Commercial Land with Existing
For Sale
$390,000
10451049 1045-1049 N Main St, Bellefontaine, OH 43311
Three connected parcels include an updated professional building, paved parking, and B2/B3 zoning near State Route 33.
Property Size2,129 SF
Price / SF$183.18
Days on Market89
Property Features for 10451049 1045-1049 N Main St
General Information
Standard status
Active
Size
2,129 SF
Listing Agency:
Key Realty
Listed By:
Malia K Hughes · License #2008001822
(937) 935-8008
Source:
Dreamcolumbus
Added: Jul 21
Changed: Oct 10
Last Checked: Oct 7 at 3:32PM
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 Key Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land offering combines three parcels totaling approximately one acre with an existing professional building. The building has received numerous updates and provides space suited to office, retail, studio, or showroom functions. A large paved parking area serves the property and provides on-site access for customers, clients, and employees.
Positioned at the north end of Bellefontaine, the property benefits from visibility along N. Main Street and access to State Route 33. Active B2 and B3 zoning supports the current commercial setting and provides flexibility for office, retail, service, and redevelopment uses identified for the property. The offering includes both improved real estate and additional land for future planning.
Positioned at the north end of Bellefontaine, the property benefits from visibility along N. Main Street and access to State Route 33. Active B2 and B3 zoning supports the current commercial setting and provides flexibility for office, retail, service, and redevelopment uses identified for the property. The offering includes both improved real estate and additional land for future planning.
Key Highlights
- Three parcels totaling approximately one acre
- Active B2 and B3 zoning
- Updated professional building with office, retail, studio, or showroom space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,162
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,240
$523.2K
Cap Rate 7%
$373,743
$373.7K
Cap Rate 9%
$290,689
$290.7K
Market Conditions
NOI Build-Up for 2,129 SF
Gross rent
$45.8K $21.53/SF
− Vacancy
−$11.0K −$5.15/SF
EGI
$34.9K $16.38/SF
− OpEx
−$8.7K −$4.10/SF
NOI
$26.2K $12.29/SF
Area
Logan County, OH
Vacancy
23.90%
Lease Rate
$21.53 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,240
Cap Rate 7%
$373,743
Cap Rate 9%
$290,689
Alternative Uses
Best Use
Office B
$373.7K
$327.0K – $436.0K
NOI $26,162 @ 7.0% cap · market cap 6.71%
Second Best
Retail
$119.1K
$104.2K – $138.9K
NOI $8,334 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$429.8K
$376.0K – $501.4K
NOI $30,083 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 43311, OH
20,029
Population
9,497
Households
2.1
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
103.8 sq mi
ZIP Area
193
Density / Sq Mi
$64,217
Median Household Income
$40,341
Median Earnings
$833
Median Rent
$183,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Three connected parcels include an updated professional building, paved parking, and B2/B3 zoning near State Route 33.
Where is this commercial land located?
The property is located at 10451049 1045-1049 N Main St Bellefontaine, OH.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Three parcels totaling approximately one acre; Active B2 and B3 zoning; Updated professional building with office, retail, studio, or showroom space
