17 Gamble St Shelby, OH 44875-1507
Property Lookup
Property profile & analytics
17 Gamble St Shelby, OH 44875-1507
- Retail space
- 8,700 SF
- 0.34 lot acres
Property ID
US66-1978484
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 17 Gamble St
- Year built
- 1900
- Lot size
- 0.34 lot acres
- Property size
- 8,700 SF
- Property type
- Retail space
- APN
- 046-08-018-13-000
- APU
- 460801813000
Description
This exceptional investment opportunity features a 10,640-square-foot Dollar General grocery store in Shelby, Ohio. Located at 17 S Gamble St, 44875, this single-story building sits on a 0.34-acre lot and boasts a strong 7.72% cap rate. The property benefits from a triple-net (NNN) lease with a corporate guarantee, providing significant financial security. The current lease, with a remaining term of 4.6 years, includes two 5-year renewal options with 10% rent increases each. The tenant, Dollar General, is a publicly traded company (NYSE: DG) with an investment-grade credit rating of 'BBB' from S&P, demonstrating financial stability and consistent growth. The store has a long operating history at this location, exceeding 21 years, and consistently ranks in the top 14% of all Dollar General locations nationwide in terms of customer visits. The property's prime location in downtown Shelby, near OhioHealth Shelby Hospital and other national retailers such as Save-a-Lot, Subway, and McDonald's, ensures high visibility and consistent traffic. Shelby is currently undergoing a revitalization project, including the construction of a new Black Fork Commons Plaza, enhancing the area's appeal and attracting more visitors. This investment offers a compelling combination of strong tenant performance, a favorable lease structure, and a prime location within a growing community. The asking price is $630,000, translating to $59.21 per square foot. The property's NOI is $48,662. The lease commenced on January 28, 2002, and is set to expire on June 29, 2029.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $661,000
- AI Estimate
- $625,000
Market price range: $191k - $856kMarket price range: $189k - $823k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $525,000 Current use
- RESTAURANT
- $855,000 Change: +62% Conversion: Easy
- OFFICE BUILDING
- $610,000 Change: +16% Conversion: Easy
- MEDICAL BUILDING
- $515,000 Change: -2% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $485,000 Change: -8% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $445,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Shelby
- County
- Richland
- State
- Ohio
- Longitude
- -82.6614
- Latitude
- 40.8807
- CBSA code
- 31900
- CBSA name
- MANSFIELD, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,203
$5,710
$118,660
$124,370
-
$16,300
$339,040
$355,340
