Mixed-Use Commercial Income
119 N Detroit St West Liberty, OH
119 N Detroit St, West Liberty, OH, 00000
$349,900
For Sale
$349,900
Well-maintained building includes three apartments and a separately rented main-floor shop.
Property Size6,000 SF
Price / SF$58.32
Days on Market67
Property Features for 119 N Detroit St
General Information
- Standard status
- Active
- Size
- 6,000 SF
Listing agency
Howard Hanna Real Estate Services
(937) 592-9498
Listed by
Robbin Kramer
(937) 592-9498
Source
Exprealty
Added: May 17 Updated: Jul 22 at 6:53AM Checked: Jul 22 at 6:53AM
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
Investment Insights
Based on property information with market context.
This well-maintained commercial building includes three apartments: two one-bedroom units and one two-bedroom unit. Tenants pay their own utilities except for water, which is paid by the landlord. A pre-existing shop is also rented on the main floor, providing an additional income stream; the business itself is not for sale, only the real estate.
The property is located in the heart of West Liberty. For showings, please allow 48 hours' notice.
The building’s mix of residential units and a leased ground-floor shop supports a straightforward income structure with tenant-paid utilities (excluding water) for the apartments.
The property is located in the heart of West Liberty. For showings, please allow 48 hours' notice.
The building’s mix of residential units and a leased ground-floor shop supports a straightforward income structure with tenant-paid utilities (excluding water) for the apartments.
Key Highlights
- Commercial building in the heart of West Liberty includes 3 apartments (two 1BR and one 2BR).
- Main floor includes a pre‑existing shop that is separately rented; business is not for sale—only the real estate.
- Tenants pay their own utilities except water; landlord pays water.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $6.48 |
| − Vacancy | −$2.5k | −$0.41 |
| EGI | $36.4k | $6.07 |
| − OpEx | −$10.9k | −$1.82 |
| NOI | $25.5k | $4.25 |
6,000 SF · lease $6.48/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$835.9K
$731.4K – $975.2K
NOI $58,514 @ 7.0% cap · market cap 16.72%
Second Best
Apartment 5plus
$769.2K
$673.1K – $897.4K
NOI $53,846 @ 7.0% cap · market cap 15.39%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,042 @ 7.0% cap · market cap 23.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained building includes three apartments and a separately rented main-floor shop.
Where is this triplex located?
The property is located at 119 N Detroit St West Liberty, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Commercial building in the heart of West Liberty includes 3 apartments (two 1BR and one 2BR).; Main floor includes a pre‑existing shop that is separately rented; business is not for sale—only the real estate.; Tenants pay their own utilities except water; landlord pays water.
