Listing Agency: Realistar

Listed By: Emily E Stephen · License #2020005787 Show Phone

Source: Dreamcolumbus

Added: Mar 27 Changed: Sep 15 Last Checked: Oct 7 at 4:37PM

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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 Realistar

Investment Insights

Based on property information with market context.

Located in Howard, Ohio, this mixed-use building offers an investment opportunity. The building has a total area of 3,600 square feet. The ground floor is currently leased to the U.S. Post Office, with the lease extending through November 30, 2027. The upper level features a four-bedroom apartment, occupied by a tenant on a month-to-month basis. The property is fully occupied and generates an annual revenue of $30,500.

Key Highlights

• Anchored by U.S. Post Office with lease through November 30, 2027, providing stable income.
• Fully occupied mixed‑use building generating $30,500 annual revenue.
• Located in Howard, Ohio.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,208

Cap Rate

5.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,160 $264.2K

Cap Rate 7%

$188,686 $188.7K

Cap Rate 9%

$146,756 $146.8K

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$23.1K $6.41/SF

− Vacancy

−$1.9K −$0.54/SF

EGI

$21.1K $5.87/SF

− OpEx

−$7.9K −$2.20/SF

NOI

$13.2K $3.67/SF

Area

Knox County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,160

Cap Rate 7%

$188,686

Cap Rate 9%

$146,756

Alternative Uses

Best Use

Mixed Use

$188.7K

$165.1K – $220.1K (±1% cap)

NOI $13,208 @ 7.0% cap · market cap 5.39%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.00M

$878.6K – $1.17M (±1% cap)

NOI $70,290 @ 7.0% cap · market cap 28.69%

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

Property Analytics

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Current Use

United States Postal ... Post Office

Suggested Use

Top Pick Plumbing Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Real Estate Agency

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

49

Businesses Nearby

Explore this area Business Placement

Demographics for 43028, OH

7,781

Population

3,697

Households

2.1

Avg Household Size

44

Median Age

28%

College-Educated

94%

High-School Grad

50.7 sq mi

ZIP Area

153

Density / Sq Mi

$89,543

Median Household Income

$52,003

Median Earnings

$1,090

Median Rent

$241,300

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - 3,600 SF mixed-use building in Howard, Ohio for sale.

Where is this mixed-use property located?

The property is located at 23359 Coshocton Rd Howard, OH.

What is the asking price?

The asking price for this property is $245,000.

What are key features of this property?

This property features: Anchored by U.S. Post Office with lease through November 30, 2027, providing stable income.; Fully occupied mixed‑use building generating $30,500 annual revenue.; Located in Howard, Ohio.