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Property profile & analytics
FOR LEASE
Outlet malls
4845 Burbank Rd Wooster, OH 44691
Individually Owned
2-yr Hold
Free & Clear
Property ID
US66-2680786
For Lease
1 / 2
Contact for pricing
4845 Burbank Rd, Wooster, OH 44691
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Property summary
AI-generated overview
This exceptional retail leasing opportunity is located inside a high-traffic Meijer store in Wooster, Ohio, at 4845 Burbank Rd, 44691. Two spaces are available, ranging from 527 to 1,046 square feet of vacant space. These prime, front-of-store locations offer unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. Branding opportunities include both interior and exterior signage. The property benefits from exceptional demographics and is situated in a thriving trade area. This "Store-Within-A-Store" concept is ideal for various businesses, including financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The location provides strong foot traffic and exposure, making it a highly attractive retail location. This is a unique opportunity to position your business within one of the Midwest's most well-known retail destinations. Total vacant space is 1,573 square feet.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2022
Total area
160,158 SF
Lot
14.21 ac (619,162 SF)
APN
67-02990-004
UPID
US66-2680786
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
Current use
Occupant on record · Public records
-
Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
-
Meijer Pharmacy Pharmacy
-
Meijer Express Gas Station Gas Station
-
Meijer Specialty Food Shop Supermarket
-
Meijer Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.27M
Owner & transaction history
J Stewart Mccoy · 2 yrs held
J Stewart Mccoy
since 2024
Last sale
$4.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wooster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wooster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,270,000
ML approach
$4,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,080,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.27M
Range $3.84M – $4.70M · ±10% · vs last sale $4.27M (Jun 10 2024)
Last sale anchor
$4.27M
Jun 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$27 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$260,397
Tax year 2023
Assessed value
$3,565,730
Assessed 2023
Previous assessed
$3,565,730
+0.0% YoY
Effective rate
7.30%
On assessed value
Assessed land
$631,090
Assessed improvement
$2,934,640
Land market value
$1,803,110
Improvement market value
$8,384,690
Total market value
$10,187,800
Applied tax rate
67.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
2022
Cooling
YES
Stories
1
Total area
160,158 SF
Lot
14.21 ac (619,162 SF)
APN
67-02990-004
UPID
US66-2680786
Jurisdiction
WAYNE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$7.1M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Cooling
Yes
Stories
1
Lot
14.21 ac
Current owner
From public records · entity-resolved
J Stewart Mccoy
Individual
Free & Clear · 2 yrs held
Mailing address
5100 FRIENDSVILLE RD NW, WOOSTER, OH 44691-9602
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
—
J Stewart Mccoy
J Mccoy Farm Homestead LLC
Quit Claim Deed
—
Nov 22, 2021
$4,270,200
Meijer Stores Limited Partnership
Rs Wooster LLC
Limited Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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