Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    457 E Lucas St Bucyrus, OH 44820

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $129,000

    Salon with tanning bed and flexible additional rooms for sale.

    Lot size:
    0.07 Acres

    Property Features for 457 E Lucas St

    General Information

    Standard status
    Active
    Lot size
    0.07 Acres

    We can help!

    Listing Contact
    Raymond Darnell
    Source: Exprealty

    Listing Agency: ARK Realty of North Central Ohio, Inc. Listing Agent: Raymond Darnell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Salon Opportunity

    This property is currently used as a salon, presenting a business opportunity for prospective owners. The existing salon equipment is negotiable as part of the sale. The property features a fully functional tanning bed situated in a private room. Additionally, there are two vacant rooms that offer flexibility for adaptation to the new owner's specific needs. The building's exterior was painted in 2025. The salon has been operating for many years.
    Location Intelligence

    Current Use by Public Records

    B.A.#10 Hair Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bucyrus
    County
    Crawford
    State
    Ohio
    Longitude
    -82.9687264
    Latitude
    40.8022253

    Nearby Similar for Sale

    • $885,000
      7,288 SF

      Historic Al Capone's Hideout

      Updated sports bar with 45 rooms and rental income.
      112 W Mansfield St, Bucyrus, OH 44820
      View Details
    • $175,000
      2,384 SF

      Versatile Property on Corner Lot

      2384 sqft property suitable for single-family, duplex, or assisted living.
      210 Walnut St, Bucyrus, OH 44820
      View Details
    • $107,000
      4,780 SF

      Bucyrus Commercial Opportunity For Sale

      Former Salvation Army property with multiple buildings and potential.
      224 Rensselaer St, Bucyrus, OH 44820
      View Details
    • $99,900
      Pending

      Bucyrus Commercial Opportunity For Sale

      Commercial building suitable for a car lot or auto repair.
      322 Sandusky Ave, Bucyrus, OH 44820
      View Details
    • $129,000
      1,104 SF

      Established Salon Opportunity in Bucyrus

      Commercial property in Bucyrus, OH, ideal for salon or retail.
      457 Lucas St, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      30,000 SF

      Bucyrus Warehouse/Manufacturing Space Available

      30,000 SF warehouse/manufacturing space with loading docks in Bucyrus, OH.
      1520 Isaac Beal Rd, Bucyrus, OH 44820
      View Details
    • $55,000
      Pending

      Four-Story Warehouse in Bucyrus, OH

      Large warehouse with over an acre of land for sale.
      428 Mansfield St, Bucyrus, OH 44820
      View Details
    • New
      $89,900
      2,028 SF

      Bucyrus Commercial Building For Sale

      2,028 SF commercial building with tenant in place.
      903 W Mansfield St, Bucyrus, OH 44820
      View Details
    • $209,000
      10,324 SF

      Retail and Living Space Available

      Commercial building with retail space and living quarters for sale.
      310 S Sandusky Ave, Bucyrus, OH 44820
      View Details
    • $885,000

      Historic Al Capone's Hideout Bar

      Historic bar and updated sports bar with rental rooms.
      112 W Mansfield St, Bucyrus, OH 44820
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Bucyrus, Ohio

      8,000 SF retail space with signage opportunity.
      1855 E Mansfield St, Bucyrus, OH 44820
      View Details
    • $899,000

      Historic Bucyrus Investment Opportunity

      Profitable Multi-Unit Property with Bar
      112 Mansfield St, Bucyrus, OH 44820
      View Details

    FAQs

    What type of property is this?
    Retail space - Salon with tanning bed and flexible additional rooms for sale.
    Where is this retail space located?
    The property is located at 457 E Lucas St Bucyrus, OH.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: - Established salon business with long-term operational history.; - Includes a fully functional tanning bed in a private room.; - Negotiable salon equipment included in the sale.
    (419) 569-2290
    Request Owner's contact information
    457 E Lucas St Bucyrus, OH 44820
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    457 E Lucas St
    Bucyrus, OH 44820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    457 E Lucas St Bucyrus, OH 44820
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Raymond Darnell
    (419) 569-2290
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.