Technical
Financial
Distress signals
Property profile

1700 W Park Sq Xenia, OH 45385

FOR LEASE
Grocery and convenience stores
Property ID
US66-2728750
48,523 SF 6.26 ac lot Built 1994
Individually Owned 4-yr Hold ~ Est. High Equity
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1700 W Park Sq, Xenia, OH 45385 For Lease
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1700 W Park Sq, Xenia, OH 45385
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Property summary

AI-generated overview

This exceptional retail property, W. Park Square Shopping Center, presents a compelling investment opportunity in the thriving Xenia, Ohio market. Located at 1700 W Park Square, Xenia, OH 45385, this single-story, 104,873 square foot shopping center boasts a prime location off Progress Drive, directly accessible from Business State Route 35 (W. Main Street). Built in 1994 and renovated in 2001, the center offers 14 suites, with 10,800 square feet currently available for lease. Spaces range from a minimum of 1,400 square feet to a maximum contiguous space of 3,000 square feet, providing flexibility for various retail concepts. The property benefits from ample parking with 596 spaces. This well-established center enjoys a strong tenant mix, including a Kroger anchor store, along with Rural King, Harbor Freight, Feeders Pet Supply, and Sally Beauty. Chipotle and Wright-Patt Credit Union are conveniently located in outparcel pads, further enhancing the center's appeal and drawing significant customer traffic. This is an excellent chance to acquire a piece of a successful, established retail center in a desirable location. The property offers immediate occupancy potential for businesses seeking high visibility and convenient access.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1994
Total area 48,523 SF
Lot 6.26 ac (272,729 SF)
APN M40-0001-0055.0-0003.00
UPID US66-2728750

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
  • Pharmacy
  • Physician
  • Bank Credit Union
  • Atm
  • Bank Credit Union

Location

1700 W Park Sq Xenia, OH 45385
Xenia metro Census 240200 DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.05M
Comparable Approach Comparable
$5.67M
Blend (final) Blend
$5.57M

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
2022
Price N/A
2022
$7.2M
2019
Price N/A
2014
Price N/A
2013
$4.2M

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
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