56 Stower Ln Norwalk, OH 44857-2657
Property Lookup
Property profile & analytics
56 Stower Ln Norwalk, OH 44857-2657
- Strip malls
- 10,780 SF
- 1.26 lot acres
Property ID
US66-2068599
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Norwalk Dental Center / Dental Office
- East of Chicago Pizza / Restaurant
- Edward Jones - Financial Advisor: Andrea M Lepley, AAMS® / Financial Advisor
- Dr. Joseph Kim / Dental Office
- Norwalk Office / Law Firm
Property Details for 56 Stower Ln
- Year built
- 2007
- Lot size
- 1.26 lot acres
- Property size
- 10,780 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 52-160D-01-024-0201
- APU
- 52160D010240201
Description
This exceptional investment opportunity presents a five-tenant retail strip mall ideally situated in Norwalk, Ohio. The property boasts a total of 1.26 acres and features four strong, established tenants all operating under favorable Net Net Net (NNN) leases, minimizing landlord responsibilities. These tenants include a popular pizza restaurant (East of Chicago Pizza), a well-known financial services firm (Edward Jones), and two thriving oral surgery practices. The oral surgery practices have recently invested over $500,000 in improvements within the last two years, demonstrating their commitment to the location and long-term success. A significant advantage is the inclusion of a prominent monument sign on Route 250, ensuring high visibility and attracting potential customers. Currently, one in-line space of 1,496 square feet is vacant, presenting a unique opportunity for an owner-occupant or an investor seeking to increase rental income. While not currently marketed, this space is easily rentable given the property's prime location and existing tenant strength. This property offers a compelling combination of stable income from existing tenants and significant upside potential from leasing the vacant space, making it an attractive investment for both owner-occupants and investors seeking a strong return on investment. The property's location and tenant mix create a robust and desirable investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,010,000
- ML approach
- $965,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,595,000
- APARTMENT HOUSE (5+ UNITS)
- $1,465,000
- OFFICE BUILDING
- $1,300,000
- RESTAURANT
- $1,255,000
- MEDICAL BUILDING
- $1,085,000
- AUTO REPAIR, GARAGE
- $1,050,000
- RETAIL STORES
- $1,020,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Huron
- State
- Ohio
- Longitude
- -82.6068
- Latitude
- 41.2686
- CBSA code
- 35940
- CBSA name
- NORWALK, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,887
$31,680
$122,010
$153,690
-
$90,520
$348,600
$439,120
