2511 Oregon Rd, Northwood, OH 43619-1001
- Retail space
- 19,200 SF
- 2.57 lot acres
Current Use by Public Records
- Retail space
Property Details for 2511 Oregon Rd
- Year built
- 1996
- Lot size
- 2.57 lot acres
- Property type
- Retail space
- APN
- M50-300-2400-00-008.000
- APU
- M50300240000008000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 8, 2025 | $2,300,000 | Garfield Tc Centre LLC | Aama Plaza LLC | Warranty Deed | $1.7M · The Croghan Colonial Bank |
| Jun 15, 2022 | $2,300,000 | Aama Plaza LLC | Midland Agency Of Northwest Ohio In | Fiduciary Deed | $1.7M · The Croghan Colonial Bank |
| Oct 20, 2021 | — | Midland Agency Of Northwest Ohio In | 2511 Oregon LLC | Quit Claim Deed · related | — |
| Jul 12, 2018 | — | 2511 Oregon LLC | — | Deed · related | $1.5M · Waterford Bk NA |
| Aug 17, 2015 | $139,900 | 2511 Oregon LLC | Cb 2011 Ohio & Michigan Retail LLC | Limited Warranty Deed | $900k · Waterford Bank NA |
| Oct 3, 2013 | — | Cb 2011 Ohio | Northwood Meadows Plaza Lllc | Warranty Deed · related | — |
| Apr 10, 2006 | $2,500,000 | Northwood Meadows Plaza LLC | Port Lawrence Title & Trust C | Warranty Deed | $2M · Citizens Federal Bank Fsb |
| Jan 4, 2006 | — | Port Lawrence Title & Trust Co | Green Days LLC | Warranty Deed | — |
| — | — | Tolson,harvey A & Constance L | — | Deed Of Trust · related | $860k · National Cty Bk |
| — | — | Tolson,harvey A | — | Deed Of Trust · related | $3.2M · National Cty Bk |
| — | — | Green Days LLC | — | Deed Of Trust · related | $6.1M · Sky Bk |
| — | — | 2511 Oregon LLC | — | Loan Modification · related | $1.5M · Waterford Bk NA |
Description
This exceptional, fully occupied 19,200 square foot Class A shopping center in Northwood, Ohio, presents a compelling investment opportunity. Boasting 10 tenants, including a mix of local favorites and national brands such as Jimmy John's and Pico's Sports Bar, this stabilized property offers a 7.56% cap rate. Built in 1996 and extensively renovated in 2024, the single-story building features ample parking (98 spaces) and excellent visibility at the signalized intersection of Wales Road and Oregon Road. The property benefits from a prime location less than a quarter-mile from the I-75 interchange, providing easy access to major employers and Owens Community College. With 570 feet of corner frontage and marquee signage, this center enjoys high traffic visibility. The triple-net (NNN) lease structure minimizes landlord responsibilities, while built-in rent escalations for several tenants offer significant upside potential. The property's strong tenant mix, high occupancy rate, and strategic location make it an ideal addition to any investment portfolio. Additional information about Northwood, Ohio, is available at growinnorthwood.com. The asking price is $2,400,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,155,000
- ML approach
- $3,150,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,119,000
- AI Estimate
- $2,939,000
Market price range: $930k - $3.12MMarket price range: $699k - $2.94M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,920,000 Current use
- RESTAURANT
- $3,940,000 Change: +105% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,425,000 Change: +26% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,255,000 Change: +17% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $1,980,000 Change: +3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Northwood
- County
- Wood
- State
- Ohio
- Longitude
- -83.5377
- Latitude
- 41.6084
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
