267 Wabash N Ave Brewster, OH 44613-1039
Property profile & analytics
267 Wabash N Ave Brewster, OH 44613-1039
- Outlet malls
- 7,800 SF
- 1.00 lot acres
Property ID
US66-0990583
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Family Dollar / Discount Store
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
Property Details for 267 Wabash N Ave
- Year built
- 2002
- Construction
- BRICK
- Lot size
- 1.00 lot acres
- Property size
- 7,800 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 70-01776
- APU
- 7001776
Description
This exceptional investment opportunity presents a 8,000 square foot storefront located at 267 Wabash Ave N, Brewster, OH 44613. Built in 2002, this single-story building boasts a strong 8.50% cap rate and a Net Operating Income (NOI) of $44,100, with an asking price of $518,900. The property is currently leased to Family Dollar Stores, Inc., a tenant with an S&P BBB credit rating, providing a corporate guaranty. The lease features a NNN structure and has 6.2 years remaining, with a built-in 17% rent increase scheduled for 2031. The current rent is easily replaceable at $5.51 per square foot. This prime location benefits from high traffic visibility, with direct access and frontage to 6,130 vehicles per day – the highest traffic count in Brewster. A significant competitive advantage exists due to the property's status as the only dollar store within a 6-mile radius. The property is directly adjacent to the Wheeling & Lake Erie Railway Company Headquarters, further enhancing its strategic location and potential. This is a rare opportunity to acquire a stable, high-performing retail investment in a desirable Ohio market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $650,000
- ML approach
- $635,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $734,000
Market price range: $261k - $753k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $685,000 Current use
- RESTAURANT
- $910,000 Change: +33% Conversion: Easy
- AUTO REPAIR, GARAGE
- $780,000 Change: +14% Conversion: Difficult
- MEDICAL BUILDING
- $710,000 Change: +4% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $670,000 Change: -2% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $610,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Brewster
- County
- Stark
- State
- Ohio
- Longitude
- -81.598
- Latitude
- 40.717
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,097
$83,690
$133,950
$217,640
-
$239,100
$382,700
$621,800
