Two-Level Mixed-Use
For Sale
$199,000
107 N Main St, Georgetown, OH 45121
Main-level commercial space pairs with a second floor suited to future plans, subject to approvals.
Property Size3,915 SF
Price / SF$50.83
Days on Market45
Property Features for 107 N Main St
General Information
Standard status
Active
Size
3,915 SF
Taxes and HOA fees
Annual Taxes
$850
Building Details
Buildings
1
Stories
2
Listing Agency:
Plum Tree Realty
(937) 417-8072
Listed By:
Jamie L Ogden
(937) 417-8072
Source:
Exprealty
Added: Jul 9
Changed: Aug 21
Last Checked: Aug 21 at 11:12AM
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.
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 = 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
$15,537
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
7.81%
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%
$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
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
$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 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%
$310,740
Cap Rate 7%
$221,957
Cap Rate 9%
$172,633
Alternative Uses
Best Use
Retail
$222.0K
$194.2K – $259.0K
NOI $15,537 @ 7.0% cap · market cap 7.81%
Second Best
Mixed Use
$187.2K
$163.8K – $218.4K
NOI $13,106 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$774.1K
$677.3K – $903.1K
NOI $54,185 @ 7.0% cap · market cap 27.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
