131 & 123 N Chestnut Street Jefferson, OH 44047
SINGLE_FAMILY - Jefferson, OH
Property Features for 131 & 123 N Chestnut Street
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking
- 15
- Standard status
- Active
- APN
- 260190011500
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 38 & 40 ASHTABULA ST
- Tax Annual Amount
- 2614
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1950
Listing agent Victoria S Miller License #412174 (440) 813-3379
Listing office Berkshire Hathaway HomeServices Professional Realty 1 Lawyers Row, Mentor, OH (440) 576-6985
Listing date Jul 15, 2026
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Investment Insights
Based on property information with market context.
Located on the highly traveled west side of N. Chestnut Street (State Route 46), the property provides approximately 142 feet of road frontage and strong visibility along a business corridor. The site sits on a 0.68-acre parcel and is intended to accommodate customer parking and deliveries.
The mix of front retail/showroom space and back warehouse area can support a range of owner-occupant or business uses, including retail, service, office, distribution, or mixed-use operations, based on the flexible configuration described in the listing.
Key Highlights
- Versatile commercial building with 3,764 SF total: 2,604 SF retail/showroom plus 1,160 SF warehouse
- Approximately 142 ft of road frontage on N. Chestnut Street (State Route 46) with high‑traffic exposure
- 0.68‑acre parcel provides ample room for customer parking and deliveries
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $9.96 |
| − Vacancy | −$4.5k | −$1.20 |
| EGI | $33.0k | $8.76 |
| − OpEx | −$11.5k | −$3.07 |
| NOI | $21.4k | $5.70 |
