Brick Storefront with Large
For Sale
$185,000
1210 Celina Road, Saint Marys, OH 45885
Commercial Sale, Saint Marys, OH
Property Size1,680 SF
Lot Size0.55 Acres
Price / SF$110.12
Days on Market47
Property Features for 1210 Celina Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Parking
12
Parking features
Parking Lot
Interior features
Attic
Appliances
Dishwasher, Gas Water Heater, Microwave, Range, Refrigerator
Subdivision
NPT W1/2 SE N Rd
Directions
Take Celina Road to La Carretta, it is right next to it.
Standard status
Active
APN
K3206204600
Size
1,680 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1983
Flooring type
Vinyl
Building materials
Brick, Vinyl Siding, Wood Siding
Architectural style
Other
Listing Agency:
Lake Shore Realtors · Coldwell Banker Real Estate
Listed By:
Lynn Rinderle
(419) 586-6427
Added: Jul 20
Changed: Aug 19
Last Checked: Sep 4 at 4:06AM
MLS# 1047156
Copyright © 2026 Western Regional Information System & Technology, 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 1,680-square-foot storefront property occupies a 0.55-acre parcel and features a brick exterior, large windows, vinyl flooring, an attic, and a parking lot. The building was constructed in 1983 as a bank and includes a dishwasher, gas water heater, microwave, range, refrigerator, and washer/dryer hookups. Central air and electric heat pump service the interior, while public sewer serves the property.
Building systems were updated in 2015, including the heating, plumbing, and electrical components, and the roof was replaced in 2023. The rear drive-through area could be converted into additional interior space or used for outdoor seating, subject to applicable approvals. The property is located at 1210 Celina Road in Saint Marys, Ohio, with parking for up to 12 vehicles.
Building systems were updated in 2015, including the heating, plumbing, and electrical components, and the roof was replaced in 2023. The rear drive-through area could be converted into additional interior space or used for outdoor seating, subject to applicable approvals. The property is located at 1210 Celina Road in Saint Marys, Ohio, with parking for up to 12 vehicles.
Key Highlights
- 1,680‑square‑foot storefront on a 0.55‑acre parcel
- Brick exterior with large windows and vinyl flooring
- 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained commercial space with updated building systems, central air, and on-site parking.
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‑square‑foot storefront on a 0.55‑acre parcel; Brick exterior with large windows and vinyl flooring; Roof replaced in 2023
