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Property profile & analytics
FOR LEASE
Commercial land

500 Central Ave Carlisle, OH 45005

1.91 ac lot
Entity Owned Free & Clear
Property ID
US66-0344960
Property summary
AI-generated overview

This Carlisle, Ohio retail center, built in 1995 and renovated in 2022, offers 44,700 square feet of space in a single, one-story building. Currently, 1,000 square feet are vacant, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 1,000 square feet. The center features eight suites in total and boasts a strong tenant mix, including a Dollar General store ranked in the top 2% nationally and in Ohio. This prime location is situated on Central Avenue in Carlisle, Ohio, just over three miles west of I-75, providing excellent access to a substantial market. Within a five-mile radius, there are nearly 75,000 residents and 72,000 employees. The center benefits from its proximity to the Carlisle Business Park and newly constructed emergency services facilities. An additional approximately 1.9 acres of outlot land is available for ground lease, presenting further development opportunities. This property presents a compelling investment opportunity in a thriving community.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.91 ac (83,374 SF)
APN 01-33-252-003-0
UPID US66-0344960
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
$1.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.16M
Owner & transaction history
Autozono Development LLC
Autozono Development LLC
since 2025
Last sale
$2.3M
2 recorded transactions
2025
Price N/A
2023
$2.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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