Two-Story Mixed-Use
For Sale
$199,000
107 N Main Street, Georgetown, OH 45121
Commercial Sale, Georgetown, OH
Property Size3,915 SF
Lot Size0.10 Acres
Price / SF$50.83
Days on Market53
Property Features for 107 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From US-68, turn on R Main Street (OH-125) and continue into downtown Georgetown. turn R at main light Property is located L on the Main Square
Subdivision
Brown-E11
Standard status
Active
APN
33-067920.0000
Size
3,915 SF
Lot size
0.10 Acres
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1902
Flooring type
Carpet, Wood
Building materials
Brick, Metal Siding
Roof type
Membrane, Rolled Hot Mop
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Jamie Ogden
(513) 378-4663
Added: Jul 9
Changed: Aug 22
Last Checked: Aug 30 at 7:06AM
MLS# 1885428
Copyright © 2026 MLS of Greater Cincinnati, 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.
Built in 1902, this two-level mixed-use property contains 3,915 square feet on a 0.103-acre parcel. The main floor is occupied by a commercial business, while the upper level provides additional space that could accommodate apartments, offices, or other commercial use subject to required approvals. Brick and metal siding, wood and carpet flooring, electric heat, and a membrane and rolled hot mop roof complete the existing improvements.
The property is located at 107 N Main Street on the Main Square in Georgetown, Ohio. Rear access supports loading and unloading for commercial operations. A current lease is in place, with flexibility for a future owner seeking occupancy, subject to the lease terms.
The property is located at 107 N Main Street on the Main Square in Georgetown, Ohio. Rear access supports loading and unloading for commercial operations. A current lease is in place, with flexibility for a future owner seeking occupancy, subject to the lease terms.
Key Highlights
- 3,915‑square‑foot mixed‑use building on a 0.103‑acre parcel
- Two levels with commercial occupancy on the main floor
- Second floor may support apartments, offices, or commercial use 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
Property Profile
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property with rear access supporting loading and unloading operations.
Where is this mixed-use property located?
The property is located at 107 N Main Street 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‑square‑foot mixed‑use building on a 0.103‑acre parcel; Two levels with commercial occupancy on the main floor; Second floor may support apartments, offices, or commercial use subject to approvals
