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    Multi-Family Residential Income Building Title is generated by Realmo AI

    103 E Main Street, Belle Center, OH 43310

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    Claim this Listing
    New
    For Sale
    $60,000

    COMMERCIAL - Other - Belle Center, OH

    Property size:
    3,055 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $19/SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 103 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    6
    Appliances
    Gas Water Heater
    Standard status
    Active
    APN
    39022050600400000
    Size
    3,055 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Flooring type
    Wood
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Pamela S Miller

    Listing agent Pamela S Miller

    Listing office Red 1 Realty 921 Eastwind Dr. Suite 102, Springboro, OH

    Listing date Jun 2, 2026

    MLS# 1046071

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • As‑is property with upstairs layout designed for apartments
    • Brick and vinyl siding construction
    • Forced‑air heating with central air
    • Wood flooring and gas water heater
    • Public sewer connection

    Overview

    This residential income property offers an existing upstairs layout designed for apartments. The space is already configured to support multiple units, and the remaining work is to finish the build-out and complete the improvements as needed. The property is being sold as-is, making it a practical option for buyers who can handle renovations and bring the units to completion.

    Located in downtown Belle Center, the property sits on a small lot with an address on E Main Street. With its centralized setting, the building can appeal to investors seeking a local income asset in the core of the community.

    For investors or owner-operators, the strongest value is the opportunity to convert the upstairs into additional apartment income and monetize the existing configuration. Buyers should plan for finishing work and ensure compliance with proper zoning and permits before completing the conversion and finalizing unit setups. If you’re looking for a hands-on investment with a head start on apartment planning, this is worth a closer look.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jeff Rose Photography (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Bar & Pub Bakery Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belle Center
    County
    Logan
    State
    Ohio
    Longitude
    -83.75191
    Latitude
    40.507739

    Nearby Similar for Sale

    • $454,900
      4,436 SF

      Turnkey Restaurant & Drive-Thru Opportunity

      Well-positioned restaurant with drive-thru in high-traffic recreational area.
      15641 SR 235, Belle Center, OH 43310
      View Details
    • $459,900
      5,360 SF

      Turnkey Restaurant and Bar Opportunity

      Thriving restaurant/bar on 6.5 acres with licenses and banquet room.
      2429 County Road 200, Belle Center, OH
      View Details

    FAQs

    What type of property is this?
    Residential income property - Downtown Belle Center investment opportunity with an upstairs apartment layout ready to be completed.
    Where is this residential income property located?
    The property is located at 103 E Main Street Belle Center, OH.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: As‑is property with upstairs layout designed for apartments; Brick and vinyl siding construction; Forced‑air heating with central air
    (614) 585-9020
    We can help!
    Listing Contact
    Pamela S Miller
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    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
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