Mixed-Use Property with Office
For Sale
Contact for pricing
123 N Court Street, Marysville, OH 43040
A 1900-built commercial property with prior office and dental-office use in Uptown Marysville.
Property Size4,383 SF
Price / SF$135.75
Days on Market247
Property Features for 123 N Court Street
General Information
Standard status
Active
Size
4,383 SF
Total Parking Spaces
17
Property subtype
Mixed Use, Land, Office
Building Details
Year Built
1900
Year Renovated
2000
Stories
3
Listing Agency:
Keller Williams Consultants
Listed By:
Jim Wimmers · License #386269
(937) 243-5558
Source:
Crexi
Added: Feb 10
Changed: Oct 14
Last Checked: Oct 14 at 8:33PM
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 Keller Williams Consultants
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 4,383 square feet and dates to 1900. The building has previously accommodated general office functions as well as a dental practice, providing a documented commercial layout with professional-service history.
The property is located in the Uptown Marysville area at 123 N Court Street in Marysville, Ohio. Its established office and dental-office background offers a clear starting point for continued professional use, subject to the buyer’s plans and applicable requirements.
The property is located in the Uptown Marysville area at 123 N Court Street in Marysville, Ohio. Its established office and dental-office background offers a clear starting point for continued professional use, subject to the buyer’s plans and applicable requirements.
Key Highlights
- 4,383‑square‑foot mixed‑use commercial property
- Built in 1900
- Previous general office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,963
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,260
$1.1M
Cap Rate 7%
$770,900
$770.9K
Cap Rate 9%
$599,589
$599.6K
Market Conditions
NOI Build-Up for 4,383 SF
Gross rent
$94.7K $21.60/SF
− Vacancy
−$22.7K −$5.18/SF
EGI
$72.0K $16.42/SF
− OpEx
−$18.0K −$4.10/SF
NOI
$54.0K $12.31/SF
Area
Union County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,079,260
Cap Rate 7%
$770,900
Cap Rate 9%
$599,589
Alternative Uses
Best Use
Office B
$770.9K
$674.5K – $899.4K
NOI $53,963 @ 7.0% cap · market cap 9.07%
Second Best
Healthcare Medical
$623.6K
$545.6K – $727.5K
NOI $43,650 @ 7.0% cap · market cap 7.34%
Theoretical Best
Warehouse
$883.4K
$773.0K – $1.03M
NOI $61,838 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Explore this area
Business Placement
Demographics for 43040, OH
35,853
Population
14,238
Households
2.5
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
166.3 sq mi
ZIP Area
216
Density / Sq Mi
$96,320
Median Household Income
$51,951
Median Earnings
$1,180
Median Rent
$275,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A 1900-built commercial property with prior office and dental-office use in Uptown Marysville.
Where is this mixed-use property located?
The property is located at 123 N Court Street Marysville, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,383‑square‑foot mixed‑use commercial property; Built in 1900; Previous general office use
