Building Details

Year built 1902

Flooring type Carpet, Wood

Building materials Brick, Metal Siding

Roof type Membrane, Rolled Hot Mop

Listing Agency: Plum Tree Realty B***@PlumTreeRealty.com Show Phone

Listed By: Jamie Ogden Show Phone

Added: Jul 9 Changed: Aug 19 Last Checked: Aug 22 at 1:06AM

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MLS# 1885428

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

Investment Insights

Based on property information with market context.

Located at 107 N Main Street on Georgetown’s Main Square, this 3,915-square-foot mixed-use building combines an operating commercial business on the main level with a second floor that can accommodate apartments, offices, or additional commercial space, subject to approvals. Rear access supports loading and unloading for ongoing commercial use.

Built in 1902, the property occupies 0.103 acres and features brick and metal siding, carpet and wood flooring, electric heat, and a membrane and rolled hot mop roof. The existing lease provides flexibility for a future owner who may seek occupancy, subject to the lease terms.

Key Highlights

• 3,915‑square‑foot mixed‑use building on 0.103 acres
• Main‑level commercial business with second‑floor expansion options, subject to approvals
• Rear access supports commercial loading and unloading

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$15,537

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.81%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$310,740 $310.7K

Cap Rate 7%

$221,957 $222.0K

Cap Rate 9%

$172,633 $172.6K

Market Conditions

NOI Build-Up for 3,915 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$23.0K $5.88/SF

− Vacancy

−$824 −$0.21/SF

EGI

$22.2K $5.67/SF

− OpEx

−$6.7K −$1.70/SF

NOI

$15.5K $3.97/SF

Area

Brown County, OH

Vacancy

3.58%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$310,740

Cap Rate 7%

$221,957

Cap Rate 9%

$172,633

Alternative Uses

Best Use

Retail

$222.0K

$194.2K – $259.0K (±1% cap)

NOI $15,537 @ 7.0% cap · market cap 7.81%

Second Best

Mixed Use

$187.2K

$163.8K – $218.4K (±1% cap)

NOI $13,106 @ 7.0% cap · market cap 6.59%

Theoretical Best

Office A

$774.1K

$677.3K – $903.1K (±1% cap)

NOI $54,185 @ 7.0% cap · market cap 27.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Plumbing Service Bakery HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

326

Businesses Nearby

13k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 85% Home Improvements & Furnishings 8% Electronics 7%

United Dairy Farmers Shops & Services

7,867 visits/mo 0.1 miles

Shell Shops & Services

3,268 visits/mo 0.1 miles

Rent 2 Own Home Improvements & Furnishings

1,080 visits/mo 0.4 miles

Verizon Electronics

969 visits/mo 0.5 miles

Carquest Auto Parts - Seips Auto Parts Shops & Services

304 visits/mo 0.4 miles

Demographics for 45121, OH

8,927

Population

4,243

Households

2.1

Avg Household Size

43

Median Age

19%

College-Educated

86%

High-School Grad

106.8 sq mi

ZIP Area

84

Density / Sq Mi

$57,274

Median Household Income

$34,907

Median Earnings

$680

Median Rent

$150,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Brick-and-metal-siding property with rear access supports commercial loading and unloading.

Where is this mixed-use property located?

The property is located at 107 N Main Street Georgetown, OH.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: 3,915‑square‑foot mixed‑use building on 0.103 acres; Main‑level commercial business with second‑floor expansion options, subject to approvals; Rear access supports commercial loading and unloading