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    St Marys Ave Sidney, OH 45365
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    St Marys Ave, Sidney, OH 45365

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    • Retail properties & Spaces
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 St Marys Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 132-acre mixed-use development in Sidney, Ohio, presents a compelling investment opportunity. Anchored by Wilson Health, this thriving project boasts 33 acres of new retail outlots zoned CC Corridor Commercial, and 17.64 acres dedicated to new multi-story medical space. Construction is underway, with site work and roadways already complete. A multi-tenant building offers 1,770 square feet of inline space and 2,027 square foot endcaps, with drive-thru potential. McDonald's has signed a lease (subject to due diligence), and Sheetz and Dunkin' are coming soon. The development actively seeks tenants including drug stores, banks, restaurants (sit-down, quick-service, and fast food), grocery stores, retail businesses, and automotive services. Properties are available for sale, ground lease, or build-to-suit arrangements. Strategically located at the high-traffic I-75 and St. Mary's Avenue interchange, the site enjoys visibility to 51,693 vehicles daily. Sidney's robust economic growth is fueled by its prime location and access to I-75. This is a rare chance to be part of a rapidly expanding community in a premier location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sidney
    County
    Shelby
    State
    Ohio
    Longitude
    -84.1718
    Latitude
    40.3105

    Comparable in this City

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      0.50 Acres

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      9.20 Acres

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      3,289 SF

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      $1,200,000
      5,056 SF

      1015 Fair Rd

      MEDICAL BUILDING
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      Land For Sale

      Land available for sale.
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      6,069 SF

      Retail Property For Sale

      Retail property with attractive rental increases for sale.
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    • $700,000
      3,024 SF

      Versatile Commercial Property in Sidney

      3,000 SF commercial space on 1.41-acre corner lot.
      1441 Saint Marys Ave, Sidney, OH 45365
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    • $199,900
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      Versatile Commercial Space in Sidney

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      23,645 SF

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      23,645 SF Class A flex space for sale.
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      21,587 SF

      Downtown Sidney Bank Building

      Bank building with drive-thru, great visibility in downtown Sidney.
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      Historic Ohio Building Retail Space

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      Retail property available for lease in Sidney, Ohio.
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      Retail Spaces with Drive-Thru Available

      New retail spaces with drive-thru in mixed-use development.
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      50,000 SF

      Versatile Industrial Property with Storage

      Industrial property featuring heavy power, outside and cold storage.
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    • $3,500 /Mo
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      Versatile Commercial Office Space Available

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      7,450 SF

      Remodeled Office Space For Lease

      Newly remodeled office space in a rapidly growing area.
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    St Marys Ave
    Sidney, OH 45365
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    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
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