Property profile

1800 Tiffin Ave Findlay, OH 45840

OFF-MARKET
Community centers
Property ID
US66-6139444
81,032 SF 3.02 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Findlay, Ohio shopping center presents a compelling investment opportunity. Boasting 76,549 square feet, the property is 100% occupied by three national credit tenants (Best Buy, Michaels, and Michaels) under corporate guarantees, with a weighted average lease term of nearly 8 years (expiring 3/1/2032). The center enjoys a strong 8.01% cap rate and a substantial NOI of $504,764, based on an asking price of $6,300,000 ($82.30/sq ft). Built in 1962 and renovated in 1990, the single-building property sits on a 28.87-acre lot at a prime location on Tiffin Avenue, benefiting from high visibility and strong signage. The center is strategically positioned in a high-income area (average household income $105,097 within a 5-mile radius) and surrounded by major retailers, including Hobby Lobby, Gabe's, Harbor Freight, Kroger, and more. A recent approval for a significant retail development nearby is expected to further enhance the center's performance. The ample parking lot also presents a potential outlot development opportunity. This property offers a rare combination of strong tenancy, long-term leases, and significant upside potential.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1990
Total area 81,032 SF
Lot 3.02 ac (131,464 SF)
APN 210001032422
UPID US66-6139444

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
  • Clothing & Fashion Store
  • Clothing & Fashion Store
  • Restaurant
  • (Bike/Boat/Book/etc) Store Bakery
  • Electronics Vending Machine Atm

Location

1800 Tiffin Ave Findlay, OH 45840-6789
Findlay metro Census 600 FINDLAY, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.07M

Owner & transaction history

since 2022
Last sale
$6.8M
2 recorded transactions
2022
$6.8M
2021
$2.9M

Zoning & alternative use

Top alternative use upside
Commercial (general) $9.5M +266.7%
Restaurant $9.2M +255.2%
Medical building $8.3M +220.1%

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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