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Property profile & analytics
OFF-MARKET Estimated value $1,135,000
Strip malls

2665 Navarre Ave Oregon, OH 43616-3245

9,786 SF 2.23 ac lot Built 1957
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-1391126
Property summary
AI-generated overview

Exceptional development opportunity in Oregon, Ohio. This 19,887 square foot vacant shopping center, built in 1957, sits on a 2.3-acre lot and is listed at $1,800,000 ($90.51/sq ft). The property boasts 161 feet of frontage on Navarre Avenue, a major thoroughfare with 27,273 vehicles daily, offering excellent visibility and access. Additional access is provided via a roadway off S. Wheeling Street, which sees 11,578 vehicles daily and serves nearby businesses including Cedar Run Apartments, Chase Bank, Tim Horton's, and Arby's. The strategic location is directly across from St. Charles Hospital and near the I-280 interchange, ensuring high traffic volume and strong potential for tenant attraction. The existing multi-tenant retail building presents an opportunity for redevelopment or re-tenanting. The surrounding area demonstrates strong demographics, with 50,620 people and a $42,651 median household income within a 3-mile radius. This property offers significant potential for investors seeking a high-traffic retail location with redevelopment possibilities. The property includes land along Navarre Avenue and a potential median break to capture eastbound traffic.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1957
Total area 9,786 SF
Lot 2.23 ac (97,182 SF)
Zoning code 40-C2
APN 44-21274
UPID US66-1391126
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.14M
Owner & transaction history
7b Real Estate Bt Holdings LLC · 1 yrs held
7b Real Estate Bt Holdings LLC
since 2025
Last sale
$1.4M
5 recorded transactions
2025
Price N/A
2025
$1.4M
2021
Price N/A
2018
$1.3M
2015
Price N/A
Zoning & alternative use
40-C2 · Oregon, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.4M +77.4%
Medical building $990,000 +24.8%
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