Mixed-Use Building with
201 W Market Street, Baltimore, OH 43105
For Sale
$265,000
Includes a two-bedroom apartment above a remodeled restaurant with commercial kitchen equipment.
Property Size4,110 SF
Price / SF$64.48
Days on Market101
Property Features for 201 W Market Street
General Information
Standard status
Size
Property subtype
Restaurant
Commercial Hood
Patio
Equipment Included
Additional Details
Furnished
Business Included
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Howard HannaRealEstateServices
(740) 862-4700
Listed By:
Sherry L Looney · License #373901
(740) 808-1607
Source:
Douglaskeycresolutions
Added: Jul 31
Changed: Nov 7
Last Checked: Nov 7 at 6:36PM
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 Howard HannaRealEstateServices
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Investment Insights
Based on property information with market context.
At 201 W Market Street, this 4,110-square-foot mixed-use property combines a restaurant with a second-floor apartment and a walk-out lower level. The restaurant has a dining room, refreshed kitchen, restroom, commercial sinks, updated HVAC and water heater, plus a commercial exhaust hood with fire suppression and makeup air. The apartment has two bedrooms, one full bathroom, a living room and kitchen. Built in 1900, the property is offered with The Farmhouse Cafe business, kitchen equipment, furnishings and an owned Toast POS system.
Outdoor seating is available on the covered rear deck and the front sidewalk. The lower level includes a patio and additional space for storage, office use or another use subject to applicable approvals.
Outdoor seating is available on the covered rear deck and the front sidewalk. The lower level includes a patio and additional space for storage, office use or another use subject to applicable approvals.
Key Highlights
- 4,110‑square‑foot mixed‑use property built in 1900
- Sale includes The Farmhouse Cafe business, commercial kitchen equipment, furnishings and an owned Toast POS system
- Restaurant includes a commercial exhaust hood with fire suppression and makeup air system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,365
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,300
$347.3K
Cap Rate 7%
$248,071
$248.1K
Cap Rate 9%
$192,944
$192.9K
Market Conditions
NOI Build-Up for 4,110 SF
Gross rent
$23.7K $5.76/SF
− Vacancy
−$521 −$0.13/SF
EGI
$23.2K $5.63/SF
− OpEx
−$5.8K −$1.41/SF
NOI
$17.4K $4.22/SF
Area
Fairfield County, OH
Vacancy
2.20%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,300
Cap Rate 7%
$248,071
Cap Rate 9%
$192,944
Alternative Uses
Best Use
Mixed Use
$581.3K
$508.6K – $678.2K
NOI $40,689 @ 7.0% cap · market cap 15.35%
Second Best
Specialty Retail
$248.1K
$217.1K – $289.4K
NOI $17,365 @ 7.0% cap · market cap 6.55%
Theoretical Best
Warehouse
$828.4K
$724.8K – $966.5K
NOI $57,987 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 43105, OH
8,458
Population
3,584
Households
2.4
Avg Household Size
44
Median Age
28%
College-Educated
96%
High-School Grad
56.6 sq mi
ZIP Area
149
Density / Sq Mi
$96,824
Median Household Income
$46,745
Median Earnings
$843
Median Rent
$311,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a two-bedroom apartment above a remodeled restaurant with commercial kitchen equipment.
Where is this mixed-use property located?
The property is located at 201 W Market Street Baltimore, OH.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 4,110‑square‑foot mixed‑use property built in 1900; Sale includes The Farmhouse Cafe business, commercial kitchen equipment, furnishings and an owned Toast POS system; Restaurant includes a commercial exhaust hood with fire suppression and makeup air system
