& 743 1/2 Harding Way W Galion, OH 44833
COMMERCIAL - Galion, OH
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 (740) 361-1630
Listing office Sluss Realty 1641 Park Avenue West, OH (419) 529-3047
Listing date May 27, 2026
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.
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 |