Historic Mixed-Use
For Sale
$129,000
141 E Main Street, Barnesville, OH 43713
Downtown commercial building with exposed brick, upper-level restoration potential, and public parking across the street.
Property Size3,360 SF
Days on Market83
Property Features for 141 E Main Street
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,558
Building Details
Building Size
3,360 SF
Year Built
1900
Buildings
1
Listing Agency:
Harvey Goodman, REALTOR
(740) 238-1838
Listed By:
Samantha K Welch
(740) 238-1838
Source:
Carolgoffrealestate
Added: Jun 9
Changed: Aug 28
Last Checked: Aug 29 at 10:19AM
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 Harvey Goodman, REALTOR
Investment Insights
Based on property information with market context.
Built in 1900, this downtown commercial building retains original interior brick walls that provide a distinctive historic finish. The second floor reportedly has original hardwood flooring beneath the existing surface, creating an opportunity for restoration of another period detail.
The property is positioned on East Main Street in Barnesville, Ohio, with a public parking lot directly across the street. The building has been identified as suitable for retail, office, apartment, or mixed-use plans, subject to applicable approvals and design requirements.
The property is positioned on East Main Street in Barnesville, Ohio, with a public parking lot directly across the street. The building has been identified as suitable for retail, office, apartment, or mixed-use plans, subject to applicable approvals and design requirements.
Key Highlights
- 1900‑built commercial building in downtown Barnesville
- Original exposed brick walls remain inside the building
- Second floor reportedly has original hardwood beneath current flooring
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
$11,248
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
8.72%
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%
$224,960
$225.0K
Cap Rate 7%
$160,686
$160.7K
Cap Rate 9%
$124,978
$125.0K
Market Conditions
NOI Build-Up for 3,360 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
$19.7K $5.86/SF
− Vacancy
−$1.7K −$0.50/SF
EGI
$18.0K $5.36/SF
− OpEx
−$6.7K −$2.01/SF
NOI
$11.2K $3.35/SF
Area
Belmont County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
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%
$224,960
Cap Rate 7%
$160,686
Cap Rate 9%
$124,978
Alternative Uses
Best Use
Retail
$356.1K
$311.6K – $415.5K
NOI $24,927 @ 7.0% cap · market cap 19.32%
Second Best
Mixed Use
$160.7K
$140.6K – $187.5K
NOI $11,248 @ 7.0% cap · market cap 8.72%
Theoretical Best
Specialty Retail
$658.7K
$576.3K – $768.5K
NOI $46,107 @ 7.0% cap · market cap 35.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
Family Dollar
Shops & Services
6,417 visits/mo
0.2 miles
Marathon
Shops & Services
5,538 visits/mo
0.0 miles
WesBanco
Shops & Services
5,360 visits/mo
0.0 miles
SUBWAY
Dining
1,851 visits/mo
0.2 miles
Domino's Pizza
Dining
1,691 visits/mo
0.2 miles
Demographics for 43713, OH
7,227
Population
3,015
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
90%
High-School Grad
90.9 sq mi
ZIP Area
80
Density / Sq Mi
$61,206
Median Household Income
$33,662
Median Earnings
$542
Median Rent
$171,300
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 - Downtown commercial building with exposed brick, upper-level restoration potential, and public parking across the street.
Where is this mixed-use property located?
The property is located at 141 E Main Street Barnesville, 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: 1900‑built commercial building in downtown Barnesville; Original exposed brick walls remain inside the building; Second floor reportedly has original hardwood beneath current flooring
