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848 S High St 3,720 SF Retail Building Hillsboro, OH 45133 $585,000 ($157.26/SF)
Investment Highlights
- Building is all steel and well maintained. Cap rate is high and income is solid due to triple net lease for last 21 years and ahead.
Executive Summary
This offering has been occupied by the same national entity for 21 years and is currently under a 5 year lease agreement with 43 months remaining as of this post. Tenant is obviously solid with continual national growth. This has been a great income generating property, and the only reason for the sale is a greater need for funds. Price is fair and firm. Contract is triple net. Owner is responsible for upkeep of existing doors, windows, roof, and HVAC, Ice and snow control. Occupant pays all other expense's including property tax and insurance. Owner keeps basic property insurance for structure only. All owner obligations are in good order and rarely need addressed. A 45,000.00 upgrade to the interior was done and completed this year involving paint, flooring, and storage to office upgrade. Drain grate was also installed for rear water infiltration due to new build on adjacent road above property. new service door was recently involved at occupants expense.(Photos are limited to maintain the privacy of long term tenant).
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$69,000
|
$18.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$69,000
|
$18.55
|
| Taxes |
-
|
-
|
| Operating Expenses |
$4,500
|
$1.21
|
| Total Expenses |
$4,500
|
$1.21
|
| Net Operating Income |
$64,500
|
$17.34
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $69,000 |
| Annual Per SF | $18.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $69,000 |
| Annual Per SF | $18.55 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $1.21 |
| Total Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $1.21 |
| Net Operating Income | |
|---|---|
| Annual | $64,500 |
| Annual Per SF | $17.34 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,720 SF
Building Class
C
Year Built/Renovated
2003/2026
Price
$585,000
Price Per SF
$157.26
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
Commercial
Amenities
- Fenced Lot
- Storage Space
- Air Conditioning
- Fiber Optic Internet
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-56-001-014.00 | Total Assessment | $146,650 |
| Land Assessment | $8,750 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $137,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
25-56-001-014.00
Land Assessment
$8,750
Improvements Assessment
$137,900
Total Assessment
$146,650
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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