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    811 Fox Rd Van Wert, OH 45891

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    811 Fox Rd Van Wert, OH 45891

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    • Grocery and convenience stores
    • 8.72 lot acres
    For Lease
    $2,150,000
    View Listing →
    Shannon Station Outlot Opportunity For Lease
    $2,150,000

    Shannon Station Outlot Opportunity

    1.3 AC outlot available in established shopping center.

    811 Fox Road, Van Wert, OH 45891
    View Listing
    Property ID
    US66-5012562
    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.
    Value Estimations
    $2,150,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rural King Guns / Gun Shop
    • Rural King / Big Box & Wholesale Store / Agricultural Supply

    Property Details for 811 Fox Rd

    Year built
    1989
    Construction
    CONCRETE BLOCKS
    Lot size
    8.72 lot acres
    Property type
    Grocery and convenience stores
    APN
    12-034452.1502
    APU
    120344521502

    Description

    This exceptional 1.3-acre commercial land parcel presents a prime development opportunity in Van Wert, Ohio. Strategically located at 811 Fox Road, this outlot enjoys high visibility and accessibility from both Fox Road and South Shannon Street (SR 118), ensuring significant exposure to a substantial customer base. The property is situated within the thriving Shannon Station shopping center, alongside established national retailers such as Rural King, H&R Block, and Fricker's, further enhancing its desirability and potential for success. The surrounding area also boasts a strong retail presence, including Big Lots, Ruler Foods, and Tractor Supply Co., creating a vibrant and attractive commercial environment. This location benefits from a robust demographic profile, with a population exceeding 350,000 within a 30-mile radius and an average household income surpassing $69,000 within a 15-mile radius. Van Wert County's position among the top 100 micropolitan communities in the nation underscores its economic strength and growth potential. This 1.3-acre lot in Van Wert County, Ohio, zip code 45891, offers developers a unique chance to capitalize on a thriving market and establish a successful business in a high-traffic location. The property's size and location make it ideal for a variety of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,065,000
      ML approach
      $2,130,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Van Wert
    County
    Van Wert
    State
    Ohio
    Longitude
    -84.5991
    Latitude
    40.8528
    CBSA code
    46780
    CBSA name
    VAN WERT, 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
    $39,411
    $98,610
    $625,830
    $724,440
    -
    $281,740
    $1,788,090
    $2,069,830

    Comparable in this City

    • Value Estimation by Request

      223 Washington St

      GROCERY, SUPERMARKET
      223 Washington St, Van Wert, OH 45891-1256
      View Details
    • Value Estimation by Request

      732 Main St

      GROCERY, SUPERMARKET
      732 Main St, Van Wert, OH 45891-1647
      View Details
    • Value Estimation by Request

      1022 Shannon St

      GROCERY, SUPERMARKET
      1022 Shannon St, Van Wert, OH 45891-2245
      View Details
    • Value Estimation
      $2,615,000
      6.14 Acres

      1111 Shannon St

      GROCERY, SUPERMARKET • 6.14 Acres
      1111 Shannon St, Van Wert, OH 45891-2434
      View Details
    • Value Estimation by Request
      3.15 Acres

      1108-1116 Washington St

      GROCERY, SUPERMARKET • 3.15 Acres
      1108-1116 Washington St, Van Wert, OH 45891
      View Details
    • Value Estimation by Request

      115 Washington St

      RETAIL STORES (PERSONAL SERVICES)
      115 Washington St, Van Wert, OH 45891-1705
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ohio Gas Station For Sale

      Five operating convenience stores with gas for sale in Ohio.
      885 N Washington St, Van Wert, OH 45891
      View Details
    • Contact for pricing

      Commercial Land in Retail Corridor

      Land available in Van Wert's primary retail corridor.
      1234 S Shannon St, Van Wert, OH 45891
      View Details
    • Contact for pricing

      Shannon Station Outlot Opportunity

      1.3 AC outlot in established shopping center.
      811 Fox Rd, Van Wert, OH 45891
      View Details
    • Contact for pricing
      2,276 SF

      Dairy Queen on Shannon Street

      Dairy Queen with long-term lease in Van Wert, OH.
      1222 S Shannon St, Van Wert, OH 45891
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,008 SF

      Main Street Retail Opportunity

      Van Wert, OH: Prime Retail Space Available
      244 Main St, Van Wert, OH 45891
      View Details
    • Contact for pricing

      Shannon Station Outlot Opportunity

      1.3 AC outlot available in established shopping center.
      811 Fox Rd, Van Wert, OH 45891
      View Details
    View Listing
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    Van Wert, OH 45891
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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