Building Details

Buildings 1

Listing Agency: Tranzon Asset Advisors t***@tranzon.com Show Phone

Listed By: Edward Durnil · License #P1734 Show Phone

Source: Doyle-realty

Added: Aug 12 Changed: Aug 24 Last Checked: Aug 24 at 5:20AM

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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 Tranzon Asset Advisors

Investment Insights

Based on property information with market context.

This 3,315-square-foot commercial building sits on a 0.56-acre site within McComb’s downtown Main Street business district. The 1990-built property includes private offices, counter and service areas, security wiring, and technology wiring, providing an existing interior framework for future renovation. On-site parking and a drive-through lane add functional convenience.

The property has Main Street frontage in a walkable village-center setting with local foot traffic and civic activity. C-3 (Downtown Business) zoning supports its established commercial setting. The configuration may accommodate professional office, medical or dental, insurance, government or municipal, and community-service uses, subject to applicable approvals.

Key Highlights

• 3,315 ± sq. ft. commercial building on a 0.56 ± acre site
• C‑3 (Downtown Business) zoning
• Main Street frontage in downtown McComb’s business district

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

$13,156

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

8.77%

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%

$263,120 $263.1K

Cap Rate 7%

$187,943 $187.9K

Cap Rate 9%

$146,178 $146.2K

Market Conditions

NOI Build-Up for 3,315 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

$19.5K $5.88/SF

− Vacancy

−$698 −$0.21/SF

EGI

$18.8K $5.67/SF

− OpEx

−$5.6K −$1.70/SF

NOI

$13.2K $3.97/SF

Area

Hancock 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%

$263,120

Cap Rate 7%

$187,943

Cap Rate 9%

$146,178

Alternative Uses

Best Use

Specialty Retail

$924.7K

$809.1K – $1.08M (±1% cap)

NOI $64,726 @ 7.0% cap · market cap 43.15%

Second Best

Retail

$187.9K

$164.5K – $219.3K (±1% cap)

NOI $13,156 @ 7.0% cap · market cap 8.77%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Premier Bank Bank ATM Atm

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Storage Facility Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 45858, OH

3,038

Population

1,075

Households

2.8

Avg Household Size

38

Median Age

25%

College-Educated

94%

High-School Grad

62.0 sq mi

ZIP Area

49

Density / Sq Mi

$66,552

Median Household Income

$39,557

Median Earnings

$938

Median Rent

$169,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - C-3 zoning, on-site parking, and a drive-through lane support flexible commercial occupancy.

Where is this storefront property located?

The property is located at 124 East Main Street McComb, OH.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: 3,315 ± sq. ft. commercial building on a 0.56 ± acre site; C‑3 (Downtown Business) zoning; Main Street frontage in downtown McComb’s business district