Property profile

1950 Main St Lancaster, OH 43130

OFF-MARKET
Retail space
Property ID
US66-3960307
10,904 SF 2.12 ac lot Built 2015
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of a 10,640-square-foot commercial building constructed in 2015 and originally built as a build-to-suit for Dollar General. It is located within the Columbus, Ohio MSA. The building is configured for an NNN-style leasing structure, with the lease characterized as absolute NNN and corporately guaranteed by Dollar General Corporation. The surrounding area includes national retail and restaurant tenants such as Tractor Supply, Kroger, Dairy Queen, Tim Hortons, and Chipotle.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2015
Total area 10,904 SF
Lot 2.12 ac (92,347 SF)
APN 053-50042.30
UPID US66-3960307

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
  • Bank Credit Union
  • Discount Store

Location

1950 Main St Lancaster, OH 43130-9302
Lancaster metro Census 31300 COLUMBUS, 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
$1.45M
Blend (final) Blend
$425k

Owner & transaction history

since 2025
Last sale
$1.3M
4 recorded transactions
2025
$1.3M
2016
$1.5M
2014
Price N/A
2014
$185,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.2M +11.0%

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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