Listing Agency: e-Merge Real Estate a***@e-merge.com Show Phone

Listed By: Dan Abdella · License #0000441791 Show Phone

Source: Exprealty

Added: Jun 18 Changed: Sep 6 Last Checked: Sep 8 at 8:49AM

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Investment Insights

Based on property information with market context.

18 Sycamore St. is a flexible, well-maintained commercial building with warehouse functionality and additional yard space. The property also provides alley access, supporting practical loading and site operations for a range of businesses.

Located in Chauncey, Ohio, the property sits in an area described as experiencing ongoing revitalization, including new businesses and improved pedestrian amenities such as sidewalks and a new bike path extension. The public remarks also note walking and biking distance to the Bailey Mountain Bike system.

This offering presents an adaptable warehouse and yard configuration, with buyers advised to verify permitted uses and business options with the Village of Chauncey.

Key Highlights

• Well‑maintained commercial warehouse in Chauncey, Ohio
• Includes yard space and alley access
• Permitted uses and business options to be verified with the Village of Chauncey

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

$7,153

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

5.72%

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%

$143,060 $143.1K

Cap Rate 7%

$102,186 $102.2K

Cap Rate 9%

$79,478 $79.5K

Market Conditions

NOI Build-Up for 1,980 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

$10.0K $5.04/SF

− Vacancy

−$1.6K −$0.79/SF

EGI

$8.4K $4.25/SF

− OpEx

−$1.3K −$0.64/SF

NOI

$7.2K $3.61/SF

Area

Athens County, OH

Vacancy

15.67%

Lease Rate

$5.04 /SF/Yr

Expense Ratio

15.00%

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%

$143,060

Cap Rate 7%

$102,186

Cap Rate 9%

$79,478

Alternative Uses

Best Use

Warehouse

$102.2K

$89.4K – $119.2K (±1% cap)

NOI $7,153 @ 7.0% cap · market cap 5.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$452.2K

$395.7K – $527.6K (±1% cap)

NOI $31,654 @ 7.0% cap · market cap 25.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Auto Repair Shop Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Real Estate Agency Daycare Center Grocery & Convenience Store

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

56

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 45719, OH

964

Population

430

Households

2.2

Avg Household Size

38

Median Age

13%

College-Educated

85%

High-School Grad

0.7 sq mi

ZIP Area

1,377

Density / Sq Mi

$36,356

Median Household Income

$29,779

Median Earnings

$743

Median Rent

$74,000

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - Well-maintained commercial warehouse includes yard space and alley access in Chauncey, Ohio.

Where is this warehouse located?

The property is located at 18 Sycamore St Chauncey, OH.

What is the asking price?

The asking price for this property is $125,000.

What are key features of this property?

This property features: Well‑maintained commercial warehouse in Chauncey, Ohio; Includes yard space and alley access; Permitted uses and business options to be verified with the Village of Chauncey