Building Details

Building Size 540 SF

Year Built 1920

Listing Agency: CCR Realtors

Listed By: Dawn Iiames Show Phone

Source: Koehlerrealty

Added: Oct 29 Last Checked: Oct 29 at 2:42PM

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Investment Insights

Based on property information with market context.

This storefront has an open service area, a private restroom and an additional sink with cabinetry. Interior features include vinyl flooring, updated finishes, overhead lighting and a drop ceiling. The space previously housed a hair salon, and its layout is also described for salon, wellness, tattoo and specialty retail operations. The building dates to 1920.

Located at 110 W Main Street in Beaverdam, the property has large front windows facing the street and on-street parking. The windows bring natural light into the space and provide views toward Main Street.

Key Highlights

• Open service area with private restroom
• Separate sink and cabinet area
• Large front windows provide natural light and face Main Street

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$2,143

Cap Rate

4.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$42,860 $42.9K

Cap Rate 7%

$30,614 $30.6K

Cap Rate 9%

$23,811 $23.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 540 SF

Gross rent

$3.2K $5.88/SF

− Vacancy

−$114 −$0.21/SF

EGI

$3.1K $5.67/SF

− OpEx

−$918 −$1.70/SF

NOI

$2.1K $3.97/SF

Area

Allen 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%

$42,860

Cap Rate 7%

$30,614

Cap Rate 9%

$23,811

Alternative Uses

Best Use

Retail

$30.6K

$26.8K – $35.7K (±1% cap)

NOI $2,143 @ 7.0% cap · market cap 4.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$130.1K

$113.8K – $151.8K (±1% cap)

NOI $9,105 @ 7.0% cap · market cap 18.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Parking Lot & Garage Hair Salon Nail Salon Auto Parts Store Grocery & Convenience Store

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

145

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45808, OH

282

Population

188

Households

1.5

Avg Household Size

35

Median Age

6%

College-Educated

81%

High-School Grad

0.6 sq mi

ZIP Area

470

Density / Sq Mi

$75,833

Median Household Income

$36,146

Median Earnings

$973

Median Rent

$100,200

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

Frequently Asked Questions

What type of property is this?

Storefront property - A private restroom and separate sink-and-cabinet area complement the adaptable service floor.

Where is this storefront property located?

The property is located at 110 W Main Street Beaverdam, OH.

What is the asking price?

The asking price for this property is $49,900.

What are key features of this property?

This property features: Open service area with private restroom; Separate sink and cabinet area; Large front windows provide natural light and face Main Street