1230 Wooster RdBarberton, OH 44203
- Retail properties
- 13,564 SF
For Sale
$668,240
View listing
Property Details for 1230 Wooster Rd
- Year built
- 1960
- Lot size
- 0.15 AC
- Property size (Sq ft)
- 13,564 SF
- Property type
- Retail properties
- Property subtype
- Parking lots & garages
- APN
- 01-09413
- APU
- 109413
Description
This exceptional investment opportunity presents a 11,876 square foot retail property in Barberton, Ohio, featuring two tenants. The property boasts a strong 10% capitalization rate, with a current NOI of $66,824 and a pro-forma NOI of $77,474. The main tenant, Family Dollar, occupies the majority of the space under a NNN lease structure with a corporate guaranty from Family Dollar Stores, Inc. (S&P BBB Credit rating), demonstrating financial stability and long-term commitment
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,791,957
- 6.5%
- $3,500,268
- 7%
- $3,250,249
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,197,317
- Geo Method
- $3,197,317
-
Alternative Use
- Use
- Valuation
- Residential
- $2,952,607
- Hospitality
- $2,704,572
- Educational
- $2,250,172
- Medical
- $2,327,559
- Retail
- $3,500,268
1230 Wooster Rd, Barberton, Ohio
Location Insight
- City
- Barberton
- County
- Summit
- State
- Ohio
- Latitude
- 41.0069
- Longitude
- -81.6329
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN 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
$344
$4,820
$490
$5,310
-
$13,770
$1,410
$15,180
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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