Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Commercial Building with Parking Title is generated by Realmo AI

    205 Jefferson St., Tiffin, OH 44883

    View on Map
    Claim this Listing
    For Sale
    $310,000

    Commercial - Tiffin, OH

    Property size:
    2,086 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $148/SF
    Added:
    Mar 16, 2026
    Days on Market:
    62
    Last Refresh:
    May 16 at 3:06 am

    Property Features for 205 Jefferson St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Frontage Exposure
    Standard status
    Active
    APN
    Q53011063840000
    Size
    2,086 SF
    Lot size
    0.21 Acres

    Building Details

    Year built
    1957
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Angie Bonnell
    Angie Bonnell

    Listing agent Angie Bonnell License #0000427725

    Listing office Generations Realty 25 Melmore Street, Marion, OH

    Listing date Mar 16, 2026

    MLS# 20260829 Listing URL

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

    HighLights

    • Prime downtown location with high visibility and foot traffic, adjacent to mainstream businesses.
    • Move‑in ready, turn‑key commercial property suitable for various business ventures (currently barber/salon).
    • Private parking lot with 9 spaces, plus on‑street parking.
    • Durable brick exterior and asphalt shingle roof.
    • Adaptable layout suitable for additional office space or public services.
    • Newer central air (installed in 2025) and functional kitchen.

    Overview

    This commercial property is located in downtown Tiffin. The one-story brick building is suitable for entrepreneurs seeking independence and a prime location. The property is move-in ready and features a durable brick exterior and an asphalt shingle roof. It includes a basement for storage and a private parking lot with 9 spots, supplemented by on-street parking. Currently operating as a barber and salon, the adaptable layout is also suitable for additional office space or a variety of public services. The property includes a functional kitchen, 1.5 bathrooms, first-floor storage closets, and washer/dryer hookups. Utilities include a gas furnace for heat, an electric water heater, and a basement sump pump. Newer central air is scheduled for installation in 2025. The property benefits from its location adjacent to mainstream businesses and high foot traffic, offering excellent visibility and accessibility. The lot size is 0.2058 acres. The property size is 2086 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $251.6K
    NOI $22,641 @ 9.00% cap · cautious / downside scenario
    Moderate
    $323.4K
    NOI $22,641 @ 7.00% cap · market / base-case scenario
    Aggressive
    $452.8K
    NOI $22,641 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $37.5k $18.00
    − Vacancy −$7.4k −$3.53
    EGI $30.2k $14.47
    − OpEx −$7.5k −$3.62
    NOI $22.6k $10.85
    2,086 SF · lease $18.00/SF/yr · vacancy 19.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $323.4K
    $283.0K – $377.4K (±1% cap)
    NOI $22,641 @ 7.0% cap · market cap 7.30%
    Second Best
    Retail
    $121.9K
    $106.7K – $142.2K (±1% cap)
    NOI $8,533 @ 7.0% cap · market cap 2.75%
    Theoretical Best
    Office A
    $442.3K
    $387.1K – $516.1K (±1% cap)
    NOI $30,964 @ 7.0% cap · market cap 9.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Tiffin
    County
    Seneca
    State
    Ohio
    Longitude
    -83.1743187
    Latitude
    41.111887

    Nearby Similar for Sale

    • $219,900
      1,551 SF

      Mixed-Use Building in Downtown Tiffin

      Mixed-use property with office/retail space and apartments in Tiffin.
      180 S Washington Street, Tiffin, OH 44883
      View Details
    • $169,900
      1,440 SF

      Charming Duplex Near College

      Desirable duplex with income potential in a thriving neighborhood.
      109 Wall St, Tiffin, OH 44883
      View Details
    • $72,000
      1,280 SF

      Tiffin Commercial Automotive/Service Opportunity

      Freestanding service building on a 0.34-acre lot in Tiffin, OH.
      130 Melmore St., Tiffin, OH 44883
      View Details
    • $279,000

      Updated Duplex in Tiffin, OH

      Updated duplex with income potential and timeless charm in Tiffin.
      489 Hedges Street, Tiffin, OH 44883
      View Details
    • $750,000
      20,950 SF

      Tiffin Commercial Property For Sale

      Prime commercial property in Tiffin's West end commerce area.
      747 W Market Street, Tiffin, OH 44883-2520
      View Details
    • Contact for pricing

      Established Retail Space For Sale

      Tenant with long-term commitment and rental increases.
      876 W Market St, Tiffin, OH 44883
      View Details
    • $2,600,000
      49,100 SF

      Former Big Lots Retail Space

      Divisible 49,100 SF retail space in Tiffin trade area.
      644 W Market St, Tiffin, OH
      View Details
    • $750,000
      20,950 SF

      Tiffin Commercial Property For Sale

      Commercial property in Tiffin's West end commerce area.
      747 W MARKET Street, Tiffin, OH 44883
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial property in downtown Tiffin, move-in ready.
    Where is this retail space located?
    The property is located at 205 Jefferson St. Tiffin, OH.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: Prime downtown location with high visibility and foot traffic, adjacent to mainstream businesses.; Move‑in ready, turn‑key commercial property suitable for various business ventures (currently barber/salon).; Private parking lot with 9 spaces, plus on‑street parking.
    (567) 207-5487
    We can help!
    Listing Contact
    Angie Bonnell
    Angie Bonnell
    Real Estate License ID: 0000427725
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    205 Jefferson St., Tiffin, OH 44883
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!