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Property profile & analytics
FOR SALE
Bars & Pubs

500 Commerce Park Blvd Northwood, OH 43619

9,968 SF 2 ac lot Built 2006
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1068144
Property summary
AI-generated overview

This exceptional investment opportunity presents a 17,136 square foot retail shopping center located at 500 Commerce Park Blvd, Northwood, Ohio 43619. The property consists of two buildings. Building 500, totaling 7,136 square feet, is fully occupied by four tenants with a triple-net lease structure, meaning tenants cover all operating expenses. Building 510 encompasses 10,000 square feet and is currently owner-occupied, offering potential for future income generation. The property boasts ample parking with 87 spaces, recently sealed and restriped for optimal functionality. Its strategic location on Commerce Park Boulevard, with frontage on Woodville Road, provides excellent visibility and accessibility. The center benefits from its proximity to I-280 and the new Enclave mixed-use development, ensuring strong potential for growth and increased foot traffic. The asking price is $1,295,000, translating to $75.57 per square foot. This presents a compelling owner-user or investment opportunity with significant cash flow potential in a thriving commercial area. The property is situated in Wood County, Ohio, offering a stable and attractive market for retail investment.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 2006
Total area 9,968 SF
Lot 2 ac (87,120 SF)
APN M50-812-3403-23-024.000
UPID US66-1068144
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
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
$635k
Blend (final) Blend
$530k
Owner & transaction history
Foxtail Properties LLC · 12 yrs held
Foxtail Properties LLC
since 2013
6 recorded transactions
2019
Price N/A
2013
$581,400
2005
$150,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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