Building Details

Buildings 1

Stories 2

Listing Agency: Keller Williams Advisors B***@weareadvisors.com Show Phone

Listed By: John M. Bissman · License #2013003960 Show Phone

Source: Exprealty

Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 6:44AM

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Investment Insights

Based on property information with market context.

This two-story storefront building has street-facing windows and vintage architectural details. Its neighborhood commercial zoning supports a range of commercial possibilities, while a side outdoor area with mature shade trees adds an exterior feature to the property.

The building is on South Main Street in downtown Waynesville, Ohio, among antique shops, specialty retailers, and local businesses.

Key Highlights

• Two‑story building with vintage architectural details
• Street‑facing windows at the storefront
• Neighborhood commercial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,487

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$309,740 $309.7K

Cap Rate 7%

$221,243 $221.2K

Cap Rate 9%

$172,078 $172.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,586 SF

Gross rent

$23.8K $15.00/SF

− Vacancy

−$1.7K −$1.05/SF

EGI

$22.1K $13.95/SF

− OpEx

−$6.6K −$4.19/SF

NOI

$15.5K $9.76/SF

Area

Warren County, OH

Vacancy

7.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$309,740

Cap Rate 7%

$221,243

Cap Rate 9%

$172,078

Alternative Uses

Best Use

Retail

$221.2K

$193.6K – $258.1K (±1% cap)

NOI $15,487 @ 7.0% cap · market cap 5.96%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$354.3K

$310.0K – $413.3K (±1% cap)

NOI $24,798 @ 7.0% cap · market cap 9.54%

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

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Dental Office Bakery Furniture & Home Goods Pharmacy

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

267

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 45068, OH

11,911

Population

4,605

Households

2.6

Avg Household Size

43

Median Age

43%

College-Educated

96%

High-School Grad

70.6 sq mi

ZIP Area

169

Density / Sq Mi

$95,040

Median Household Income

$55,262

Median Earnings

$1,252

Median Rent

$325,000

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

Similar Off Market Nearby

• Hartsock's Village Florist — 275 miami st, waynesville, oh 45068
• FlowerLoft Florist and Gifts — 275 Miami St, Waynesville, OH 45068

Frequently Asked Questions

What type of property is this?

Storefront property - Neighborhood commercial zoning and street-facing windows define this downtown retail property.

Where is this storefront property located?

The property is located at 22 S Main Street Waynesville, OH.

What is the asking price?

The asking price for this property is $260,000.

What are key features of this property?

This property features: Two‑story building with vintage architectural details; Street‑facing windows at the storefront; Neighborhood commercial zoning