Log In/Sign Up
Your email has been sent.
409 Rice St 1,798 SF Retail Building Elmore, OH 43416 $231,745 CAD ($128.89 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
$231,745 CAD
Price Per SF
$128.89 CAD
Cap Rate
5.25%
NOI
$12,176 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
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 019-0254003219000 | Total Assessment | $47,696 CAD |
| Land Assessment | $13,993 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $33,703 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
019-0254003219000
Land Assessment
$13,993 CAD
Improvements Assessment
$33,703 CAD
Total Assessment
$47,696 CAD
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
Home Town Realty
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.