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    308 E Main St Carrollton, OH 44615

    Sponsored
    For Sale
    $225,000

    SINGLE_FAMILY - Carrollton, OH

    Type:Retail
    Lot size:
    0.09 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 21 at 8:06 am

    Property Features for 308 E Main St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    10-0000094.000
    Parking features
    Offsite
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1937
    Roof type
    Rubber, Shingle

    We can help!

    Listing Contact
    Joann Clark

    Cutler Real Estate (888) 763-7575 [email protected]

    Listing agent JoAnn Clark (330) 323-3362 License #2001005302

    Listing date Jan 14, 2026

    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

    Versatile Commercial Building in Carrollton

    This well-maintained building in Carrollton presents endless possibilities for business or personal use. Known for years as "Carsons Machine Shop" and "Napa Retail Store", the property offers a versatile space suitable for various purposes. The machine shop area, though closed previously, could be revived. Napa is relocating, making the building available for new ventures. The property features 3-phase electric power, six overhead garage doors (five 10-foot and one 8-foot, three with automatic openers), and two half bathrooms. Office space and warehouse storage are included, with a conference room and additional storage on the second level. The building's layout allows for potential division to accommodate multiple uses. A heat pump provides heating and air conditioning to the retail and office areas, with some coverage in the warehouse section. Gas ceiling heaters are installed in the front area where the machine shop was located. An abandoned underground storage tank was previously filled with sand and vacated according to code. The buyer has the first option to purchase the parking lot at 283 2nd St. SE if needed. The building will be sold without inventory or shelving.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Strickland Brothers 10 Minute Oil Change, Horsepower By Hamilton, Henry Gary

    Location Insight

    • Map
    • Local Demand
    City
    Carrollton
    County
    Carroll
    State
    Ohio
    Longitude
    -81.082276
    Latitude
    40.570497

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    FAQs

    What type of property is this?
    Auto shop - Well-maintained commercial building with retail, warehouse, and office space.
    Where is this auto shop located?
    The property is located at 308 E Main St Carrollton, OH.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Large, well-maintained building suitable for business or personal use with endless possibilities.; - 3-Phase Electric and 6 overhead garage doors (3 with automatic openers) provide significant operational capacity.; - Versatile space includes office space, warehouse storage, conference room, and additional second-level storage.
    (330) 323-3362
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    308 E Main St Carrollton, OH 44615
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    Carrollton, OH 44615
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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
    308 E Main St Carrollton, OH 44615
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    We can help!
    Listing Contact
    Joann Clark
    Real Estate License ID: 2001005302
    (330) 323-3362
    Learn more
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