Three-Storefront Mixed-Use
For Sale
$250,000
112 Main Street, Ripley, OH 45167
SINGLE_FAMILY - Ripley, OH
Property Size1,178 SF
Lot Size0.12 Acres
Price / SF$212.22
Days on Market184
Property Features for 112 Main Street
General Information
Property type
Residential
Property subtype
Retail
Directions
US 52 E. Property on Left
Subdivision
Brown-E11
Standard status
Active
Size
1,178 SF
Lot size
0.12 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1900
Flooring type
Concrete
Building materials
Brick, Stone
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Michael Jennings
(513) 378-4663
Added: Feb 10
Changed: Jun 11
Last Checked: Aug 13 at 1:06AM
MLS# 1868273
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.
This for-sale commercial property is a three-storefront building totaling 1,178 square feet on a 0.12-acre lot. The configuration supports a range of tenant and operating needs, making it well suited for businesses that benefit from street-facing frontages and multiple entry points.
Located at 112 Main Street in Ripley, Ohio, the property is presented as a downtown opportunity with strong street presence. Its storefront setup provides direct exposure to passersby along Main Street and supports flexible utilization across the building’s multiple fronts.
For owner-users, the building offers the ability to combine business use with income from additional storefront space, subject to how the layout is used. For investors, the three storefront configuration can allow for separate occupancy planning. Prospective buyers should review the on-site floor plan details and how each storefront can be adapted for their intended retail, office, or restaurant-type concept.
Located at 112 Main Street in Ripley, Ohio, the property is presented as a downtown opportunity with strong street presence. Its storefront setup provides direct exposure to passersby along Main Street and supports flexible utilization across the building’s multiple fronts.
For owner-users, the building offers the ability to combine business use with income from additional storefront space, subject to how the layout is used. For investors, the three storefront configuration can allow for separate occupancy planning. Prospective buyers should review the on-site floor plan details and how each storefront can be adapted for their intended retail, office, or restaurant-type concept.
Key Highlights
- Prime downtown Ripley location with high visibility
- Versatile 3‑storefront commercial building suitable for various businesses
- Strong investment income potential
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
$14,176
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
5.67%
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%
$283,520
$283.5K
Cap Rate 7%
$202,514
$202.5K
Cap Rate 9%
$157,511
$157.5K
Market Conditions
NOI Build-Up for 1,178 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
$25.3K $21.48/SF
− Vacancy
−$6.4K −$5.43/SF
EGI
$18.9K $16.05/SF
− OpEx
−$4.7K −$4.01/SF
NOI
$14.2K $12.03/SF
Area
Brown County, OH
Vacancy
25.30%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$283,520
Cap Rate 7%
$202,514
Cap Rate 9%
$157,511
Alternative Uses
Best Use
Office B
$202.5K
$177.2K – $236.3K
NOI $14,176 @ 7.0% cap · market cap 5.67%
Second Best
Specialty Retail
$71.6K
$62.6K – $83.5K
NOI $5,009 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$232.9K
$203.8K – $271.7K
NOI $16,304 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 45167, OH
3,441
Population
1,710
Households
2
Avg Household Size
48
Median Age
16%
College-Educated
89%
High-School Grad
61.9 sq mi
ZIP Area
56
Density / Sq Mi
$66,875
Median Household Income
$40,804
Median Earnings
$730
Median Rent
$162,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Retail space - Three storefront spaces in a downtown Ripley building suited to retail, office, or food-service use.
Where is this retail space located?
The property is located at 112 Main Street Ripley, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime downtown Ripley location with high visibility; Versatile 3‑storefront commercial building suitable for various businesses; Strong investment income potential
