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Property profile & analytics

267 Wabash N Ave Brewster, OH 44613-1039

  • Outlet malls
  • 7,800 SF
  • 1.00 lot acres
OFF-MARKET
Value Estimation
$610,000
Last Sale
Feb 07, 2025
$475,000
Location Intelligence
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.

Current Use by Public Records

  • Family Dollar / Clothing Store / Toy Store
  • Redbox / Movie Rental Kiosk / Dvd 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
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 Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $650,000
  • CAP approach

    CAP return
    Estimation
    6%
    $540,000
    6.5%
    $530,000
    7%
    $550,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $445,000
    Geo Method
    $550,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $575,000
    Retail
    $585,000
    Mixed-Use
    $510,000
    Hospitality
    $550,000
    Educational
    $470,000
    Residential Income
    $565,000
    Energy
    $480,000
    Income-Based Land
    $570,000
    Food Service
    $505,000

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
More about this property
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