Add Listing
    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

    136 S Broadway St Blanchester, OH 45107

    View on Map
    Sponsored
    For Sale
    $400,000

    COMMERCIAL - Blanchester, OH

    Property size:
    3,973 SF
    Lot size:
    0.11 Acres
    Days on Market:
    145
    Last Refresh:
    Mar 7 at 7:06 am

    Property Features for 136 S Broadway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    220-11-01-01-C020-00
    Size
    3,973 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Natural Gas, Central, Baseboard
    Cooling system
    Central Air

    Building Details

    Year built
    1947
    Floors in Building
    2
    Flooring type
    Wood
    Building materials
    Block, Stucco
    Roof type
    Membrane

    We can help!

    Listing Contact
    Sarah Ford

    eXp Realty (866) 212-4991

    Listing agent Dan Young

    Listing date Oct 14, 2025

    MLS# 1841031

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Mixed-Use Investment Opportunity

    This is a turnkey mixed-use investment opportunity featuring a restaurant and two apartments. The property is fully occupied and generates $4,500 per month in gross rent, with month-to-month leases. The building has a size of approximately 3,973 square feet and is situated on a lot of approximately 0.11 acres. Public water and sewer services are available. Tenants are currently responsible for utilities. The sale includes the real estate only; the restaurant business is not included. The property is located in Blanchester's commercial district. The property is suitable for a 1031 exchange or a value-add investor. The commercial space is currently occupied by a Harvester restaurant, with two residential units above. The property is located in Blanchester, OH.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LibertyX Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Blanchester
    County
    Clinton
    State
    Ohio
    Longitude
    -83.987772
    Latitude
    39.292311

    Nearby Similar for Sale

    • $400,000
      1,204 SF

      Commercial Building on State Route 28

      Highly visible retail/office building on 1.46-acre lot in Blanchester.
      10984 St Rt 28, Blanchester, OH 45107
      View Details
    • $650,000
      1.40 Acres

      Downtown Blanchester Multi-Building Commercial Property

      Multi-building commercial property in downtown Blanchester with high visibility.
      105 Bourbon St, Blanchester, OH 45107
      View Details
    • New
      $225,000
      Pending

      Blanchester Duplex: Investment Opportunity

      Well-maintained duplex in Blanchester with rental income potential.
      505 Bourbon St, Blanchester, OH 45107
      View Details
    • New
      $265,000
      1,725 SF

      Blanchester Brick Ranch Duplex

      Well-maintained duplex on nearly half an acre with garage.
      7634 Rosewood Dr, Blanchester, OH 45107
      View Details
    • $450,000
      1.79 Acres

      Commercial Lot with Garage

      Commercial lots with parking and a five-bay garage.
      216 Broadway St, Blanchester, OH 45107
      View Details
    • $250,000
      1,302 SF

      Renovated Retail Building For Sale

      Historic Blanchester retail building with conversion potential.
      168 S Broadway St, Blanchester, OH 45107
      View Details
    • Contact for pricing

      Blanchester Commercial Space For Sale

      Versatile commercial space in historic downtown Blanchester, Ohio.
      101 E Main St, Blanchester, OH 45107
      View Details
    • Contact for pricing

      Blanchester Specialty Property For Sale

      Specialty property available for purchase in Blanchester, Ohio.
      513 S Broadway St, Blanchester, OH 45107
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Restaurant plus two apartments with month-to-month leases.
    Where is this mixed-use property located?
    The property is located at 136 S Broadway St Blanchester, OH.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - High 12.4% Cap Rate: Indicates strong potential return on investment.; - Turnkey Mixed-Use Property: Restaurant plus two apartments offer diversified income streams.; - Fully Occupied with Stable Income: Generates $4,500/month gross rent.
    (866) 212-4991
    Request Owner's contact information
    136 S Broadway St Blanchester, OH 45107
    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.
    136 S Broadway St
    Blanchester, OH 45107
    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
    136 S Broadway St Blanchester, OH 45107
    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
    Sarah Ford
    (866) 212-4991
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!