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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Retail space
220 3rd St Wellsville, OH 43968-1660
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2036348
Property summary
AI-generated overview
This 7,680 square foot vacant storefront, located at 220 3rd St, Wellsville, OH 43968, presents a unique investment opportunity. The property, built in 1993, sits on a 0.75-acre lot and boasts a prime corner location at the intersection of 3rd and Broadway Streets. Currently available for sale at $1,300,000 or lease at $12 per square foot plus NNN, this single-tenant building offers significant potential for redevelopment. Its previous use as a drugstore makes it ideally suited for conversion to other retail or healthcare uses. The property benefits from a strong location, with proximity to East Liverpool City Hospital (130 acute beds, 4 miles away) and a surrounding area with an average household income exceeding $54,373 within a one-mile radius. The building is vacant, offering immediate occupancy for a new tenant or owner-operator. This is a net lease property with no existing tenant credit rating. The property's size and location make it an attractive option for a variety of businesses seeking a high-visibility storefront in a well-established community. The building is a free-standing structure, providing ample space and flexibility for future development.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Total area
8,174 SF
Lot
0.63 ac (27,608 SF)
APN
84-01955-000
UPID
US66-2036348
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rite Aid Pharmacy Pharmacy
-
Kimberly Mollick, RPH Pharmacy
-
Rite Aid Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.54M
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
33 Twin Ave Corp · 4 yrs held
33 Twin Ave Corp
since 2022
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wellsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,595,000
ML approach
$1,535,000
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.80M (Mar 28 2022)
Last sale anchor
$1.80M
Mar 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$190 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,581
Tax year 2023
Assessed value
$162,510
Assessed 2023
Previous assessed
$162,510
+0.0% YoY
Effective rate
5.90%
On assessed value
Assessed land
$9,170
Assessed improvement
$153,340
Land market value
$26,200
Improvement market value
$438,100
Total market value
$464,300
Applied tax rate
84.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Heating
YES
Stories
1
Total area
8,174 SF
Lot
0.63 ac (27,608 SF)
APN
84-01955-000
UPID
US66-2036348
Jurisdiction
COLUMBIANA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1993
Heating
YES
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
33 Twin Ave Corp
Entity
Free & Clear · 4 yrs held
Mailing address
285 N RTE 303, CONGERS, NY 10920-1413
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$1,800,000
33 Twin Ave Corp
220 Third St LLC
Limited Warranty Deed
—
Dec 29, 2021
$1,562,500
220 Third St LLC
Rite Aid Of Ohio INC
Limited Warranty Deed
$9,700,000 · Rite Aid Orlo 1 Funding LP
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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