Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1433 S Main Street Bellefontaine, OH 43311

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    4.5-acre commercial lot in Bellefontaine's business district.

    Type:General Commercial
    Property size:
    2,568 SF
    Lot size:
    4.50 Acres
    Price / SF:
    $545/SF
    Added:
    Aug 4, 2024
    Days on Market:
    641
    Last Refresh:
    Apr 1 at 8:59 pm

    Property Features for 1433 S Main Street

    General Information

    Standard status
    Active
    Size
    2,568 SF
    Lot size
    4.50 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Heidi Baker

    Listing agent Heidi Baker

    Listing office Bell Hankins Realty Group, LLC

    Listing date Aug 4, 2024

    Source Xome

    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 Bell Hankins Realty Group, LLC

    HighLights

    • Prime commercial location in Bellefontaine's business district.
    • High visibility with 300 feet of road frontage on Main Street.
    • Large 4.5‑acre lot.
    • High traffic count of 17,000 vehicles daily.
    • Versatile 2,500 sq ft one‑story brick building suitable for various business types.
    • Zoned B1 Neighborhood Business District.

    Overview

    Prime Commercial Lot on Main

    This commercial real estate opportunity is located in Bellefontaine's business district. The property includes a 4.5-acre lot with 300 feet of road frontage on Main Street. The location offers accessibility to local traffic and out-of-town commuters, with an average of 17,000 vehicles passing daily. The property includes a one-story brick building spanning 2,500 square feet. The versatile layout can suit various business needs, including retail, office space, or a creative hub. Potential uses include a commercial center, restaurant, entertainment venue, bank, boutique, or specialty shop. The property is zoned B1 Neighborhood Business District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Superior Auto Used ... Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.761823
    Latitude
    40.3400465

    Nearby Similar for Sale

    • $795,000
      9,600 SF

      Spacious Land with Large Outbuilding

      12.7-acre property with a 9,600 sq ft outbuilding in Ohio.
      1274 Township Road 204, Bellefontaine, OH 43311
      View Details
    • $219,900
      1,384 SF

      Versatile Commercial Building in Bellefontaine

      Adaptable commercial space with endless possibilities in a prime location.
      717 S Main Street, Bellefontaine, OH 43311
      View Details
    • $49,500

      Commercial Land with Road Frontage

      Two parcels of land with road frontage in Bellefontaine, OH.
      W Columbus Avenue, Bellefontaine, OH 43311
      View Details
    • $480,000

      Bellefontaine Land Opportunity

      11.8 acres of cleared land ready for development.
      532 Florence Avenue, Bellefontaine, OH 43311
      View Details
    • $795,000
      9,600 SF

      12.7-Acre Property with Outbuilding

      Multi-use rural property with 9,600 sq ft outbuilding.
      1274 Township Road 204, Bellefontaine, OH 43311
      View Details
    • $189,900

      Scenic Land Parcel in Bellefontaine

      5.52-acre parcel perfect for a custom home or hobby farm.
      160 N County Road 25, Bellefontaine, OH 43311
      View Details
    • $47,000

      Commercial Land in Bellefontaine, OH

      Two parcels with road frontage, zoned commercial and residential.
      W Columbus Avenue, Bellefontaine, OH 43311
      View Details
    • $285,000
      1,888 SF

      Commercial Building in Downtown Bellefontaine

      Commercial building in the business district of downtown Bellefontaine, OH.
      207-209 S Main Street, Bellefontaine, OH 43311
      View Details
    • $104,900

      Bellefontaine, OH Building Lot

      Almost 2 acre building lot near Bellefontaine and West Liberty.
      685 E Township Road 190, Bellefontaine, OH 43311
      View Details
    • $285,000
      1,888 SF

      Downtown Bellefontaine Commercial Building

      Commercial building in downtown Bellefontaine, Ohio, with flexible rental options.
      207-209 S Main Street, Bellefontaine, OH 43311
      View Details
    • $195,900
      1,872 SF

      Income-Producing Duplex in Bellefontaine, OH

      Well-maintained duplex with two units generating $1,900 monthly income.
      605 N Detroit Street, Bellefontaine, OH 43311
      View Details
    • $350,000
      4,872 SF

      Historic Post Office Landmark Property

      Iconic Bellefontaine building with versatile potential in a vibrant downtown.
      201 W Chillicothe Avenue, Bellefontaine, OH 43311
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.5-acre commercial lot in Bellefontaine's business district.
    Where is this commercial land located?
    The property is located at 1433 S Main Street Bellefontaine, OH.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Prime commercial location in Bellefontaine's business district.; **High visibility with 300 feet of road frontage on Main Street.**; Large 4.5‑acre lot.
    (937) 935-2450
    We can help!
    Listing Contact
    Heidi Baker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1433 S Main Street, Bellefontaine, OH 43311
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!