21640 Main Street, Raymond, OH 43067

Building Details

Building Size 1,328 SF More

Year Built 1999 More

Buildings 2 More

Listing Agency: Fathom Realty Ohio

Listed By: Zachariah W Yoder Show Phone

Source: Camtaylor

Added: Sep 14 Changed: Nov 4 Last Checked: Nov 6 at 3:13PM

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Investment Insights

Based on property information with market context.

This mixed-use property includes approximately 560 square feet of storefront and office space along Main Street, with an attached garage and storage area. A separate 24-by-32-foot garage adds loft storage and provides additional enclosed utility. The improvements were built in 1999 and have supported commercial and garage-related uses, including the former Raymond Mercantile operation.

The property occupies a corner at the intersection of State Route 347 and State Route 739 in Raymond. Its Main Street frontage places the storefront at a visible village intersection near the post office, while the separate garage expands the available storage and work area beyond the front building.

Key Highlights

• Approximately 560 square feet of storefront and office space
• Separate 24‑by‑32‑foot garage with loft storage
• Attached garage and storage area connected to the front building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,689

Cap Rate

8.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$253,780 $253.8K

Cap Rate 7%

$181,271 $181.3K

Cap Rate 9%

$140,989 $141.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,328 SF

Gross rent

$22.3K $16.80/SF

− Vacancy

−$2.0K −$1.51/SF

EGI

$20.3K $15.29/SF

− OpEx

−$7.6K −$5.73/SF

NOI

$12.7K $9.56/SF

Area

Union County, OH

Vacancy

9.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$253,780

Cap Rate 7%

$181,271

Cap Rate 9%

$140,989

Alternative Uses

Best Use

Retail

$220.4K

$192.9K – $257.2K (±1% cap)

NOI $15,430 @ 7.0% cap · market cap 10.29%

Second Best

Mixed Use

$181.3K

$158.6K – $211.5K (±1% cap)

NOI $12,689 @ 7.0% cap · market cap 8.46%

Theoretical Best

Warehouse

$267.7K

$234.2K – $312.3K (±1% cap)

NOI $18,736 @ 7.0% cap · market cap 12.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Kitchen & Bath Showroom Grocery & Convenience Store Department 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

1

Businesses Nearby

Explore this area Business Placement

Demographics for 43067, OH

1,410

Population

596

Households

2.4

Avg Household Size

43

Median Age

17%

College-Educated

88%

High-School Grad

32.8 sq mi

ZIP Area

43

Density / Sq Mi

$93,083

Median Household Income

$38,393

Median Earnings

$1,300

Median Rent

$271,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner-lot commercial setting combines storefront/office space with attached and detached storage improvements.

Where is this mixed-use property located?

The property is located at 21640 Main Street Raymond, OH.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: Approximately 560 square feet of storefront and office space; Separate 24‑by‑32‑foot garage with loft storage; Attached garage and storage area connected to the front building