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Property profile & analytics
OFF-MARKET Estimated value $860,000
Strip malls

4920 Milan Rd Sandusky, OH 44870-5899

21,236 SF 3.77 ac lot Built 2001
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US66-1530532
Property summary
AI-generated overview

Outback Plaza, a thriving 21,650 square foot retail strip center in Sandusky, Ohio, presents a prime leasing opportunity. Located at 4920 Milan Rd (cross street: Meijer Drive), this 2001-built center sits on a 4.31-acre lot and boasts 150 parking spaces, ensuring ample customer convenience. The property is zoned commercial (APN: 3203494004) and currently houses ten suites, with a minimum divisible space of 1,500 square feet. One 1,500 square foot unit is currently available for lease, offering a chance to join a successful tenant mix that includes established businesses such as Outback Steakhouse, H&R Block, and The Exchange. The strategic location provides excellent visibility and accessibility, directly connecting to major retailers like Starbucks, AT&T, Meijer, and the popular Great Wolf Lodge. A traffic signal at the intersection further enhances visibility and convenient access. A three-year minimum lease term is preferred. This property offers a strong investment opportunity in a high-traffic area with established businesses and significant foot traffic. The property's size, location, and existing tenant base make it an ideal location for a variety of retail businesses seeking high visibility and a strong customer base.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Total area 21,236 SF
Lot 3.77 ac (164,321 SF)
APN 32-03494-004
UPID US66-1530532
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
  • Sprint Store Mobile Phone Store Electronics & Wireless Store
  • Miracle-Ear Hearing Aid Center Hearing Aid Repair Service Hearing Aid Store
  • VIP Nails Nail Salon
  • Outback Plaza - Sandusky, OH Business Service Center Corporate Office
  • Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$720k
CAP Approach CAP
by Request
Comparable Approach Comparable
$999k
Blend (final) Blend
$860k
Owner & transaction history
4920 Milan Investments Ltd
4920 Milan Investments Ltd
since 2026
1 recorded transaction
2026
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $1.0M +43.4%
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