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    Downtown Mixed-Use Corner Property Title is generated by Realmo AI

    1 N LIMESTONE ST, Jamestown, OH 45335

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    Mixed-use building combines ground-floor retail spaces with upper-level apartment units and on-site surface parking.

    Type:Retail, Mixed Use
    Property size:
    13,787 SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 3:19 am

    Property Features for 1 N LIMESTONE ST

    General Information

    Standard status
    Active
    Size
    13,787 SF
    Property subtype
    Retail, Mixed Use

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Will Goering

    Listing agent Will Goering License #OH

    Listing office Prodigy Properties

    Listing date Jun 1, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Prodigy Properties

    HighLights

    • Mixed‑use building totaling approx. 13,787 SF on a prominent downtown Jamestown corner lot
    • Built in 1996, featuring 6 ground‑level retail/commercial spaces and 10 upper‑level apartment units
    • Full unfinished basement offers potential for tenant storage income or future amenities
    • Surface parking for approximately 10 vehicles
    • Sold AS‑IS, WHERE‑IS; property sold free and clear of all liens (offers subject to court approval)

    Overview

    This mixed-use property was constructed in 1996 and totals approximately 13,787 square feet. The building includes six ground-level retail or commercial spaces and ten residential apartment units on the upper level. A full, unfinished basement adds additional space that may support tenant storage income or future amenity development. Surface parking is provided for approximately 10 vehicles.

    The property is located on a prominent corner lot in downtown Jamestown, Ohio. It is described as being anchored in the central business district with strong visibility and easy accessibility. The listing notes immediate proximity to local retailers, services, and community amenities.

    From an operator or investor perspective, the layout supports two complementary income streams through retail and residential tenants within the same building. The unfinished basement may provide flexibility for added storage or future improvements, subject to buyer due diligence and any applicable requirements. The property is being offered For Sale by a Court-Appointed Receiver and is sold AS-IS, WHERE-IS, free and clear of liens, with offers subject to final court approval.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Greene
    State
    Ohio
    Longitude
    -83.735831
    Latitude
    39.6679796

    Nearby Similar for Sale

    • $650,000
      2,642 SF

      Southern Greene County Agricultural Tract

      37-acre agricultural tract with custom home and outbuildings.
      3131 Bone Road, Jamestown, OH 45335
      View Details
    • $89,000

      Historic Brick Retail Building

      Vacant 1900-era brick building with a flexible interior, suited for retail or redevelopment after renovation.
      13 North Limestone Street, Jamestown, OH 45335
      View Details

    FAQs

    What type of property is this?
    Apartment building - Mixed-use building combines ground-floor retail spaces with upper-level apartment units and on-site surface parking.
    Where is this apartment building located?
    The property is located at 1 N LIMESTONE ST Jamestown, OH.
    What are key features of this property?
    This property features: Mixed‑use building totaling approx. 13,787 SF on a prominent downtown Jamestown corner lot; Built in 1996, featuring 6 ground‑level retail/commercial spaces and 10 upper‑level apartment units; Full unfinished basement offers potential for tenant storage income or future amenities
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Will Goering
    Real Estate License ID: OH
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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.

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