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Property profile & analytics
FOR LEASE
Strip malls
227 W Emmitt Ave Waverly, OH 45690
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-4922281
For Lease
1 / 2
Contact for pricing
227 W Emmitt Ave, Waverly, OH 45690
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Property summary
AI-generated overview
This exceptional 5,280 square foot retail space at 227 W Emmitt Avenue in Waverly, Ohio, is now available. Located at the intersection of W Emmitt Avenue and Victory, this single-tenant property boasts excellent street frontage and visibility. The property benefits from exceptionally high traffic counts, with over 25,000 vehicles passing daily, ensuring significant exposure for your business. The lot size is 0.27 acres, providing ample space for customer parking and potential expansion. The property's APN is 18-007800.0000. This is a fantastic opportunity for a business seeking a high-visibility location in a thriving community. The property is zoned for retail use and is ready for immediate occupancy. Its strategic location and high traffic volume make it an ideal space for a variety of retail businesses. Don't miss this chance to secure a prime retail location in Waverly, Ohio. Contact us today to schedule a showing and explore the possibilities. The property is located in Waverly, Ohio, zip code 45690.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
5,280 SF
Lot
0.27 ac (11,600 SF)
APN
18-007800.0000
UPID
US66-4922281
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
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Waverly Nails Nail Salon
-
First Check Cash Advance Check Cashing
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
227 West Emmitt Street LLC · 2 yrs held
227 West Emmitt Street LLC
since 2023
Last sale
$350,000
4 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 Waverly submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waverly 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,948
Tax year 2023
Assessed value
$84,390
Assessed 2023
Previous assessed
$65,030
+29.8% YoY
Effective rate
4.68%
On assessed value
Assessed land
$29,130
Assessed improvement
$55,260
Land market value
$83,230
Improvement market value
$157,890
Total market value
$241,120
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Stories
1
Units
1
Total area
5,280 SF
Lot
0.27 ac (11,600 SF)
APN
18-007800.0000
UPID
US66-4922281
Jurisdiction
PIKE
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
Stories
1
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
227 West Emmitt Street LLC
Entity
Mailing address
2908 TAYLOR BLAIR RD, WEST JEFFERSON, OH 43162-9735
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$350,000
227 West Emmitt Street LLC
Bert M Federici
Warranty Deed
$262,500 · Peoples Bank
Aug 11, 2014
$141,000
Pike County Recovery Council INC
William C Purpero
Warranty Deed
—
Aug 20, 2008
—
Bert M Federici
Crom Enterprises LLC
Quit Claim Deed
related
—
Nov 8, 2005
$285,000
Crom Enterprises LLC
Bert M Federici
Deed
—
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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