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    Duplex with Leased Units Title is generated by Realmo AI

    116 E Walker Street, Upper Sandusky, OH 43351

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    For Sale
    $249,000

    Duplex with leased residential and commercial units.

    Type:Duplex
    Added:
    Nov 21, 2025
    Days on Market:
    187
    Last Refresh:
    May 19 at 9:31 pm

    Property Features for 116 E Walker Street

    General Information

    Standard status
    Active
    Property subtype
    Duplex

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Kristy E Gottfried

    Listing agent Kristy E Gottfried

    Listing office WMS Marketing Services

    Listing date Nov 21, 2025

    Source Kw

    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 WMS Marketing Services

    HighLights

    • Fully leased through August 2026, providing immediate rental income.
    • Average monthly income of $2,800.00+.
    • Designed for Airbnb rental and sleeps 6 adults with 3 queen size beds.
    • Includes both forced air and mini‑split interior features.
    • Equipped with essential appliances: dishwasher, microwave, electric range, refrigerator, and stacked washer/dryer.
    • Two bathrooms for a one‑bedroom unit.

    Overview

    This property features an upstairs/downstairs layout with a one-bedroom, two-bathroom space designed for Airbnb rentals, accommodating up to six adults with three queen-size beds. The unit is currently leased through August 2026. A portion of the downstairs area is leased to a hair salon, which includes one restroom. The property generates an average monthly income of $2,800.00 or more. The average monthly utility costs are: Gas $120.00, Water/Sewer/Trash $155.00, and Electric $215.00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Clippers Barber Shop Shear Design Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Upper Sandusky
    County
    Erie
    State
    Ohio
    Longitude
    -83.3077
    Latitude
    40.8171

    Nearby Similar for Sale

    • $375,000
      5,400 SF

      Industrial Warehouse in Upper Sandusky

      5,400 SF industrial warehouse suitable for manufacturing and storage.
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      View Details
    • $315,000
      28,500 SF

      Versatile Industrial Facility in Upper Sandusky

      28,500 SF industrial property with essential equipment for various uses.
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    FAQs

    What type of property is this?
    Duplex - Duplex with leased residential and commercial units.
    Where is this duplex located?
    The property is located at 116 E Walker Street Upper Sandusky, OH.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Fully leased through August 2026, providing immediate rental income.; Average monthly income of $2,800.00+.; Designed for Airbnb rental and sleeps 6 adults with 3 queen size beds.
    (419) 294-4366
    We can help!
    Listing Contact
    Kristy E Gottfried
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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