Office Building For
For Sale
$299,900
1534 S Main Street, Bellefontaine, OH 43311
For sale office building located on S Main Street in Bellefontaine, Ohio.
Property Size1,316 SF
Days on Market126
Property Features for 1534 S Main Street
General Information
Standard status
Active
Size
1,316 SF
Total Parking Spaces
10
Zoning
B3
Taxes and HOA fees
Annual Taxes
$2,416
Amenities
Forced Air, Natural Gas
Building Details
Building Size
1,316 SF
Year Built
1960
Stories
1
Listing Agency:
Bell Hankins Realty Group, LLC
Listed By:
Chelsey K Bailey
(937) 935-1392
Source:
Evrealestate
Added: Jun 24
Changed: Oct 26
Last Checked: Oct 26 at 4:48PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is an office building offered for sale.
The building is located in Logan County on S Main Street in Bellefontaine, Ohio.
Additional details regarding the building’s layout, size, condition, or income potential were not provided.
The building is located in Logan County on S Main Street in Bellefontaine, Ohio.
Additional details regarding the building’s layout, size, condition, or income potential were not provided.
Key Highlights
- Office building for sale on S Main Street in Bellefontaine, Ohio
- Built in 1960
- Heating: forced air with natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,171
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,420
$323.4K
Cap Rate 7%
$231,014
$231.0K
Cap Rate 9%
$179,678
$179.7K
Market Conditions
NOI Build-Up for 1,316 SF
Gross rent
$28.3K $21.53/SF
− Vacancy
−$6.8K −$5.15/SF
EGI
$21.6K $16.38/SF
− OpEx
−$5.4K −$4.10/SF
NOI
$16.2K $12.29/SF
Area
Logan County, OH
Vacancy
23.90%
Lease Rate
$21.53 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,420
Cap Rate 7%
$231,014
Cap Rate 9%
$179,678
Alternative Uses
Best Use
Office B
$231.0K
$202.1K – $269.5K
NOI $16,171 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.6K
$232.4K – $309.9K
NOI $18,595 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 43311, OH
20,029
Population
9,497
Households
2.1
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
103.8 sq mi
ZIP Area
193
Density / Sq Mi
$64,217
Median Household Income
$40,341
Median Earnings
$833
Median Rent
$183,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - For sale office building located on S Main Street in Bellefontaine, Ohio.
Where is this office building located?
The property is located at 1534 S Main Street Bellefontaine, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Office building for sale on S Main Street in Bellefontaine, Ohio; Built in 1960; Heating: forced air with natural gas
