Building Details

Year Built 1902

Buildings 1

Stories 2

Listing Agency: Plum Tree Realty

Listed By: Jamie L Ogden Show Phone

Source: Missyfriede

Added: Aug 19 Changed: Sep 12 Last Checked: Oct 6 at 12:49AM

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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 Plum Tree Realty

Investment Insights

Based on property information with market context.

Located at 107 N Main St in Georgetown, this 3,915 SF mixed-use building combines an operating commercial component on the main level with additional space upstairs. The second floor provides flexibility for apartments, offices, or expanded commercial use, subject to approvals.

Rear access supports loading and unloading for day-to-day commercial operations. The property sits on the Main Square in downtown Georgetown, and the current lease structure may accommodate a future owner seeking occupancy, subject to lease terms.

Key Highlights

• 3,915 SF mixed‑use building at 107 N Main St, Georgetown, OH
• Main level currently occupied by a commercial business
• Second floor may support apartments, offices, or additional commercial space, subject to approvals

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,537

Cap Rate

7.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$310,740 $310.7K

Cap Rate 7%

$221,957 $222.0K

Cap Rate 9%

$172,633 $172.6K

Market Conditions

NOI Build-Up for 3,915 SF

Gross rent

$23.0K $5.88/SF

− Vacancy

−$824 −$0.21/SF

EGI

$22.2K $5.67/SF

− OpEx

−$6.7K −$1.70/SF

NOI

$15.5K $3.97/SF

Area

Brown County, OH

Vacancy

3.58%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$310,740

Cap Rate 7%

$221,957

Cap Rate 9%

$172,633

Alternative Uses

Best Use

Retail

$222.0K

$194.2K – $259.0K (±1% cap)

NOI $15,537 @ 7.0% cap · market cap 7.81%

Second Best

Mixed Use

$187.2K

$163.8K – $218.4K (±1% cap)

NOI $13,106 @ 7.0% cap · market cap 6.59%

Theoretical Best

Office A

$774.1K

$677.3K – $903.1K (±1% cap)

NOI $54,185 @ 7.0% cap · market cap 27.23%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Plumbing Service Bakery HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

326

Businesses Nearby

13k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 85% Home Improvements & Furnishings 8% Electronics 7%

United Dairy Farmers Shops & Services

7,867 visits/mo 0.1 miles

Shell Shops & Services

3,268 visits/mo 0.1 miles

Rent 2 Own Home Improvements & Furnishings

1,080 visits/mo 0.4 miles

Verizon Electronics

969 visits/mo 0.5 miles

Carquest Auto Parts - Seips Auto Parts Shops & Services

304 visits/mo 0.4 miles

Demographics for 45121, OH

8,927

Population

4,243

Households

2.1

Avg Household Size

43

Median Age

19%

College-Educated

86%

High-School Grad

106.8 sq mi

ZIP Area

84

Density / Sq Mi

$57,274

Median Household Income

$34,907

Median Earnings

$680

Median Rent

$150,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Main-level commercial space pairs with a second floor suited to future plans, subject to approvals.

Where is this mixed-use property located?

The property is located at 107 N Main St Georgetown, OH.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: 3,915 SF mixed‑use building at 107 N Main St, Georgetown, OH; Main level currently occupied by a commercial business; Second floor may support apartments, offices, or additional commercial space, subject to approvals