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Property profile & analytics
OFF-MARKET Estimated value $555,000
Grocery and convenience stores

508 Perkins Ave Sandusky, OH 44870

2.35 ac lot
Entity Owned Free & Clear
Property ID
US66-5222095
Property summary
AI-generated overview

This exceptional Sandusky, Ohio investment opportunity encompasses two prime commercial land parcels totaling 2.35 acres at 508 W. Perkins Ave, zoned I-1 Light Industrial, permitting C-1 and C-2 uses. Each site boasts high visibility and high traffic exposure on Perkins Avenue, featuring curb cuts for convenient access. Site A measures approximately 1.24 acres, while Site B is roughly 1.11 acres. Purchasers can acquire either site individually for $375,000 or both for $595,000, representing a land value of $253,191.49 per acre. The property's location within a thriving community, boasting a population of 39,819 within a 5-mile radius and an average household income of $63,321, presents significant potential for business growth. This build-to-suit opportunity allows for customized development, catering to a variety of commercial and industrial needs. The property's APN is 32-00902.001. This is a rare chance to secure a prime commercial property in a desirable location. The property is located in Erie County, Ohio, zip code 44870.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Lot 2.35 ac (102,200 SF)
APN 32-00902-001
UPID US66-5222095
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
  • ThorWorks West Perkins Warehouse & Storage
  • ThorWorks Industries Inc Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$555k
Owner & transaction history
Thorsport INC
Thorsport INC
since 2025
Last sale
$550,000
2 recorded transactions
2025
$550,000
2021
$455,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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