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Property profile & analytics

2825 Progress Way Wilmington, OH 45177-7710

  • Outlet malls
  • 201,738 SF
  • 24.07 lot acres
OFF-MARKET
Last Sale
Mar 22, 2021
Value Estimations
$12,640,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US66-3526882
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

  • Primo Water Refill & Exchange / Big Box & Wholesale Store
  • Western Union / Bank / Credit Union
  • Megan Sargent / Pharmacy
  • Guobin Jiang / Pharmacy
  • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service

Property Details for 2825 Progress Way

Year built
2002
Lot size
24.07 lot acres
Property size
201,738 SF
Property type
Outlet malls
APN
290-18-05-01-0000-00
APU
290180501000000

Description

Wilmington Square I offers a unique investment opportunity in Clinton County. This mixed-use retail center boasts a total of 220,822 square feet, situated on 24.13 acres of land. The property, built in 2003, is a single-story building featuring a powerful mix of national and local tenants. A significant anchor tenant, a 203,622 square foot Wal-Mart Super Center, drives substantial foot traffic to the center. Additional national tenants include Maurice's, GameStop, Subway, and LA Tan, occupying a combined 17,200 square feet of prime retail space. A separate 10,700 square foot outparcel building houses several service and restaurant businesses. Currently, there is 5,200 square feet of vacant space available, including one 1,700 square foot unit, presenting an excellent opportunity for expansion or new tenancy. The strategic location at the corner of State Route 73 and US Routes 22/3 ensures high visibility and accessibility, making Wilmington Square I the dominant retail destination in Clinton County. This property offers a compelling combination of established tenants, high traffic volume, and significant growth potential. The available space presents a chance to capitalize on the strong existing tenant mix and the overall success of this well-established retail center.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $11,366,000
    Market price range: $5.77M - $24.2M
    AI Estimate
    $13,917,000
    Market price range: $7.79M - $30.3M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $16,115,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $13,915,000
    Change: -14% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Wilmington
County
Clinton
State
Ohio
Longitude
-83.7793
Latitude
39.4529
CBSA code
48940
CBSA name
WILMINGTON, OH MICROPOLITAN 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
$106,149
$739,520
$1,806,530
$2,546,050
-
$2,112,900
$5,161,500
$7,274,400
More about this property
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