Building Details

Building Size 4,080 SF

Year Built 1910

Listing Agency: SAYRE SEALS & MCMILLAN REAL ESTATE LLC

Listed By: Jeremy Seals · License #2016001814 Show Phone

Source: Camtaylor

Added: Apr 30 Changed: Oct 8 Last Checked: Oct 19 at 2:46PM

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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 SAYRE SEALS & MCMILLAN REAL ESTATE LLC

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Investment Insights

Based on property information with market context.

This mixed-use property combines a main-level retail/commercial storefront with two upper-level residential apartment units. The building is currently home to Clark's Hardware, and the basement is described as fully stocked with additional chattels for the hardware business. Off-street parking is located on the side of the business.

The property is positioned on W Main Street in the heart of Junction City, Ohio, and is presented as a live/work/invest style configuration with both commercial and residential income components under one roof.

Key Highlights

• Commercial building built in 1910, currently home to Clark's Hardware
• Main‑level retail/commercial storefront plus two upper‑level residential apartment units
• Included fully stocked basement with additional chattels for the hardware

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,405

Cap Rate

4.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$948,100 $948.1K

Cap Rate 7%

$677,214 $677.2K

Cap Rate 9%

$526,722 $526.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,080 SF

Gross rent

$89.1K $21.84/SF

− Vacancy

−$21.4K −$5.24/SF

EGI

$67.7K $16.60/SF

− OpEx

−$20.3K −$4.98/SF

NOI

$47.4K $11.62/SF

Area

Perry County, OH

Vacancy

24.00%

Lease Rate

$21.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$948,100

Cap Rate 7%

$677,214

Cap Rate 9%

$526,722

Alternative Uses

Best Use

Retail

$677.2K

$592.6K – $790.1K (±1% cap)

NOI $47,405 @ 7.0% cap · market cap 4.84%

Second Best

Multifamily LT 5

$618.0K

$540.8K – $721.0K (±1% cap)

NOI $43,260 @ 7.0% cap · market cap 4.42%

Theoretical Best

Warehouse

$822.3K

$719.5K – $959.4K (±1% cap)

NOI $57,563 @ 7.0% cap · market cap 5.87%

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

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Building Supply Plumbing Service Auto Parts Store Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Explore this area Business Placement

Demographics for 43748, OH

2,711

Population

1,175

Households

2.3

Avg Household Size

40

Median Age

11%

College-Educated

88%

High-School Grad

36.8 sq mi

ZIP Area

74

Density / Sq Mi

$72,552

Median Household Income

$45,833

Median Earnings

$747

Median Rent

$163,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Retail storefront on the main level with two upper residential apartment units and an included stocked basement.

Where is this mixed-use property located?

The property is located at 118 W Main Street Junction City, OH.

What is the asking price?

The asking price for this property is $979,800.

What are key features of this property?

This property features: Commercial building built in 1910, currently home to Clark's Hardware; Main‑level retail/commercial storefront plus two upper‑level residential apartment units; Included fully stocked basement with additional chattels for the hardware