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Property profile & analytics
OFF-MARKET Estimated value $2,055,000
Retail space

479 Main St Grafton, OH 44044-1257

14,804 SF 1.97 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-5383480
Property summary
AI-generated overview

This exceptional 16 sq. ft. retail space is ideally situated in the heart of downtown Grafton, Ohio, on a prominent corner lot. The building boasts an updated style, making it an attractive option for a variety of medical-related businesses. Its single-tenant occupancy provides a unique opportunity for a focused operation. The property's central location offers excellent visibility and accessibility for patients and clients. Given its prime downtown location, this space benefits from high foot traffic and strong community presence. The current owner is open to the possibility of subdividing the space to accommodate smaller businesses or specific needs, offering flexibility for potential tenants. This presents a rare chance to establish a thriving practice in a vibrant and well-established community. The updated building ensures a modern and appealing environment for both staff and clientele. The single-tenant setup allows for complete control and customization of the space, eliminating the complexities of multi-tenant management. This property is an excellent investment opportunity for those seeking a high-visibility location in a growing Ohio town. Serious inquiries are encouraged to explore the potential of this unique retail space. The flexibility offered by the owner regarding space division makes this an even more attractive proposition for a range of potential users.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 14,804 SF
Lot 1.97 ac (85,813 SF)
APN 11-00-099-000-460
UPID US66-5383480
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
$2.29M
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$2.06M
Owner & transaction history
Rasheed & Associates LLC · 3 yrs held
Rasheed & Associates LLC
since 2022
2 recorded transactions
2022
Price N/A
2022
$3.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.3M +109.1%
Apartment house (5+ units) $2.1M +85.8%
Office building $1.4M +28.7%
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