposure with over 100,000 vehicles passing daily.
- Excellent Accessibility: Enjoy easy access to I‑75, I‑80/90 (Ohio Turnpike), and SR 795.
- Expansion Potential: Able to expand square footage into the existing parking lot.
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
$54,944
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
3.33%
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%
$1,098,880
$1.1M
Cap Rate 7%
$784,914
$784.9K
Cap Rate 9%
$610,489
$610.5K
Market Conditions
NOI Build-Up for 13,905 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
$81.8K $5.88/SF
− Vacancy
−$3.3K −$0.24/SF
EGI
$78.5K $5.64/SF
− OpEx
−$23.5K −$1.69/SF
NOI
$54.9K $3.95/SF
Area
Wood County, OH
Vacancy
4.00%
Lease Rate
$5.88 /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%
$1,098,880
Cap Rate 7%
$784,914
Cap Rate 9%
$610,489
Alternative Uses
Best Use
Retail
$784.9K
$686.8K – $915.7K
NOI $54,944 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,716 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Courtyard Toledo Rossford/Perrysburg
Hotels & Casinos
5,139 visits/mo
0.2 miles
Hampton Inn & Suites Toledo-Perrysburg
Hotels & Casinos
2,827 visits/mo
0.1 miles
Staybridge Suites Toledo - Rossford - Perrysburg
Hotels & Casinos
1,937 visits/mo
0.0 miles
Demographics for 43460, OH
6,230
Population
2,753
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
2,396
Density / Sq Mi
$70,547
Median Household Income
$49,105
Median Earnings
$854
Median Rent
$172,000
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?
Retail space - 13,905 SF retail or office space with great exposure.
Where is this retail space located?
The property is located at 9750 Clark Dr Rossford, OH.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High Traffic Volume: Benefit from exceptional exposure with over 100,000 vehicles passing daily.; Excellent Accessibility: Enjoy easy access to I‑75, I‑80/90 (Ohio Turnpike), and SR 795.; Expansion Potential: Able to expand square footage into the existing parking lot.
