Technical
Financial
Distress signals
Property profile

152 Columbus Ave Sandusky, OH 44870

FOR LEASE
Retail space
Property ID
US66-2144824
26,644 SF 0.16 ac lot Built 2020
Individually Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The Hogrefe Building, a stunning 2022-built, three-story structure, offers exceptional commercial space in the heart of downtown. Boasting 7,090 total square feet, this multi-purpose property is currently divided into four separate units, each with prime Columbus Avenue frontage. Units range from a minimum of 1,027 square feet to a maximum contiguous space of 3,243 square feet, with a substantial 6,220 square feet currently vacant and available. The flexible layout allows for customization to suit a variety of needs, making it ideal for executive offices, medical offices, creative office spaces, retail establishments, or entertainment venues. The building's versatile design allows for the combination of multiple units to create larger spaces, catering to businesses requiring more extensive footprints. Public parking is conveniently located in a garage across Market Street. This exceptional location on Columbus Avenue provides unparalleled visibility and accessibility, representing a rare opportunity to secure a highly desirable commercial space in a thriving downtown area. The building's modern design and prime location make it an attractive option for businesses seeking a prestigious address and a functional, adaptable workspace. This is a unique chance to establish a presence in one of the most sought-after commercial corridors in the city.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2020
Total area 26,644 SF
Lot 0.16 ac (7,057 SF)
APN 56-00527-000
UPID US66-2144824

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Property Management Company

Location

152 Columbus Ave Sandusky, OH 44870
Sandusky metro Census 40802 SANDUSKY, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.75M
Blend (final) Blend
$3.69M

Owner & transaction history

since 2022
Last sale
$4,000
6 recorded transactions
2022
$4,000
2022
Price N/A
2021
Price N/A
2021
Price N/A
2017
Price N/A
2017
$460,000

Zoning & alternative use

Top alternative use upside
Restaurant $4.1M +50.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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