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Property profile

219 Milan Ave Norwalk, OH 44857

OFF-MARKET
Car washes
Property ID
US66-1467744
3,066 SF 0.71 ac lot Built 1997
Entity Owned Free & Clear

Property summary

AI-generated overview

This exceptional 0.71-acre commercial outlot presents a unique investment opportunity in the thriving retail heart of Norwalk, Ohio. Strategically located directly in front of a Walmart Supercenter, this property boasts unparalleled visibility and accessibility. The site is zoned to accommodate a wide range of commercial uses, including retail, restaurants, drive-thrus, and automotive businesses. This prime location benefits from high traffic counts and a strong customer base drawn to the surrounding retail anchors. Nearby establishments include ALDI, Chipotle, Dunkin', Arby's, KFC, McDonald's, and numerous other popular restaurants and retailers. The surrounding area demonstrates significant economic strength, with an average household income exceeding $76,851 within a 5-mile radius and a population of 26,981 within the same proximity. This property is ideal for developers seeking a high-traffic location with excellent visibility or businesses looking for a build-to-suit opportunity in a densely populated and affluent area. The ground lease option provides flexibility for investors seeking passive income, while the build-to-suit option allows for customized development to meet specific business needs. Don't miss this chance to secure a premier commercial location in a rapidly growing market.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1997
Total area 3,066 SF
Lot 0.71 ac (31,015 SF)
APN 33-003N-04-001-0300
UPID US66-1467744

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
  • Car Wash

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2025
$765,000
2012
$171,071

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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