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    961 E High St Hicksville, OH 43526

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    961 E High St Hicksville, OH 43526

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    • Outlet malls
    • 760 SF
    • 0.13 lot acres
    For Sale
    View Listing →
    Hicksville Landmark Retail Opportunity For Sale
    Contact for pricing
    1,025 SF

    Hicksville Landmark Retail Opportunity

    Well-known restaurant property with high visibility and traffic.

    961 E High St, Hicksville, OH 43526
    View Listing
    Property ID
    US66-0974787
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dari Delite / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 961 E High St

    Year built
    1952
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    760 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    E060008003101
    APU
    E060008003101

    Description

    This charming, established ice cream shop is located at 961 E High Street, Unit 961, in the heart of Hicksville, Ohio. Priced at $340,000, this turnkey business offers a fantastic opportunity for an entrepreneur seeking to own a beloved local establishment. Situated on a 0.13-acre lot, the shop boasts a cozy atmosphere perfect for families and friends seeking delicious treats. The business is currently operational and well-regarded within the Hicksville community, providing a strong foundation for continued success. This presents a unique chance to acquire a profitable, ready-to-go business with immediate income potential. The existing infrastructure and loyal customer base minimize the start-up challenges often associated with new ventures. The sale includes all necessary equipment and fixtures, allowing for a seamless transition of ownership. This is an exceptional opportunity to become part of a thriving small-town community and own a successful, established business. The property's prime location on High Street ensures high visibility and accessibility for customers. Serious inquiries are encouraged to explore this exciting prospect further. This is a rare chance to own a piece of Hicksville's history and build upon its existing success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hicksville
    County
    Defiance
    State
    Ohio
    Longitude
    -84.7481
    Latitude
    41.3031
    CBSA code
    19580
    CBSA name
    DEFIANCE, 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
    $283
    $1,110
    $17,370
    $18,480
    -
    $3,180
    $49,620
    $52,800

    Comparable in this City

    • Value Estimation
      $1,155,000
      12,480 SF

      222 High St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,480 SF
      222 High St, Hicksville, OH 43526-1032
      View Details
    • Value Estimation by Request
      0.08 Acres

      152 High St

      PARKING GARAGE, PARKING STRUCTURE • 0.08 Acres
      152 High St, Hicksville, OH 43526-1163
      View Details
    • Value Estimation by Request
      0.04 Acres

      200 High St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.04 Acres
      200 High St, Hicksville, OH 43526-1109
      View Details
    • Value Estimation by Request
      0.08 Acres

      High

      RESTAURANT • 0.08 Acres
      High, Hicksville, OH 43526
      View Details
    • Value Estimation by Request
      1.40 Acres

      208 Columbus St

      PARKING GARAGE, PARKING STRUCTURE • 1.40 Acres
      208 Columbus St, Hicksville, OH 43526-1250
      View Details
    • Value Estimation by Request
      4,020 SF

      134 High St

      RETAIL STORES (PERSONAL SERVICES) • 4,020 SF
      134 High St, Hicksville, OH 43526-1189
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,025 SF

      Hicksville Landmark Retail Opportunity

      Well-known restaurant property with high visibility and traffic.
      961 E High St, Hicksville, OH 43526
      View Details
    • Contact for pricing
      1,025 SF

      Retail Space on High Street

      Retail space available for sale, 1,025 square feet.
      134 E High St, Hicksville, OH 43526
      View Details
    • $700,000
      6.50 Acres

      Hicksville Mobile Home Park Investment

      High-yield mobile home park on 6.5 acres.
      400 Perry St, Hicksville, OH 43526
      View Details
    View Listing
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    961 E High St
    Hicksville, OH 43526
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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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