Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    615 Walnut St East Liverpool, OH 43920
    Back to Search
    Property profile & analytics

    615 Walnut St East Liverpool, OH 43920

    View on Map
    • Retail properties & Spaces
    • 13,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 615 Walnut St

    Property size
    13,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional multi-tenant retail building in East Liverpool, Ohio, offers a total of 13,000 square feet of versatile commercial space at 615 Walnut Street, zip code 43920. The property features two suites, with a minimum divisible space of 3,818 square feet and a maximum contiguous space of 13,000 square feet, providing flexibility for various business needs. Currently, the entire building is available for lease. A significant portion, 9,180 square feet, underwent a complete renovation in late 2022 and is currently occupied by a tenant under a lease extending until January 31, 2032. This leaves an additional 3,818 square feet of contiguous space immediately available for lease. The property's location in East Liverpool offers excellent visibility and accessibility, making it an ideal opportunity for businesses seeking a prominent presence in a thriving community. The building's adaptable layout caters to a range of retail, restaurant, or office uses, presenting a unique chance to establish or expand your business in a well-maintained and recently updated space. The property is situated at 40.6205838 latitude and -80.5772605 longitude. Inquire today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Liverpool
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.5773
    Latitude
    40.6206

    Comparable in this City

    • Value Estimation by Request
      2,974 SF

      16848 St Clair Ave

      Individual retail properties • 2,974 SF
      16848 St Clair Ave, East Liverpool, OH 43920
      View Details
    • Value Estimation by Request

      15937 Oh-170

      Office Spaces
      15937 Oh-170, Calcutta, OH 43920
      View Details
    • Value Estimation by Request
      11,352 SF

      614 Bradshaw Ave

      Office Spaces • 11,352 SF
      614 Bradshaw Ave, East Liverpool, OH 43920
      View Details
    • Value Estimation by Request
      1,500 SF

      620 St Clair Ave

      Retail properties & Spaces • 1,500 SF
      620 St Clair Ave, East Liverpool, OH 43920
      View Details
    • Value Estimation by Request
      67,265 SF

      16820 Dresden Ave

      Neighborhood centers • 67,265 SF
      16820 Dresden Ave, East Liverpool, OH 43920
      View Details
    • Value Estimation by Request
      4,251 SF

      49150 Calcutta-Smith Fry Rd

      Automotive properties • 4,251 SF
      49150 Calcutta-Smith Fry Rd, Calcutta, OH 43920
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,288 SF

      Redevelopment Property with Redevelopment Potential

      Redevelopment property suitable for office, retail, or multifamily use.
      115 W 5Th St, East Liverpool, OH 43920
      View Details
    • $350,000
      4,252 SF

      East Liverpool Commercial Redevelopment Opportunity

      Versatile commercial building in East Liverpool's historic downtown.
      530 Broadway St, East Liverpool, OH 43920
      View Details
    • $550,000
      Pending

      Calcutta Retail Opportunity For Sale

      13,095 SF retail building in Calcutta's Business District.
      16088 Oh-170, Calcutta, OH 43920
      View Details
    • Contact for pricing
      12,406 SF

      Retail Space For Sale

      12,406 SF retail space with 8.25% CAP.
      1363 Pennsylvania Ave, East Liverpool, OH 43920
      View Details
    • $299,000

      East Liverpool Commercial Property For Sale

      Commercial property for sale in East Liverpool, Ohio.
      112 W 4Th St, East Liverpool, OH 43920
      View Details
    • Contact for pricing
      0.50 Acres

      Land in East Liverpool, OH

      Commercial land available for sale in East Liverpool, Ohio.
      3186 Forest Hills Dr, East Liverpool, OH 43920
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,716 SF

      East Liverpool Retail Space

      Retail property available for lease in East Liverpool, OH.
      170 Sr, East Liverpool, OH 43920
      View Details
    • Contact for pricing
      6,109 SF

      Retail Space in Summit Square

      Retail space available in established shopping center near major highway.
      16280 Dresden Ave, E Liverpool, OH 43920
      View Details
    • Contact for pricing
      1,290 SF

      Retail Space with Plumbing

      Former hair salon with plumbing and ample parking.
      2290 Saint Clair Ave, East Liverpool, OH 43920
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space on State Route

      Retail property with high traffic count and signage.
      15765 State Route 170 E, East Liverpool, OH 43920
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in East Liverpool, Ohio.
      15849 State Route 170, East Liverpool, OH 43920
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in East Liverpool, Ohio.
      15765 State Route 170, East Liverpool, OH 43920
      View Details
    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.
    615 Walnut St
    East Liverpool, OH 43920
    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
    615 Walnut St, East Liverpool, OH, 43920
    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!