Building Details

Year Built 1960

Buildings 1

Listing Agency: Northwest Real Estate Services

Listed By: Curt Sigg Show Phone

Source: Nwohiohomes

Added: Apr 1 Changed: Oct 30 Last Checked: Oct 30 at 2:17AM

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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 Northwest Real Estate Services

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Investment Insights

Based on property information with market context.

This mixed-use property contains 2,640 square feet, with as many as four private offices, two restrooms, and a warehouse or flex area. An overhead door serves the warehouse space. The building was constructed in 1960.

Paved parking accommodates up to six vehicles. The office and warehouse components provide a combination of workspace and storage within one building.

Key Highlights

• 2,640‑square‑foot building
• Up to four private offices
• Warehouse or flex area with an overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,837

Suggested Prices Based on Cap Rates

Cap Rate 5%

$176,740 $176.7K

Cap Rate 7%

$126,243 $126.2K

Cap Rate 9%

$98,189 $98.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,640 SF

Gross rent

$15.5K $5.86/SF

− Vacancy

−$1.3K −$0.50/SF

EGI

$14.1K $5.36/SF

− OpEx

−$5.3K −$2.01/SF

NOI

$8.8K $3.35/SF

Area

Allen 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 Rate 5%

$176,740

Cap Rate 7%

$126,243

Cap Rate 9%

$98,189

Alternative Uses

Best Use

Flex RnD

$216.6K

$189.5K – $252.7K (±1% cap)

NOI $15,161 @ 7.0% cap · market cap 1,010.73%

Second Best

Warehouse

$188.2K

$164.7K – $219.6K (±1% cap)

NOI $13,173 @ 7.0% cap · market cap 878.20%

Theoretical Best

Office A

$635.9K

$556.4K – $741.9K (±1% cap)

NOI $44,512 @ 7.0% cap · market cap 2,967.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

405

Businesses Nearby

Explore this area Business Placement

Demographics for 45817, OH

6,420

Population

2,479

Households

2.6

Avg Household Size

40

Median Age

36%

College-Educated

98%

High-School Grad

64.0 sq mi

ZIP Area

100

Density / Sq Mi

$82,784

Median Household Income

$42,820

Median Earnings

$842

Median Rent

$195,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Private offices and restrooms complement a warehouse area with an overhead door.

Where is this mixed-use property located?

The property is located at 142 Vance Street Bluffton, OH.

What are key features of this property?

This property features: 2,640‑square‑foot building; Up to four private offices; Warehouse or flex area with an overhead door