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Live-Work Property with Office

& 743 1/2 Harding Way W Galion, OH 44833

& 743 1/2 Harding Way W, Galion, OH, 44833
$185,000
For Sale
Claim this Listing
$185,000

COMMERCIAL - Galion, OH

Property Size923 SF
Lot Size0.21 Acres
Price / SF$200.43
AddedMay 27
Days on Market51
Last RefreshJul 15 at 11:06 pm

Property Features for & 743 1/2 Harding Way W

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
190026791000
Lot size
0.21 Acres

Taxes and HOA fees

Tax Description
41 X 237 436 WMDPT BK 973 PG 1138PB PG
Tax Annual Amount
771

Utilities

Heating system
Natural Gas, Baseboard

Building Details

Year built
1940
Roof type
Composition

Listing agent Danielle Holt

Listing office Sluss Realty 1641 Park Avenue West, OH

Listing date May 27, 2026

MLS# 9073520

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 live-work property includes a one-bedroom, one-bath apartment and a separate office space. The apartment features a 12x14 wood deck built in 1998, some updated vinyl windows, large closets, and access to shared laundry, along with a working gas fireplace in the office area. The office space also includes built-in bookcase elements. The property is situated on a large lot that is partially fenced for the apartment, with covered patio and privacy fencing for tenant use. A koi pond is located in the backyard.

Improvements include a detached three-car garage with electric built in 1998, with a new roof on the garage in 2025 and an updated AC unit. Each unit is served by separate 100-amp electric boxes. Parking includes a shared parking lot plus gravel three-car parking that belongs to this listing. The apartment and office are served within the same property footprint on Harding Way W in Galion, Ohio.

Key Highlights

  • 1‑bed/1‑bath apartment with 527 SF; includes updated vinyl windows and large closets
  • Separate office space with 923 SF, with a built‑in bookcase and a working gas fireplace
  • Wood deck (12x14) built in 1998 off the back of the apartment and a covered patio with privacy fencing

Local Financial Insights For Office B

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $14.7k $15.96
− Vacancy −$2.9k −$3.19
EGI $11.8k $12.77
− OpEx −$2.9k −$3.19
NOI $8.8k $9.58
923 SF · lease $15.96/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$126.3K
$110.5K – $147.3K (±1% cap)
NOI $8,839 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$82.7K
$72.3K – $96.5K (±1% cap)
NOI $5,787 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$180.9K
$158.3K – $211.1K (±1% cap)
NOI $12,666 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Live-work space

Suggested Use

Real Estate Agency Law Firm Dental Office Parking Lot & Garage Big Box & Wholesale Store Furniture & Home Goods Daycare Center Barber Shop Electrical Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Live-work space - Separate apartment and office space are on a partially fenced lot with a covered patio and shared parking.
Where is this live-work space located?
The property is located at & 743 1/2 Harding Way W Galion, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1‑bed/1‑bath apartment with 527 SF; includes updated vinyl windows and large closets; Separate office space with 923 SF, with a built‑in bookcase and a working gas fireplace; Wood deck (12x14) built in 1998 off the back of the apartment and a covered patio with privacy fencing
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