Log In/Sign Up
Your email has been sent.
409 Rice St 1,798 SF Retail Building Elmore, OH 43416 $229,078 CAD ($127.41 CAD/SF) 5.25% Cap Rate
Executive Summary
Corner Lot Investment Opportunity in Elmore. Fantastic opportunity to own a high-visibility commercial asset on a high-traffic corner lot. This property features a solid, long-term tenant. Tenant is currently under lease through late 2026 and has expressed interest in a long-term extension, providing a prime opportunity for the new owner to negotiate. Current rent includes a tax contribution; per the lease, this portion is adjustable based on reassessment (property was recently reassessed and will push rent). The building has been well-maintained with recent capital improvements, including partial new windows and doors (2024), a resealed roof (2022), and HVAC (2016). Ample parking and excellent street presence make this an ideal addition to your portfolio. Extremely low owner-management required. Turn-key and ready for its next owner.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,798 SF
Building Class
C
Year Built
1930
Price
$229,078 CAD
Price Per SF
$127.41 CAD
Cap Rate
5.25%
NOI
$12,035 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.13 AC
Zoning
Commercial
Parking
5 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
54’ on Rice St
Nearby Major Retailers
Property Taxes
| Parcel Number | 019-0254003219000 | Total Assessment | $36,921 CAD (2024) |
| Land Assessment | $13,920 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $23,001 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
019-0254003219000
Land Assessment
$13,920 CAD (2024)
Improvements Assessment
$23,001 CAD (2024)
Total Assessment
$36,921 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Denny Henlines Home Town Realt
409 Rice St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.