Downtown Mixed-Use Redevelopment
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For Sale
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207 N MAIN ST, Marysville, OH 43040
Single-story commercial building at a downtown corner, with Uptown Commercial designation and mixed-use redevelopment contemplated.
Property Size8,497 SF
Price / SF$175.94
Days on Market6
Property Features for 207 N MAIN ST
General Information
Standard status
Active
Size
8,497 SF
Property subtype
OFFICE
Zoning
Uptown Commercial
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
1
Tenancy
Single
Abandoned
No
Listing Agency:
Best Corporate Real Estate
(614) 559-3350
Listed By:
Noah Kahkonen · License #2020001513
(614) 707-8432
Source:
Moodyscre
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 20 at 9:04AM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property comprises an 8,497-square-foot parcel at the corner of Joseph and North Main in downtown Marysville. Improvements include a ±9,015 SF single-story building currently occupied by the Marysville Tribune. The site carries the city's Uptown Commercial designation.
The property is positioned between downtown Marysville and the Water and Light District redevelopment to the north. That 17-acre project is planned to include 250 apartments, a grain-silo entertainment venue, and a repurposed water plant amenity building. The redevelopment concept for this site calls for retail and food-and-beverage uses at grade, apartments above, and a building of up to three stories.
The property is positioned between downtown Marysville and the Water and Light District redevelopment to the north. That 17-acre project is planned to include 250 apartments, a grain-silo entertainment venue, and a repurposed water plant amenity building. The redevelopment concept for this site calls for retail and food-and-beverage uses at grade, apartments above, and a building of up to three stories.
Key Highlights
- 8,497‑square‑foot parcel at the corner of Joseph and North Main
- ±9,015 SF single‑story building currently occupied by the Marysville Tribune
- Uptown Commercial designation
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
$104,615
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
7.00%
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%
$2,092,300
$2.1M
Cap Rate 7%
$1,494,500
$1.5M
Cap Rate 9%
$1,162,389
$1.2M
Market Conditions
NOI Build-Up for 8,497 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
$183.5K $21.60/SF
− Vacancy
−$44.0K −$5.18/SF
EGI
$139.5K $16.42/SF
− OpEx
−$34.9K −$4.10/SF
NOI
$104.6K $12.31/SF
Area
Union County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$2,092,300
Cap Rate 7%
$1,494,500
Cap Rate 9%
$1,162,389
Alternative Uses
Best Use
Office B
$1.49M
$1.31M – $1.74M
NOI $104,615 @ 7.0% cap · market cap 7.00%
Second Best
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $81,189 @ 7.0% cap · market cap 5.43%
Theoretical Best
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,881 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 43040, OH
35,853
Population
14,238
Households
2.5
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
166.3 sq mi
ZIP Area
216
Density / Sq Mi
$96,320
Median Household Income
$51,951
Median Earnings
$1,180
Median Rent
$275,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-story commercial building at a downtown corner, with Uptown Commercial designation and mixed-use redevelopment contemplated.
Where is this mixed-use property located?
The property is located at 207 N MAIN ST Marysville, OH.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 8,497‑square‑foot parcel at the corner of Joseph and North Main; ±9,015 SF single‑story building currently occupied by the Marysville Tribune; Uptown Commercial designation
