Mixed-Use Building with Office
For Sale
$275,000
102 W Main Street, Barnesville, OH 43713
CommercialSale, Barnesville, OH
Property Size4,720 SF
Lot Size0.03 Acres
Price / SF$58.26
Days on Market60
Property Features for 102 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Elementary school district
Barnesville EVSD - 701
Middle school district
Barnesville EVSD - 701
High school district
Barnesville EVSD - 701
Directions
St Rt 800 S to Barnesville. Located at the second stop light at the corner of St Rt 800 and Main St.
Standard status
Active
APN
42-02596.000
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1703
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1910
Number of units
4
Listing Agency:
Sulek & Experts Real Estate
(740) 425-9040
Listed By:
Susan M Hallstrom · License #2010003682
(740) 310-0118
Added: Jun 24
Changed: Aug 20
Last Checked: Aug 22 at 6:06AM
MLS# 5222123
Copyright © 2026 MLS Now. 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 4,720-square-foot mixed-use building contains a former pharmacy-level retail area and two upper stories that can support office use. A third-floor apartment buildout has been started, while the basement was previously used as an income-producing apartment; basement access was not available during the listing review.
Constructed in 1910, the property was remodeled in 2018. Public water and public sewer serve the building, with natural gas heating. The address is 102 W Main Street in Barnesville, Ohio, placing the building within the Main Street commercial area.
Constructed in 1910, the property was remodeled in 2018. Public water and public sewer serve the building, with natural gas heating. The address is 102 W Main Street in Barnesville, Ohio, placing the building within the Main Street commercial area.
Key Highlights
- 4,720 SF mixed‑use building
- Former pharmacy retail space on Main Street
- Two upper stories suited for office use
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
$15,800
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
5.75%
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%
$316,000
$316.0K
Cap Rate 7%
$225,714
$225.7K
Cap Rate 9%
$175,556
$175.6K
Market Conditions
NOI Build-Up for 4,720 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
$27.7K $5.86/SF
− Vacancy
−$2.4K −$0.50/SF
EGI
$25.3K $5.36/SF
− OpEx
−$9.5K −$2.01/SF
NOI
$15.8K $3.35/SF
Area
Belmont County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
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%
$316,000
Cap Rate 7%
$225,714
Cap Rate 9%
$175,556
Alternative Uses
Best Use
Office B
$645.7K
$565.0K – $753.3K
NOI $45,199 @ 7.0% cap · market cap 16.44%
Second Best
Retail
$500.2K
$437.7K – $583.6K
NOI $35,017 @ 7.0% cap · market cap 12.73%
Theoretical Best
Specialty Retail
$925.3K
$809.6K – $1.08M
NOI $64,769 @ 7.0% cap · market cap 23.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 43713, OH
7,227
Population
3,015
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
90%
High-School Grad
90.9 sq mi
ZIP Area
80
Density / Sq Mi
$61,206
Median Household Income
$33,662
Median Earnings
$542
Median Rent
$171,300
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?
Mixed-use property - Main Street commercial building with retail frontage and upper-level office and apartment buildout potential.
Where is this mixed-use property located?
The property is located at 102 W Main Street Barnesville, OH.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4,720 SF mixed‑use building; Former pharmacy retail space on Main Street; Two upper stories suited for office use
