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Property profile & analytics
FOR LEASE
Retail residential properties
26 W Waterloo St Canal Winchester, OH 43110
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-5534321
For Lease
1 / 20
$28 SF/Yr
26 W Waterloo St, Canal Winchester, OH 43110
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Property summary
AI-generated overview
This exceptional 7,000 square foot special purpose property, located at 26 & 28 W Waterloo Street in historic downtown Canal Winchester, Ohio (43110), presents a unique leasing opportunity. The single-tenant building sits on a lot with an APN of 184-000162-00 and is conveniently situated near W Mound Street. The property offers a blend of charming architectural details and modern amenities, making it suitable for a variety of businesses. Canal Winchester's vibrant downtown area boasts high foot traffic and excellent visibility, providing significant exposure for any tenant. The town's thriving economy, supported by a strong local community and regular events, attracts both residents and tourists, creating a dynamic and supportive business environment. Canal Winchester is experiencing controlled growth, with new residential and commercial developments contributing to its expanding economy while preserving its historical character and community focus. This property offers a chance to establish a presence in a flourishing and attractive Ohio town. The property consists of one suite. Further details are available upon request.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2020
Total area
23,199 SF
Lot
0.58 ac (25,047 SF)
APN
184-000162
UPID
US66-5534321
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
-
Good Nursing Care Inc Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.62M
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$3.72M
Owner & transaction history
Canal Winchester Ind & Cmrc Co · 7 yrs held
Canal Winchester Ind & Cmrc Co
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+64.3%
Neighborhood: shopping center
$3.8M
+63.4%
Medical building
$3.5M
+49.8%
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 Canal Winchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canal Winchester 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,915,000
6.5%
$3,615,000
7%
$3,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,330,000
Current use
AUTO REPAIR, GARAGE
$3,825,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,805,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$3,490,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,365,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$3,190,000
Change: +37% · Conversion: Easy
RETAIL STORES
$2,900,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$3.72M
Range $3.35M – $4.09M · ±10%
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
$160 / 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
$13,970
Tax year 2023
Assessed value
$1,500,280
Assessed 2023
Previous assessed
$997,750
+50.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$178,330
Assessed improvement
$1,321,950
Land market value
$509,500
Improvement market value
$3,777,000
Total market value
$4,286,500
Applied tax rate
184.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 residential properties
Use group
STORES & APARTMENTS
Status
For Lease
Year built
2020
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Rooms
8
Bathrooms
2
Total area
23,199 SF
Lot
0.58 ac (25,047 SF)
APN
184-000162
UPID
US66-5534321
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Rooms
8
Bathrooms
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Canal Winchester Ind & Cmrc Co
Entity
Free & Clear · 7 yrs held
Mailing address
45 E WATERLOO ST, CANAL WINCHESTER, OH 43110-2101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2020
—
Trine Fairfield LLC
—
Deed
related
$4,200,000 · Mutual Fed'l
May 2, 2019
—
Canal Winchester Ind & Cmrc Co
City Of Canal Winchester Ohio
Quit Claim Deed
—
Sep 7, 2017
—
Two Elk LLC
Zimmerman,kandace P
Quit Claim Deed
related
—
Sep 7, 2017
$144,000
City Of Canal Winchester
Two Elk LLC
Warranty Deed
—
Jun 8, 2004
—
Two Elk LLC
Zimmerman,m D
Grant Deed
$90,000 · Commerce Bank
Nov 20, 2003
$90,000
M D Zimmerman
Prompt Private Nursing Care In
Trustees Deed
—
—
—
Trine Fairfield LLC
—
Loan Modification
related
$4,200,000 · Mutual Fed'l
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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