Mixed-Use Retail and
For Sale
$875,000
8724 Us Highway 68 N West Liberty, West Liberty, OH 43357
A B-1 zoned mixed-use parcel with a retail barn, storefront addition, and two residences on US Hwy 68.
Property Size6,992 SF
Lot Size2.47 Acres
Price / SF$125.14
Days on Market39
Property Features for 8724 Us Highway 68 N West Liberty
General Information
Standard status
Active
Size
6,992 SF
Total Parking Spaces
20
Lot size
2.47 Acres
Zoning
B-1
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$5,035
Amenities
No
Well
2.47
20.0
6992.0
Building Details
Building Size
6,992 SF
Year Built
1995
Stories
2
Listing Agency:
(614) 660-5959
Listed By:
John Stomps
(614) 660-5959
Source:
Movenowohio
Added: Jul 14
Changed: Aug 16
Last Checked: Aug 21 at 3:58AM
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 John Stomps
Investment Insights
Based on property information with market context.
This mixed-use property includes a large retail barn plus two additional commercial and residential components. The centerpiece is a 6,992± SF country store barn with retail space, a half bath, pellet stove and heat pump, a walkout upper level, and a work room with washtub and foam insulation. A 960 SF commercial storefront addition was added in 1996 and may function as a separate space with its own entrance and designated parking. The barn roof was seal-coated in 2021.
The property offers parking with blacktop and gravel for approximately 20+ vehicles, along with a storage shed and propane service for the buildings (an owned propane tank plus a buried propane tank that is leased). The residential portion consists of Home One, a 2-bedroom, 2-bath modular built in 1995 with updated flooring, paint, kitchen appliances (2023), laundry room, covered back porch, and a fenced yard, and Home Two, a 2-bedroom, 2-bath manufactured home built in 1982 with updated windows and front and back porches.
The parcel is located in Salem Township and within the West Liberty-Salem School District and is zoned B-1, supporting flexible live/work, small business, and multi-generational residential use.
The property offers parking with blacktop and gravel for approximately 20+ vehicles, along with a storage shed and propane service for the buildings (an owned propane tank plus a buried propane tank that is leased). The residential portion consists of Home One, a 2-bedroom, 2-bath modular built in 1995 with updated flooring, paint, kitchen appliances (2023), laundry room, covered back porch, and a fenced yard, and Home Two, a 2-bedroom, 2-bath manufactured home built in 1982 with updated windows and front and back porches.
The parcel is located in Salem Township and within the West Liberty-Salem School District and is zoned B-1, supporting flexible live/work, small business, and multi-generational residential use.
Key Highlights
- 2.47‑acre mixed‑use property on US Hwy 68 in Salem Township, zoned B‑1
- 6,992 SF retail barn (built 1995) with half bath, pellet stove, heat pump, walkout upper level and foam insulation
- Additional 960 SF commercial storefront added in 1996 with its own entrance and designated parking
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
$29,686
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
3.39%
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%
$593,720
$593.7K
Cap Rate 7%
$424,086
$424.1K
Cap Rate 9%
$329,844
$329.8K
Market Conditions
NOI Build-Up for 6,992 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
$45.3K $6.48/SF
− Vacancy
−$2.9K −$0.41/SF
EGI
$42.4K $6.07/SF
− OpEx
−$12.7K −$1.82/SF
NOI
$29.7K $4.25/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$6.48 /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%
$593,720
Cap Rate 7%
$424,086
Cap Rate 9%
$329,844
Alternative Uses
Best Use
Retail
$424.1K
$371.1K – $494.8K
NOI $29,686 @ 7.0% cap · market cap 3.39%
Second Best
Mixed Use
$335.5K
$293.6K – $391.4K
NOI $23,486 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,772 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Groceries 29%
Dining 9%
Shell
Shops & Services
7,243 visits/mo
0.4 miles
Thoman IGA
Groceries
3,439 visits/mo
0.4 miles
SUBWAY
Dining
1,093 visits/mo
0.3 miles
Demographics for 43357, OH
4,848
Population
1,732
Households
2.8
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
68.0 sq mi
ZIP Area
71
Density / Sq Mi
$86,392
Median Household Income
$48,419
Median Earnings
$687
Median Rent
$215,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A B-1 zoned mixed-use parcel with a retail barn, storefront addition, and two residences on US Hwy 68.
Where is this mixed-use property located?
The property is located at 8724 Us Highway 68 N West Liberty West Liberty, OH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2.47‑acre mixed‑use property on US Hwy 68 in Salem Township, zoned B‑1; 6,992 SF retail barn (built 1995) with half bath, pellet stove, heat pump, walkout upper level and foam insulation; Additional 960 SF commercial storefront added in 1996 with its own entrance and designated parking
