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Property profile & analytics
OFF-MARKET Estimated value $1,765,000
Super regional malls

1241 Monroe NW St New Philadelphia, OH 44663-4139

24,491 SF 2.03 ac lot Built 1975
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US66-1175270
Property summary
AI-generated overview

This exceptional 1,300 square foot retail space, located at 1241 Monroe NW in New Philadelphia, Ohio, presents a fantastic leasing opportunity. Situated on a 2.034-acre lot, this single-story, Class B building was constructed in 1975 and offers a versatile layout ideal for a variety of businesses. The space includes a welcoming reception room, a comfortable waiting area, four private offices perfect for individual work or small teams, a spacious open bullpen area for collaborative work, a convenient breakroom, two restrooms, and ample storage. The property's convenient location in Tuscarawas County (APN 4306965002) provides excellent visibility and accessibility. A Net, Net, Net (NNN) lease is available at a rate of $2.95 per square foot per year, totaling $319.58 per month. This NNN fee encompasses real estate taxes, insurance, snow removal and salting, landscaping, exterior window maintenance, security lighting, and trash removal. The total monthly rent, inclusive of the NNN fee, is $1,294.58, plus utilities. This property is ready for immediate occupancy and offers a cost-effective solution for businesses seeking a well-maintained and functional space in a desirable location. The zip code is 44663.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1975
Total area 24,491 SF
Lot 2.03 ac (88,601 SF)
APN 43-06965.002
UPID US66-1175270
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.77M
Owner & transaction history
Monroe Plaza Oh LLC · 7 yrs held
Monroe Plaza Oh LLC
since 2018
3 recorded transactions
2022
Price N/A
2018
$900,000
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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