Brick Storefront with
For Sale
$185,000
1210 Celina Road, Saint Marys, OH 45885
Updated building systems and rear circulation support a range of commercial uses.
Property Size1,680 SF
Price / SF$110.12
Days on Market44
Property Features for 1210 Celina Road
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
12
Property subtype
General Commercial
Additional Details
Drive-Thru
Yes
Taxes and HOA fees
Annual Taxes
$889
Amenities
washer/dryer hook up
Central Air
3
Parking.
12 Parking Spaces. Paved Driveway, Lot, Public.
Irregular
Extra Storage. Paved Road.
Building Details
Year Built
1983
Year Renovated
2023
Buildings
1
Construction
brick
Listing Agency:
(419) 586-6427
Listed By:
Lake Shore Realtors
(419) 586-6427
Source:
Xome
Added: Jul 19
Changed: Aug 31
Last Checked: Aug 31 at 1:50PM
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 Lake Shore Realtors
Investment Insights
Based on property information with market context.
This 1,680-square-foot brick storefront was constructed in 1983 and includes large windows, central air, extra storage, and a washer/dryer hookup. The rear drive-through area offers additional functional space, while the paved lot and driveway provide parking for up to 12 vehicles. The exterior is designed for low-maintenance ownership, and the roof was replaced in 2023.
Electrical, plumbing, and heating systems were updated in 2015. The property is located next to a restaurant, providing an established commercial setting for a business seeking storefront exposure and customer access. Its existing configuration can accommodate a variety of retail, office, personal service, or food-oriented concepts, subject to applicable requirements.
Electrical, plumbing, and heating systems were updated in 2015. The property is located next to a restaurant, providing an established commercial setting for a business seeking storefront exposure and customer access. Its existing configuration can accommodate a variety of retail, office, personal service, or food-oriented concepts, subject to applicable requirements.
Key Highlights
- 1,680 SF brick storefront constructed in 1983
- Rear drive‑through area with potential for additional enclosed or outdoor use
- Roof replaced in 2023
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
$6,667
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
3.60%
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%
$133,340
$133.3K
Cap Rate 7%
$95,243
$95.2K
Cap Rate 9%
$74,078
$74.1K
Market Conditions
NOI Build-Up for 1,680 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
$9.9K $5.88/SF
− Vacancy
−$354 −$0.21/SF
EGI
$9.5K $5.67/SF
− OpEx
−$2.9K −$1.70/SF
NOI
$6.7K $3.97/SF
Area
Auglaize 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 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%
$133,340
Cap Rate 7%
$95,243
Cap Rate 9%
$74,078
Alternative Uses
Best Use
Office B
$294.2K
$257.5K – $343.3K
NOI $20,596 @ 7.0% cap · market cap 11.13%
Second Best
Retail
$95.2K
$83.3K – $111.1K
NOI $6,667 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45885, OH
12,863
Population
5,734
Households
2.2
Avg Household Size
41
Median Age
16%
College-Educated
95%
High-School Grad
72.4 sq mi
ZIP Area
178
Density / Sq Mi
$75,054
Median Household Income
$43,812
Median Earnings
$882
Median Rent
$153,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated building systems and rear circulation support a range of commercial uses.
Where is this storefront property located?
The property is located at 1210 Celina Road Saint Marys, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,680 SF brick storefront constructed in 1983; Rear drive‑through area with potential for additional enclosed or outdoor use; Roof replaced in 2023
