Renovated 8-Room
107 S Paul Street, Woodsfield, OH 43793
For Sale
$339,000
Includes a separate two-bedroom apartment and office, providing additional on-site space alongside guest accommodations.
Property Size3,302 SF
Price / SF$102.67
Days on Market51
Property Features for 107 S Paul Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
lobby with ice machine, vending, microwave
private laundry room with two washers, two dryers, and storage space
Building Details
Building Size
Year Built
Listing Agency:
Howard Hanna Real Estate Services
(740) 522-7946
Listed By:
Misty Dierkes · License OH #2020006490
(740) 213-0244
Source:
Kimberlysrealtycorp
Added: Sep 25
Changed: Nov 12
Last Checked: Nov 13 at 8:01AM
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 Howard Hanna Real Estate Services
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Investment Insights
Based on property information with market context.
Olive Tree Inn is an 8-room motel with a separate two-bedroom, two-bath apartment and office. Five guest rooms have two beds and three have one; beds are full- and queen-size. Rooms include televisions, small refrigerators and Friedrich PTECH 200-amp heating and cooling units replaced in 2015 and 2016. One room has a walk-in shower, while the others have tub-and-shower combinations. Bathrooms and room flooring have been renovated, and the property has a small lobby with an ice machine, vending machine and microwave.
A private laundry room, not intended for guest use, contains two washers and two dryers, along with storage and supply space. The office furnace was replaced in 2019, and a metal roof was installed in 2023. The 3,302-square-foot property was built in 1959 and is zoned Commercial. It is located at 107 S Paul Street in Woodsfield, Ohio.
A private laundry room, not intended for guest use, contains two washers and two dryers, along with storage and supply space. The office furnace was replaced in 2019, and a metal roof was installed in 2023. The 3,302-square-foot property was built in 1959 and is zoned Commercial. It is located at 107 S Paul Street in Woodsfield, Ohio.
Key Highlights
- 8 rentable rooms: five with two beds and three with one
- Separate two‑bedroom, two‑bath apartment and office
- Guest rooms include TVs, small refrigerators and Friedrich PTECH 200‑amp HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,747
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,940
$274.9K
Cap Rate 7%
$196,386
$196.4K
Cap Rate 9%
$152,744
$152.7K
Market Conditions
NOI Build-Up for 3,302 SF
Gross rent
$32.9K $9.96/SF
− Vacancy
−$3.9K −$1.20/SF
EGI
$28.9K $8.76/SF
− OpEx
−$15.2K −$4.60/SF
NOI
$13.7K $4.16/SF
Area
Monroe County, OH
Vacancy
12.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,940
Cap Rate 7%
$196,386
Cap Rate 9%
$152,744
Alternative Uses
Best Use
Hotel Hospitality
$196.4K
$171.8K – $229.1K
NOI $13,747 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$735.1K
$643.3K – $857.7K
NOI $51,460 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 43793, OH
4,829
Population
2,593
Households
1.9
Avg Household Size
47
Median Age
9%
College-Educated
91%
High-School Grad
105.5 sq mi
ZIP Area
46
Density / Sq Mi
$51,193
Median Household Income
$36,607
Median Earnings
$538
Median Rent
$136,800
Median Home Value
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Similar Off Market Nearby
- Olive Tree Inn — 107 S Paul St, Woodsfield, OH 43793
- Wisteria Inn and Small Event Center — 108 North St, Woodsfield, OH 43793
- Rance Industries House — 106 Andover Rd, Woodsfield, OH 43793
- Gun Club Road Country Inn — 40166 Gun Club Road, Woodsfield, OH 43793, United States
Frequently Asked Questions
What type of property is this?
Motel - Includes a separate two-bedroom apartment and office, providing additional on-site space alongside guest accommodations.
Where is this motel located?
The property is located at 107 S Paul Street Woodsfield, OH.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: 8 rentable rooms: five with two beds and three with one; Separate two‑bedroom, two‑bath apartment and office; Guest rooms include TVs, small refrigerators and Friedrich PTECH 200‑amp HVAC units
