Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1017 Commerce St Wellsville, OH 43968

    Sponsored
    Picture of Specialty properties at Commerce St 1017, Wellsville, OH
    For Sale
    Contact for pricing

    SINGLE_FAMILY - Wellsville, OH

    Type:Retail
    Lot size:
    0.09 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 11 at 3:06 pm

    Property Features for 1017 Commerce St

    General Information

    Special listing conditions
    Auction
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Auction
    Standard status
    Active
    APN
    84-01271
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1954

    We can help!

    Listing Contact
    Todd D. Bosley

    Coldwell Banker Schmidt Realty (440) 572-0220

    Listing agent Todd D Bosley (330) 323-9775 License #2023003963

    Listing date Feb 9, 2026

    MLS# 5186009

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wellsville, OH Single-Family Property

    This single-family property, located in Wellsville, OH 43968, is scheduled for auction on Wednesday, March 18th, 2026, at 12:00 PM. A preview of the property is available during the open house on February 18th, 2026, from 12:00 PM to 2:00 PM. The property is being sold 'Where Is-As Is'. The lot size is 0.09 acres. The auction will take place at 1901 Clark St, Wellsville, OH 43698. The seller reserves the right to accept a pre-auction offer prior to auction day and also reserves the right to accept an offer prior to the deadline time.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wellsville
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.65139
    Latitude
    40.603575

    Nearby Similar for Sale

    • $100,000
      1,656 SF

      Wellsville Multi-Family Home For Sale

      Multi-family home with two units, newer features, great rental potential.
      1751 Crawford Ave, Wellsville, OH 43968
      View Details
    • $500,000
      1.62 Acres

      Profitable Store with Apartment, Garage

      Successful convenience store with apartment and garage for sale.
      17408 Sr 45, Wellsville, OH 43968
      View Details
    • Contact for pricing

      Equipped Foundry and Warehouse Facility

      3.48-acre industrial site with foundry, warehouse, and office space.
      18150 Fife Coal Rd, Wellsville, OH 43968
      View Details
    • Contact for pricing
      8,000 SF

      Established Retail Property For Sale

      Retail property with long-term tenant and minimal landlord responsibilities.
      1230 Main St, Wellsville, OH 43968
      View Details
    • Contact for pricing
      2,266 SF

      Wellsville, OH NNN Retail Property

      Long-term NNN lease with annual rental increases and renewal options.
      556 Main St, Wellsville, OH 43968
      View Details
    • $79,900
      13,200 SF

      Prime Wellsville Mixed-Use Property

      13,200 SF, 0.1-acre lot, $79,900
      449 Main St St, Wellsville, OH 43968
      View Details
    • $315,000
      2,448 SF

      Prime Wellsville Car Wash & Land

      Profitable Car Wash, High-Traffic Location
      205 Wells Avenue Ext, Wellsville, OH 43968
      View Details
    • $299,500
      0.28 Acres

      Turnkey Ice Cream Shop, Wellsville, OH

      Established Business, Highway Frontage, Updated
      41582 State Rte 39 Hwy, Wellsville, OH 43968
      View Details
    • $59,900
      0.26 Acres

      Prime Wellsville Commercial Property

      Former Bank Building - Huge Potential
      565 Main St, Wellsville, OH 43968
      View Details

    FAQs

    What type of property is this?
    Specialty property - Single-family property in Wellsville, OH, available for auction.
    Where is this specialty property located?
    The property is located at 1017 Commerce St Wellsville, OH.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - Natural gas heating for efficient warmth.; - Public water source.; - Open house: February 18th, 2026, from 12:00-2:00pm.
    (330) 323-9775
    Request Owner's contact information
    1017 Commerce St Wellsville, OH 43968
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1017 Commerce St
    Wellsville, OH 43968
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1017 Commerce St Wellsville, OH 43968
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Todd D. Bosley
    Real Estate License ID: 2023003963
    (330) 323-9775
    Learn more
    Google sign-in failed. Please try again or use another login method.