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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1541 River Valley Cir Lancaster, OH 43130

23,484 SF 3.24 ac lot Built 1998
Property ID
Property summary
AI-generated overview

This exceptional 23,484 square foot storefront property, located at 1541 River Valley Cir N in Lancaster, Ohio (43130), presents a compelling investment opportunity. Currently 100% occupied by OfficeMax under a Net Net (NN) lease expiring August 31, 2028, this single-tenant property boasts a substantial remaining lease term of approximately 3.8 years. The asking price is $3,522,600, translating to a price per square foot of $150. Built in 1998, the single-story building sits on a 3.24-acre lot and generates a Net Operating Income (NOI) of $246,582. The property benefits from its location in a high-profile retail corridor, ensuring strong visibility and consistent traffic. The long-standing history of OfficeMax at this location demonstrates the site's enduring appeal and market stability. This is an ideal investment for those seeking a stable, income-producing asset with a strong tenant and significant remaining lease term in a desirable retail location. The property's size and location make it a prime candidate for long-term growth and potential future appreciation.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1998
Total area 23,484 SF
Lot 3.24 ac (141,134 SF)
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
  • OfficeMax (Bike/Boat/Book/etc) Store
  • OfficeMax Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
  • OfficeMax Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
  • FedEx Drop Box Postal Service Courier Service
  • FedEx ShipSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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