Flex Space with
For Sale
$178,900
103 Quinter Farm Road, Englewood, OH 45322
Commercial Sale, Englewood, OH
Property Size1,500 SF
Lot Size0.45 Acres
Price / SF$119.27
Days on Market463
Property Features for 103 Quinter Farm Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
56
Parking features
Parking Lot
Subdivision
Johnson
Directions
Take I-75 N. Take I-70 W to I-70ALT/S Main St in Englewood. Take exit 29 from I-70 W 12 min (11.8 mi). Follow S Main St to 103 Quinter Farm Rd
Standard status
Active
APN
M58003240002
Size
1,500 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Year built
1994
Building materials
Log
Architectural style
Rustic
Listing Agency:
Keller Williams Home Town Realty · Keller Williams Realty
(937) 890-9111
Listed By:
Kristann Wages · License #2016005155
(937) 499-0390
Added: Jun 20, 2025
Changed: Sep 2
Last Checked: Sep 25 at 7:06AM
MLS# 1039533
Copyright © 2026 Western Regional Information System & Technology, Inc. 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 1,500-square-foot commercial flex property occupies 0.45 acres in Union Township and was built in 1994 with log construction and a rustic architectural style. The interior includes two office rooms, two restrooms, and a separate workshop area. A framed exterior wall is prepared for garage door installation, adding functionality for a repair or service operation. Natural gas heat, central air, and public sewer are in place.
The property is located at 103 Quinter Farm Road in Englewood, Ohio, and carries C-1 General Commercial District zoning. A paved parking lot provides space for five to six vehicles. The configuration is suited to the retail, service, and office uses identified for the property.
The property is located at 103 Quinter Farm Road in Englewood, Ohio, and carries C-1 General Commercial District zoning. A paved parking lot provides space for five to six vehicles. The configuration is suited to the retail, service, and office uses identified for the property.
Key Highlights
- 1,500‑square‑foot commercial building on 0.45 acres
- C‑1 General Commercial District zoning
- Two office spaces, two restrooms, and a dedicated workshop area
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
$13,686
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
7.65%
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%
$273,720
$273.7K
Cap Rate 7%
$195,514
$195.5K
Cap Rate 9%
$152,067
$152.1K
Market Conditions
NOI Build-Up for 1,500 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
$25.7K $17.16/SF
− Vacancy
−$4.7K −$3.12/SF
EGI
$21.1K $14.04/SF
− OpEx
−$7.4K −$4.91/SF
NOI
$13.7K $9.12/SF
Area
Montgomery County, OH
Vacancy
18.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
35.00%
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%
$273,720
Cap Rate 7%
$195,514
Cap Rate 9%
$152,067
Alternative Uses
Best Use
Flex RnD
$195.5K
$171.1K – $228.1K
NOI $13,686 @ 7.0% cap · market cap 7.65%
Second Best
Office B
$176.6K
$154.6K – $206.1K
NOI $12,364 @ 7.0% cap · market cap 6.91%
Theoretical Best
Multifamily LT 5
$14.19M
$12.41M – $16.55M
NOI $993,100 @ 7.0% cap · market cap 555.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45322, OH
21,185
Population
9,266
Households
2.3
Avg Household Size
43
Median Age
28%
College-Educated
98%
High-School Grad
21.2 sq mi
ZIP Area
999
Density / Sq Mi
$72,073
Median Household Income
$44,201
Median Earnings
$1,036
Median Rent
$165,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - C-1 zoning accommodates retail, service, or office use in a multi-use commercial building.
Where is this flex space located?
The property is located at 103 Quinter Farm Road Englewood, OH.
What is the asking price?
The asking price for this property is $178,900.
What are key features of this property?
This property features: 1,500‑square‑foot commercial building on 0.45 acres; C‑1 General Commercial District zoning; Two office spaces, two restrooms, and a dedicated workshop area
