Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16 Township Road 1429 South Point, OH 45680
    Back to Search
    Property profile & analytics

    16 Township Road 1429 South Point, OH 45680

    View on Map
    • Retail properties & Spaces
    • 2,500 SF
    • 0.81 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 16 Township Road 1429

    Year built
    2024
    Lot size
    0.81 lot acres
    Property size
    2,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents a brand-new, 2,500-square-foot Starbucks located at 16 Township Rd 1429, South Point, OH 45680. Built in 2024, this single-tenant, free-standing building sits on a 0.81-acre lot and boasts a 10-year net lease with Starbucks, commencing September 1, 2024, and expiring August 31, 2034. The lease includes four, five-year renewal options with a 10% rent increase every five years. The property's strong location, adjacent to a new ALDI and surrounded by national and regional retailers, ensures high visibility and traffic. With a current NOI of $165,000 and a 6.40% cap rate, this property offers a compelling passive income stream for investors. The asking price is $2,578,125, translating to $1,031.25 per square foot. The property is a fee-simple ownership and features a 100% occupancy rate. The high traffic count of approximately 30,000 vehicles per day further enhances the investment potential. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a strong tenant and significant long-term growth potential. The property's APN is 06-124-1700.000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Point
    County
    Lawrence
    State
    Ohio
    Longitude
    -82.5114
    Latitude
    38.416

    Comparable in this City

    • Value Estimation by Request
      3,497 SF

      103 Co Rd

      Restaurants • 3,497 SF
      103 Co Rd, South Point, OH 45680
      View Details
    • Value Estimation by Request
      2,800 SF

      Franchise for Sale Earning Owner Operator over $100 000 Pt

      Restaurants • 2,800 SF
      Franchise for Sale Earning Owner Operator over $100 000 Pt, South Point, OH 45680
      View Details
    • Value Estimation by Request
      20,664 SF

      330 Co Rd

      Individual retail properties • 20,664 SF
      330 Co Rd, South Point, OH 45680
      View Details
    • Value Estimation by Request
      12.00 Acres

      354 Pvt Dr

      DEPARTMENT STORE • 12.00 Acres
      354 Pvt Dr, South Point, OH 45680
      View Details
    • Value Estimation by Request
      0.59 Acres

      385 County Rd 406

      DEPARTMENT STORE • 0.59 Acres
      385 County Rd 406, South Point, OH 45680-8988
      View Details
    • Value Estimation by Request
      4.38 Acres

      104 Pvt Dr 288th State Route

      DEPARTMENT STORE • 4.38 Acres
      104 Pvt Dr 288th State Route, South Point, OH 45680
      View Details

    Similar Nearby for Sale

    • $372,500
      7,192 SF

      South Point Retail Opportunity

      High-visibility retail space in South Point, Ohio.
      411 Solida Rd, South Point, OH 45680
      View Details
    • Contact for pricing
      2,577 SF

      Retail Space in Active Corridor

      Retail space available in an active development corridor.
      330 County Road 276, South Point, OH 45680
      View Details
    • $69,900
      3.61 Acres

      South Point Residential Land

      3.61 acres of land ready for your dream home.
      66 County Road 30, South Point, OH 45680
      View Details
    • $40,000
      Pending

      Residential Lot in South Point

      Subdivision lot available in South Point, Ohio.
      Orchard Dr, South Point, OH 45680
      View Details
    • Contact for pricing
      0.15 Acres

      Residential Lot in South Point

      Residential lot ready for construction with city utilities.
      116 Ashland Dr, South Point, OH 45680
      View Details
    • $225,000
      15.37 Acres

      South Point Mini-Farm For Sale

      Mini-farm on 15+ acres, perfect for livestock or retreat.
      1676 Township Road 161, South Point, OH 45680
      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.
    16 Township Road 1429
    South Point, OH 45680
    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
    16 Township Road 1429, South Point, OH, 45680
    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!