Office Units with Private
For Sale
$179,900
900 E Main St, Ashland, OH 44805
Commercial Bldg Sale,Office Bldg Sale,Retail Sale, Ashland, OH
Property Size1,800 SF
Lot Size0.16 Acres
Price / SF$99.94
Days on Market135
Property Features for 900 E Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3-Hwy Svc Business Distr
Directions
Corner of E Main St and Ashland Ave.
Subdivision
Ashland
Standard status
Active
APN
P43-030-0-0156-00
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
2188
Tax Annual Amount
1618
Legal Description
2188
Utilities
Heating system
Baseboard, Electric (Heating), Forced Air, Natural Gas
Building Details
Year built
1948
Roof type
Shingle
Listing Agency:
Coldwell Banker Ward Real Estate · Coldwell Banker Real Estate
(419) 281-2000
Listed By:
Rob Ward
(419) 651-9701
Added: Apr 26
Changed: Aug 25
Last Checked: Sep 7 at 7:06PM
MLS# 10231005
Copyright © 2026 Mansfield Association of Realtors. 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.
This office property includes two separate commercial buildings with private parking. The primary building contains approximately 1,200 square feet across two levels, with a lobby, receptionist/work room, five offices, kitchenette, and half bath. Its exterior features vinyl siding and vinyl windows. The second building provides approximately 600 square feet with a lobby and large open area suited to office or retail use. Each building has separate utilities, and the property includes shingle roofing and multiple heating systems, including forced air, natural gas, electric heating, and baseboard units.
The buildings occupy a corner lot on E. Main St. in Ashland, Ohio, with 10 private parking spaces. The property is zoned B3-Hwy Svc Business Distr and was built in 1948.
The buildings occupy a corner lot on E. Main St. in Ashland, Ohio, with 10 private parking spaces. The property is zoned B3-Hwy Svc Business Distr and was built in 1948.
Key Highlights
- Two commercial buildings totaling approximately 1,800 square feet
- Primary building includes five offices, lobby, work room, kitchenette, and half bath
- Second building offers approximately 600 square feet with a lobby and large open area
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
$16,257
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
9.04%
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%
$325,140
$325.1K
Cap Rate 7%
$232,243
$232.2K
Cap Rate 9%
$180,633
$180.6K
Market Conditions
NOI Build-Up for 1,800 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
$24.2K $13.44/SF
− Vacancy
−$968 −$0.54/SF
EGI
$23.2K $12.90/SF
− OpEx
−$7.0K −$3.87/SF
NOI
$16.3K $9.03/SF
Area
Ashland County, OH
Vacancy
4.00%
Lease Rate
$13.44 /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%
$325,140
Cap Rate 7%
$232,243
Cap Rate 9%
$180,633
Alternative Uses
Best Use
Office B
$246.2K
$215.5K – $287.3K
NOI $17,237 @ 7.0% cap · market cap 9.58%
Second Best
Retail
$232.2K
$203.2K – $271.0K
NOI $16,257 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$339.7K
$297.2K – $396.3K
NOI $23,777 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 44805, OH
31,238
Population
13,248
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
151.1 sq mi
ZIP Area
207
Density / Sq Mi
$62,058
Median Household Income
$35,122
Median Earnings
$835
Median Rent
$165,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two separate buildings offer private parking, dedicated utilities, and flexible office layouts.
Where is this office units located?
The property is located at 900 E Main St Ashland, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two commercial buildings totaling approximately 1,800 square feet; Primary building includes five offices, lobby, work room, kitchenette, and half bath; Second building offers approximately 600 square feet with a lobby and large open area
