Office Suite with Conference
For Sale
Contact for pricing
232 N Main Street #B2, Marysville, OH 43040
A smaller office and seating area connect to a larger room suitable for office or conference use.
Property Size6,860 SF
Price / SF$0.10
Days on Market118
Property Features for 232 N Main Street #B2
General Information
Standard status
Active
Size
6,860 SF
Property subtype
Office
Building Details
Year Built
1959
Listing Agency:
Howard Hanna Real Estate Svcs
(937) 440-8740
Listed By:
Jerri Barlage · License #2009002403
(937) 597-7115
Source:
Livewellhomegrp
Added: Jul 6
Changed: Oct 28
Last Checked: Oct 28 at 4:28PM
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 Hanna Real Estate Svcs
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office suite includes a seating area, a private office, and a larger office or conference room. The office and seating area provide a distinct entry into the larger room, creating a connected layout across the suite.
The 6,860-square-foot property is located at 232 N Main Street in Marysville, Ohio. The building dates to 1959.
The 6,860-square-foot property is located at 232 N Main Street in Marysville, Ohio. The building dates to 1959.
Key Highlights
- 6,860‑square‑foot office property
- Layout includes a seating area, an office, and a larger office or conference room
- Building constructed in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,460
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,200
$1.7M
Cap Rate 7%
$1,206,571
$1.2M
Cap Rate 9%
$938,444
$938.4K
Market Conditions
NOI Build-Up for 6,860 SF
Gross rent
$148.2K $21.60/SF
− Vacancy
−$35.6K −$5.18/SF
EGI
$112.6K $16.42/SF
− OpEx
−$28.2K −$4.10/SF
NOI
$84.5K $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 Rate 5%
$1,689,200
Cap Rate 7%
$1,206,571
Cap Rate 9%
$938,444
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,460 @ 7.0% cap · market cap 12,549.78%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,785 @ 7.0% cap · market cap 14,381.13%
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
Open Analytics
Current Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A smaller office and seating area connect to a larger room suitable for office or conference use.
Where is this office unit located?
The property is located at 232 N Main Street #B2 Marysville, OH.
What are key features of this property?
This property features: 6,860‑square‑foot office property; Layout includes a seating area, an office, and a larger office or conference room; Building constructed in 1959
