Mixed-Use Storefront
For Sale
$167,900
160 S 2nd Street, Byesville, OH 43723
Main-level commercial space is paired with a leased three-bedroom apartment upstairs.
Property Size1,898 SF
Price / SF$88.46
Days on Market361
Property Features for 160 S 2nd Street
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Average Monthly Rent
$900
Taxes and HOA fees
Annual Taxes
$709
Building Details
Building Size
1,898 SF
Buildings
1
Listing Agency:
Carol Goff & Assoc.
(740) 819-2301
Listed By:
Carol Goff · License #447968
(740) 819-2301
Source:
Camtaylor
Added: Aug 12, 2025
Changed: Aug 4
Last Checked: Aug 7 at 1:01AM
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 Carol Goff & Assoc.
Investment Insights
Based on property information with market context.
This 1,898-square-foot mixed-use building combines a ground-floor storefront with a three-bedroom apartment on the upper level. The commercial portion is suited to retail, office, or service use, while the residential component is currently leased through October 2026.
The property is located at 160 S 2nd Street in downtown Byesville, near other businesses and along a setting described as having both pedestrian and vehicle activity. The combination of commercial frontage and an occupied apartment creates a property with distinct business and residential components.
The property is located at 160 S 2nd Street in downtown Byesville, near other businesses and along a setting described as having both pedestrian and vehicle activity. The combination of commercial frontage and an occupied apartment creates a property with distinct business and residential components.
Key Highlights
- 1,898 SF mixed‑use building at 160 S 2nd Street
- Main‑level storefront with retail, office, or service‑use potential
- Upstairs three‑bedroom apartment
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
$14,446
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
8.60%
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%
$288,920
$288.9K
Cap Rate 7%
$206,371
$206.4K
Cap Rate 9%
$160,511
$160.5K
Market Conditions
NOI Build-Up for 1,898 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
$28.2K $14.88/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$26.3K $13.84/SF
− OpEx
−$11.8K −$6.23/SF
NOI
$14.4K $7.61/SF
Area
Guernsey County, OH
Vacancy
7.00%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$288,920
Cap Rate 7%
$206,371
Cap Rate 9%
$160,511
Alternative Uses
Best Use
Mixed Use
$441.2K
$386.0K – $514.7K
NOI $30,882 @ 7.0% cap · market cap 18.39%
Second Best
Office B
$332.4K
$290.9K – $387.8K
NOI $23,269 @ 7.0% cap · market cap 13.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 43723, OH
4,671
Population
2,179
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
86%
High-School Grad
15.7 sq mi
ZIP Area
298
Density / Sq Mi
$48,656
Median Household Income
$30,500
Median Earnings
$747
Median Rent
$108,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Main-level commercial space is paired with a leased three-bedroom apartment upstairs.
Where is this mixed-use property located?
The property is located at 160 S 2nd Street Byesville, OH.
What is the asking price?
The asking price for this property is $167,900.
What are key features of this property?
This property features: 1,898 SF mixed‑use building at 160 S 2nd Street; Main‑level storefront with retail, office, or service‑use potential; Upstairs three‑bedroom apartment
