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Property profile & analytics
FOR SALE
Outlet malls

3700 Williston Rd Northwood, OH 43619

103,692 SF 11.24 ac lot Built 1971
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US66-6229304
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Northwood, Ohio. Comprising three parcels totaling approximately 4.09 acres (2.05 acres, 0.84 acres, and 1.20 acres respectively), this property is strategically located at a heavily traveled intersection of Hwy 51 and Williston Rd, boasting high visibility and accessibility. The site is zoned for commercial use and benefits from existing utilities and paved land, making it ideal for immediate development. Anchored by a Family Farm & Home store, this location enjoys significant traffic volume. Furthermore, its proximity (less than 1/8 mile) to "The Enclave," a large mixed-use development project currently under construction, promises increased population and enhanced commercial activity in the area. "The Enclave" is a 100-acre, $7 million project featuring residential and commercial properties. This prime location is perfectly suited for a variety of retail uses, including convenience stores, fast-food restaurants, and gas stations. Attractive incentives are available to prospective buyers, including a 100% tax abatement and eligibility for the Job Creation and Retention Program Grant. The City of Northwood actively encourages new businesses through various incentive programs. Individual parcel pricing is as follows: Parcel 1: $225,000

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1971
Total area 103,692 SF
Lot 11.24 ac (489,614 SF)
APN H28-712-0302-01-006.000
UPID US66-6229304
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
$3.05M
Blend (final) Blend
$2.63M
Owner & transaction history
Jts Management LLC · 10 yrs held
Jts Management LLC
since 2016
7 recorded transactions
2016
$1.7M
2015
Price N/A
2014
$50,000
2013
$45,500
2008
$6.4M
2007
Price N/A
2006
$1.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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