Remodeled Office with Banquet
103 Walnut Street Pleasantville, OH 43148
For Sale
Contact for pricing
Remodeled office layout includes multiple offices, a conference room, and a banquet hall with a fully remodeled kitchen.
Property Size3,312 SF
Price / SF$120.77
Days on Market72
Property Features for 103 Walnut Street
General Information
- Standard status
- Active
- Size
- 3,312 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1951
Listing Agency:
Century 21 Excellence Realty
(614) 325-6077
Listed By:
Jenna Debolt · License #2017001375
Source:
Crexi
Added: May 13
Changed: Jul 22
Last Checked: Jul 23 at 3:16PM
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 Century 21 Excellence Realty
Investment Insights
Based on property information with market context.
This remodeled office property features five large office rooms, two storage rooms, and a dedicated conference room. It also includes a banquet hall supported by a fully remodeled kitchen, with recessed lighting throughout and a large tiled foyer. Additional commercial storefront doors are included for direct entry.
The property includes two additional lots for ample parking. A newer metal roof installed in 2018 provides recent exterior improvements.
Per the provided information, zoning permits office, retail, event center, restaurant, and church uses; buyers should verify zoning requirements for their intended use.
The property includes two additional lots for ample parking. A newer metal roof installed in 2018 provides recent exterior improvements.
Per the provided information, zoning permits office, retail, event center, restaurant, and church uses; buyers should verify zoning requirements for their intended use.
Key Highlights
- Remodeled office space (built 1951) with 5 large office rooms plus a conference room
- Banquet hall with a fully remodeled kitchen and recessed lighting throughout
- Large tiled foyer and commercial storefront doors
Financial Insights For Specialty Retail
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 | $19.1k | $5.76 |
| − Vacancy | −$420 | −$0.13 |
| EGI | $18.7k | $5.63 |
| − OpEx | −$4.7k | −$1.41 |
| NOI | $14.0k | $4.22 |
3,312 SF · lease $5.76/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$570.9K
$499.6K – $666.1K
NOI $39,964 @ 7.0% cap · market cap 9.99%
Second Best
Industrial
$549.7K
$481.0K – $641.4K
NOI $38,482 @ 7.0% cap · market cap 9.62%
Theoretical Best
Warehouse
$667.5K
$584.1K – $778.8K
NOI $46,728 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Garver asset protection
Security Service
FAQs
What type of property is this?
Office building - Remodeled office layout includes multiple offices, a conference room, and a banquet hall with a fully remodeled kitchen.
Where is this office building located?
The property is located at 103 Walnut Street Pleasantville, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Remodeled office space (built 1951) with 5 large office rooms plus a conference room; Banquet hall with a fully remodeled kitchen and recessed lighting throughout; Large tiled foyer and commercial storefront doors
