2511 Oregon RdNorthwood, OH 43619

Property Details for 2511 Oregon Rd

Year built

1996

Lot size

2.57 AC

Property size (Sq ft)

19,200 SF

Property type

Retail properties

Property subtype

Retail space

APN

M50-300-2400-00-008.000

APU

M50300240000008000

Description

This exceptional, fully occupied 19,200 square foot Class A shopping center in Northwood, Ohio, presents a compelling investment opportunity. Boasting 10 tenants, including a mix of local favorites and national brands such as Jimmy John's and Pico's Sports Bar, this stabilized property offers a 7.56% cap rate. Built in 1996 and extensively renovated in 2024, the single-story building features ample parking (98 spaces) and excellent visibility at the signalized intersection of Wales Road and Oregon Road. The property benefits from a prime location less than a quarter-mile from the I-75 interchange, providing easy access to major employers and Owens Community College. With 570 feet of corner frontage and marquee signage, this center enjoys high traffic visibility. The triple-net (NNN) lease structure minimizes landlord responsibilities, while built-in rent escalations for several tenants offer significant upside potential. The property's strong tenant mix, high occupancy rate, and strategic location make it an ideal addition to any investment portfolio. Additional information about Northwood, Ohio, is available at growinnorthwood.com. The asking price is $2,400,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,831,608

  6.5%

  $4,459,946

  7%

  $4,141,379

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,525,840

  Geo Method

  $4,525,840

• Alternative Use

  Use

  Valuation

  Residential

  $3,762,132

  Hospitality

  $3,446,092

  Educational

  $2,867,108

  Medical

  $2,965,712

  Retail

  $4,459,946

Location Insight

City

Northwood

County

Wood

State

Ohio

Latitude

41.6084

Longitude

-83.5377

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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