Two-Level Office Space
For Sale
$134,900
211 N Main St, Hubbard, OH 44425
Two-level office space with separate utilities and entrances.
Property Size740 SF
Price / SF$182.30
Days on Market144
Property Features for 211 N Main St
General Information
Standard status
Active
Size
740 SF
Taxes and HOA fees
Annual Taxes
$1,578
Listing Agency:
More Options Realty, LLC
(330) 718-2371
Listed By:
Michael W Bayus
(330) 718-2371
Source:
Exprealty
Added: Apr 9
Changed: Aug 20
Last Checked: Aug 29 at 12:40PM
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 More Options Realty, LLC
Investment Insights
Based on property information with market context.
This commercial property features two levels of office space, with 740 square feet on the upper level and 684 square feet on the lower level. The property includes separate utilities and entrances for each level, along with waiting and reception areas on both floors. A newer door has been installed on the lower level. Most mechanical systems have been updated within the last 10 to 15 years. Parking is available along the side of the building, with additional street parking. This property is suitable for various business ventures.
Key Highlights
- Two levels of usable office space, 740 sq ft upstairs and 684 sq ft downstairs.
- Separate utilities and entrances for each level.
- Waiting and reception areas on both levels.
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
$7,131
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
5.29%
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%
$142,620
$142.6K
Cap Rate 7%
$101,871
$101.9K
Cap Rate 9%
$79,233
$79.2K
Market Conditions
NOI Build-Up for 740 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
$11.8K $15.96/SF
− Vacancy
−$2.3K −$3.11/SF
EGI
$9.5K $12.85/SF
− OpEx
−$2.4K −$3.21/SF
NOI
$7.1K $9.64/SF
Area
Trumbull County, OH
Vacancy
19.50%
Lease Rate
$15.96 /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%
$142,620
Cap Rate 7%
$101,871
Cap Rate 9%
$79,233
Alternative Uses
Best Use
Office B
$101.9K
$89.1K – $118.9K
NOI $7,131 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$140.5K
$122.9K – $163.9K
NOI $9,832 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 44425, OH
14,280
Population
6,614
Households
2.2
Avg Household Size
47
Median Age
27%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
468
Density / Sq Mi
$62,287
Median Household Income
$42,293
Median Earnings
$804
Median Rent
$128,800
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?
Office units - Two-level office space with separate utilities and entrances.
Where is this office units located?
The property is located at 211 N Main St Hubbard, OH.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: Two levels of usable office space, 740 sq ft upstairs and 684 sq ft downstairs.; Separate utilities and entrances for each level.; Waiting and reception areas on both levels.
