Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    439 N Main St New Carlisle, OH 45344

    • Retail space
    • 6,831 SF
    • 0.80 lot acres
    For Sale
    View listing
    $1,488,721
    Last Sale
    Jan 31, 2024
    $1,270,000
    Value Estimations
    Cap Rate Potential
    2.1%
    Retail space
    Location Intelligence
    Property ID
    US66-0197060
    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

    • UPS Access Point location / Shipping And Mailing Service / Mailing Service
    • Advance Auto Parts / Auto Parts Store / Car Accessories Store

    Property Details for 439 N Main St

    Year built
    2006
    Construction
    CONCRETE BLOCKS
    Lot size
    0.80 lot acres
    Property size
    6,831 SF
    Property type
    Retail space
    APN
    030-05-00029-101-004
    APU
    300500029101004

    Description

    This exceptional investment opportunity presents a 5,347 square foot freestanding Advance Auto Parts retail building situated on a 0.71-acre lot at 439 N Main St, New Carlisle, OH 45344. The property boasts a strong 6.65% cap rate and a substantial net operating income (NOI) of $99,000. Built in 2006, the building is under a triple-net (NNN) lease with a corporate guarantee from Advance Auto Parts, providing significant tenant credit strength. The lease commenced May 18, 2006, and has a remaining term of approximately 7 years, extending to October 31, 2031, with three 5-year renewal options at 5% rent bumps per option. The asking price is $1,488,721, translating to a price per square foot of $278.42. The property benefits from its location in a thriving area with a strong population base of over 9,500 people within a 3-mile radius and projected population growth. The surrounding area includes several national tenants, enhancing the property's visibility and desirability. Advance Auto Parts' essential retail nature contributes to its resilience against economic downturns. This is a compelling investment opportunity offering stability, strong returns, and long-term growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,270,000
      ML approach
      $1,270,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $985,000

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

    Location Insight

    • Map
    • Local Demand
    City
    New Carlisle
    County
    Clark
    State
    Ohio
    Longitude
    -84.0247
    Latitude
    39.9451
    CBSA code
    44220
    CBSA name
    SPRINGFIELD, 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
    $0.00
    $20,630
    $136,420
    $157,050
    -
    $58,930
    $389,760
    $448,690

    Comparable in this City

    • Value Estimation by Request
      1,983 SF

      101 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,983 SF
      101 Main St, New Carlisle, OH 45344-1836
      View Details
    • Value Estimation by Request
      4,725 SF

      100-102 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,725 SF
      100-102 Main St, New Carlisle, OH 45344
      View Details
    • Value Estimation by Request
      1,260 SF

      101 Galewood Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,260 SF
      101 Galewood Dr, New Carlisle, OH 45344-1403
      View Details
    • Value Estimation by Request
      4,208 SF

      12389 Milton Carlisle Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,208 SF
      12389 Milton Carlisle Rd, New Carlisle, OH 45344-9707
      View Details
    • Value Estimation by Request
      3,592 SF

      1425 Styer Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,592 SF
      1425 Styer Dr, New Carlisle, OH 45344-2502
      View Details
    • Value Estimation by Request
      10,400 SF

      2230 Dayton Lakeview Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,400 SF
      2230 Dayton Lakeview Rd, New Carlisle, OH 45344-9577
      View Details

    Similar Nearby for Sale

    • $225,000
      2,975 SF

      Versatile Commercial Property in Downtown

      Remodeled commercial space with warehouse and potential living space.
      127 S Main St, New Carlisle, OH 45344
      View Details
    • $499,900
      852 SF

      Established Drive-In Restaurant for Sale

      Turnkey drive-in restaurant with car-hop service and outdoor seating.
      603 S Main St, New Carlisle, OH 45344
      View Details
    • $1,488,721
      5,347 SF

      Freestanding Advance Auto Parts

      Single tenant NNN leased investment property with credit tenant.
      439 N Main St, New Carlisle, OH 45344
      View Details
    • Contact for pricing

      Restaurant and Bar with Kitchen

      Restaurant and bar with full commercial kitchen for sale.
      376 Quick Rd, New Carlisle, OH 45344
      View Details
    • $350,000
      3,428 SF

      Fully Occupied 4-Unit Investment Property

      Strong-performing, fully occupied 4-unit building with leases in place.
      734 W Lake Ave, New Carlisle, OH 45344
      View Details
    • $1,400,000
      222,156 SF

      Commercial Land in New Carlisle

      5.1-acre commercial lot in New Carlisle, offering development opportunities.
      N Dayton-Lakeview Rd, New Carlisle, OH 45344
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    439 N Main St
    New Carlisle, OH 45344
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.