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500-510 Commerce Park Blvd 17,136 SF 100% Leased Retail Building Northwood, OH 43619 $1,250,000 ($72.95/SF) 10.25% Cap Rate
Investment Highlights
- Located on Commerce Park Blvd. with frontage on Woodville Rd.
- Just east of I-280 and west of the new Enclave mixed-use development on the former 120-acre Woodville Mall.
Executive Summary
Excellent Owner/User Investment Opportunity - Cash Flow. 2 commercial retail buildings: Building 500 is 7,136 SF with 4 tenants 100% occupied - Tenants reimburse for all operating expenses. Building 510 is 10,000 SF currently occupied by owner - Available. Ample parking with 87 parking spaces and recently sealed and stripped.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,136 SF
Building Class
B
Year Built
2005
Price
$1,250,000
Price Per SF
$72.95
Cap Rate
10.25%
NOI
$128,154
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.00 AC
Zoning
Commercial
Parking
102 Spaces (5.95 Spaces per 1,000 SF Leased)
Frontage
187’ on Commerce Park
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | M50-812-340323024000 | Improvements Assessment | $134,260 |
| Land Assessment | $76,230 | Total Assessment | $210,490 |
Property Taxes
Parcel Number
M50-812-340323024000
Land Assessment
$76,230
Improvements Assessment
$134,260
Total Assessment
$210,490
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