Office Building with Meeting
1534 S Main Street Bellefontaine Bellefontaine, OH 43311
1534 S Main Street Bellefontaine, Bellefontaine, OH, 43311
$349,900
For Sale
$349,900
Office and meeting configuration with recent interior updates and parking for convenient client access.
Property Size1,316 SF
Price / SF$265.88
Days on Market10
Property Features for 1534 S Main Street Bellefontaine
General Information
- Standard status
- Active
- Size
- 1,316 SF
Building Details
- Year Built
- 1960
Listing Agency
(614) 660-5959
Listed by
Joe Herban
(614) 660-5959
Source
Movenowohio
Added: Jul 7 Checked: Jul 16 at 2:51 am
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 Joe Herban
Investment Insights
Based on property information with market context.
This office building totals 1,316 sq. ft. and is currently laid out for office and meeting use. The interior includes private office space, open work areas, a client workstation, a restroom, a storage area, and a dedicated mechanical room. Recent interior updates include newer flooring, creating a more current, professional presentation.
The property is located on South Main Street at a signalized intersection with average daily traffic counts of 15,000 to 18,000. It sits directly across from Chipotle and Tsunami Car Wash, supporting strong neighborhood visibility. Access and convenience are supported by ample on-site parking, including 5 concrete spaces in the front and 5 additional asphalt spaces in the rear.
For buyers or operators, the existing office-focused layout can work well for professional offices, meeting-based operations, or service businesses seeking a prominent, easy-to-reach storefront position. The property is zoned B3 - General Business District, offering flexibility for a range of commercial uses consistent with that zoning category.
The property is located on South Main Street at a signalized intersection with average daily traffic counts of 15,000 to 18,000. It sits directly across from Chipotle and Tsunami Car Wash, supporting strong neighborhood visibility. Access and convenience are supported by ample on-site parking, including 5 concrete spaces in the front and 5 additional asphalt spaces in the rear.
For buyers or operators, the existing office-focused layout can work well for professional offices, meeting-based operations, or service businesses seeking a prominent, easy-to-reach storefront position. The property is zoned B3 - General Business District, offering flexibility for a range of commercial uses consistent with that zoning category.
Key Highlights
- 1,316 SF office/meeting building configured with private office, open work areas, and client workstation
- Includes restroom, storage area, and mechanical room
- Recent interior updates with newer flooring
Local Financial Insights For Office B
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 | $28.3k | $21.53 |
| − Vacancy | −$6.8k | −$5.15 |
| EGI | $21.6k | $16.38 |
| − OpEx | −$5.4k | −$4.10 |
| NOI | $16.2k | $12.29 |
1,316 SF · lease $21.53/SF/yr · vacancy 23.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$231.0K
$202.1K – $269.5K
NOI $16,171 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$265.6K
$232.4K – $309.9K
NOI $18,595 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
First Federal Community ...
Loan Service
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FAQs
What type of property is this?
Office units - Office and meeting configuration with recent interior updates and parking for convenient client access.
Where is this office units located?
The property is located at 1534 S Main Street Bellefontaine Bellefontaine, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,316 SF office/meeting building configured with private office, open work areas, and client workstation; Includes restroom, storage area, and mechanical room; Recent interior updates with newer flooring
