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    380 S Main St De Graff, OH 43318

    Sponsored
    For Sale
    $599,999

    COMMERCIAL - Other - De Graff, OH

    Property size:
    13,304 SF
    Lot size:
    2.30 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 20 at 4:06 am

    Property Features for 380 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Window features
    Window Coverings
    Rooms
    Dining Room
    APN
    26117110500100000
    Parking features
    Garage
    Patio and Porch features
    Porch
    Interior features
    Walk-In Closet(s), Attic, Ceiling Fan(s)
    Exterior features
    Overhead Door(s)
    Fireplace
    1
    Basement
    Crawl Space
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer, Water Softener Owned
    Size
    13,304 SF
    Lot size
    2.30 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Heating system
    Propane (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Flooring type
    Wood
    Building materials
    Steel Frame, Metal Siding, Steel Siding, Vinyl Siding
    Architectural style
    Other
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Pattie Armstrong

    Brokers Real Estate, Inc. (937) 498-4725 [email protected]

    Listing agent Pattie Armstrong (937) 498-4725

    Listing date Jan 11, 2026

    Copyright © 2026 Western Regional Information Systems and Technology, 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

    Mixed-Use Property with Auto Shop

    This mixed-use property presents a unique business and residential opportunity. The property includes a commercial building exceeding 5000 square feet with 16 ft. ceilings, currently operating as an auto fabrication and transmission shop. The commercial space features a reception area, showroom, restroom, office area, parts department, and multiple workstations. It is equipped with multiple overhead doors (9-9.5, 10 & 12 ft.) and heated floors, with easy access from any direction. An additional 1584 square foot rear shop building includes a full bath with shower, furnace, and central air. A newer front building, measuring 40x60 (2400 square feet), is fully insulated with concrete floors, overhead doors, and is plumbed for a bath. Three-phase power is available. The property is suitable for various industrial or commercial establishments. The transformed historic DeGraff Lumber Company building offers a rustic, chalet-inspired 2772 square foot, 3-bedroom, 2-bath residence on the first floor, with an additional unfinished 2772 square feet on the second floor. The residence features knotty pine walls, beamed and wood ceilings in the family room, a spacious country kitchen, and a master suite with a walk-in closet and private settee alcove. A rec room provides access to the catwalk leading to the main commercial shop building. The residence also includes a 1512 square foot attached garage. The property spans 2.3 acres and is located in De Graff, OH.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Noble's Auto Sales ... Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Food Market Storage Facility Grocery Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    De Graff
    County
    Logan
    State
    Ohio
    Longitude
    -83.913596
    Latitude
    40.305985

    Nearby Similar for Sale

    • $99,500
      456 SF

      Turn-Key Restaurant Opportunity in DeGraff

      Former pizza shop with equipment on State Route 235.
      325 Cretcher St, De Graff, OH 43318
      View Details
    • $99,900

      DeGraff Restaurant - Turnkey Opportunity

      Prime location, established restaurant, ready to operate.
      325 Cretcher St, De Graff, OH 43318
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial and residential opportunity with auto shop and living space.
    Where is this mixed-use property located?
    The property is located at 380 S Main St De Graff, OH.
    What is the asking price?
    The asking price for this property is $599,999.
    What are key features of this property?
    This property features: - Unique live/work opportunity with a spacious, renovated 3-bedroom residence attached to a large commercial building.; - **5000+ sq ft commercial building** equipped for auto fabrication/transmission or other industrial/commercial ventures, featuring 16 ft ceilings, multiple overhead doors, and heated floors.; - Rustic, chalet-inspired 2772 sq ft residence with knotty pine walls, beamed ceilings, a spacious country kitchen, and a master suite with walk-in closet.
    (937) 498-4725
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    380 S Main St De Graff, OH 43318
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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
    380 S Main St De Graff, OH 43318
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    Listing Contact
    Pattie Armstrong
    (937) 498-4725
    Learn more
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