Office Building with
For Sale
$459,000
Pending
1010 Harrison Ave, Harrison, OH 45030
Flexible layout includes private offices, conference space, showroom, and basement storage.
Property Size3,296 SF
Days on Market23
Property Features for 1010 Harrison Ave
General Information
Standard status
Pending
Size
3,296 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,548
Amenities
conference room
showroom
full basement
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Realty
(513) 325-8547
Listed By:
Joan M. Lane-Isbell
(513) 325-8547
Source:
Exprealty
Added: Jul 30
Changed: Aug 21
Last Checked: Aug 21 at 11:34AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 3,296-square-foot office building at 1010 Harrison Ave includes eight private offices, a spacious conference room, a dedicated showroom, and two restrooms. A full basement adds substantial storage space, while the interior arrangement can accommodate professional, medical, financial, retail, or service-oriented operations. Paved parking provides capacity for 11+ vehicles.
The property is positioned in Harrison with exposure to approximately 18,000 vehicles passing daily. I-74 is only minutes away, providing a convenient connection for employees, clients, and visitors. The combination of private work areas, meeting space, display area, basement storage, and on-site parking creates a versatile commercial setting for a range of business uses.
The property is positioned in Harrison with exposure to approximately 18,000 vehicles passing daily. I-74 is only minutes away, providing a convenient connection for employees, clients, and visitors. The combination of private work areas, meeting space, display area, basement storage, and on-site parking creates a versatile commercial setting for a range of business uses.
Key Highlights
- 3,296 SF office building at 1010 Harrison Ave
- Eight private offices plus a spacious conference room
- Dedicated showroom and two restrooms
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
$40,408
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
8.80%
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%
$808,160
$808.2K
Cap Rate 7%
$577,257
$577.3K
Cap Rate 9%
$448,978
$449.0K
Market Conditions
NOI Build-Up for 3,296 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
$70.8K $21.48/SF
− Vacancy
−$16.9K −$5.13/SF
EGI
$53.9K $16.35/SF
− OpEx
−$13.5K −$4.09/SF
NOI
$40.4K $12.26/SF
Area
Huron County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$808,160
Cap Rate 7%
$577,257
Cap Rate 9%
$448,978
Alternative Uses
Best Use
Office B
$577.3K
$505.1K – $673.5K
NOI $40,408 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$685.1K
$599.4K – $799.2K
NOI $47,954 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 45030, OH
21,234
Population
8,756
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
40.1 sq mi
ZIP Area
530
Density / Sq Mi
$97,228
Median Household Income
$50,146
Median Earnings
$1,101
Median Rent
$234,500
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 building - Flexible layout includes private offices, conference space, showroom, and basement storage.
Where is this office building located?
The property is located at 1010 Harrison Ave Harrison, OH.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 3,296 SF office building at 1010 Harrison Ave; Eight private offices plus a spacious conference room; Dedicated showroom and two restrooms
