Property profile

418 2nd St Ironton, OH 45638

OFF-MARKET
Retail space
Property ID
US66-1326014
0.27 ac lot Built 1940
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,300 square foot retail shopping center in Ironton, Ohio, currently boasting 100% occupancy. The property features two tenants: a Sherwin-Williams store, a Fortune 500 company with a BBB credit rating and over $20 billion in annual revenue, and Liberty Tattoo, a long-term tenant since 2013. The Sherwin-Williams lease, in place since 1991, has been renewed five times, demonstrating strong tenant commitment. The property enjoys a prime location at a signalized intersection with dual access from Adams Street and 2nd Street, surrounded by a dense concentration of major retailers including Dollar Tree, Speedway, Long John Silver's, Wendy's, Holiday Inn, and CVS. This strategic positioning, coupled with Sherwin-Williams' e-commerce-resistant business model and limited local competition, ensures a stable and resilient investment. The property generates a strong net operating income (NOI) of $26,517, resulting in an attractive 7.00% cap rate. The asking price is $378,814. This is a modified net lease investment with a multi-tenant occupancy. The property consists of one building with two units. This is a rare opportunity to acquire a well-positioned, high-performing retail property with a strong tenant roster in a thriving market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Lot 0.27 ac (11,617 SF)
APN 34-044-1300.000
UPID US66-1326014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

418 2nd St Ironton, OH 45638-1722
Ironton metro Census 50300 HUNTINGTON-ASHLAND, WV-KY-OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2026
Last sale
$300,000
5 recorded transactions
2026
$300,000
2022
Price N/A
2021
Price N/A
2019
Price N/A
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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