Building Details

Year Built 1947

Stories 2

Tenancy Multi

Listing Agency: eXp Commercial - OH Show Phone

Listed By: Julie Castner · License #SAL.2023005555 Show Phone

Source: Moodyscre

Added: Apr 1 Changed: Oct 25 Last Checked: Oct 28 at 11:27AM

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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 eXp Commercial - OH

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Investment Insights

Based on property information with market context.

This 3,688 SF multi-unit mixed-use building includes four unique units. On the first floor, there are two commercial spaces, with the first featuring a reception area and three private offices, and the second including a private office and an open area. The second floor contains two residential units: a one-bedroom apartment and a two-bedroom apartment. Both residential units have been recently remodeled and are ready for renters.

The property is zoned R1. It offers a combined commercial and residential configuration that may appeal to investors seeking income-producing space within a single building.

Key Highlights

• 4‑unit multi‑unit building with 3,688 SF total at 30 Cecil St NE, Navarre
• 1st floor has 2 commercial spaces, including a reception area and a private office in one unit
• 2nd floor includes 2 residential units: one 1‑bedroom and one 2‑bedroom apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,346

Cap Rate

4.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$246,920 $246.9K

Cap Rate 7%

$176,371 $176.4K

Cap Rate 9%

$137,178 $137.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,688 SF

Gross rent

$21.6K $5.86/SF

− Vacancy

−$1.9K −$0.50/SF

EGI

$19.8K $5.36/SF

− OpEx

−$7.4K −$2.01/SF

NOI

$12.3K $3.35/SF

Area

Stark County, OH

Vacancy

8.60%

Lease Rate

$5.86 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$246,920

Cap Rate 7%

$176,371

Cap Rate 9%

$137,178

Alternative Uses

Best Use

Office B

$636.6K

$557.0K – $742.7K (±1% cap)

NOI $44,560 @ 7.0% cap · market cap 15.64%

Second Best

Multifamily LT 5

$440.7K

$385.6K – $514.2K (±1% cap)

NOI $30,849 @ 7.0% cap · market cap 10.82%

Theoretical Best

Retail

$962.9K

$842.5K – $1.12M (±1% cap)

NOI $67,403 @ 7.0% cap · market cap 23.65%

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

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Auto Repair Shop (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

166

Businesses Nearby

Explore this area Business Placement

Demographics for 44662, OH

9,562

Population

4,069

Households

2.3

Avg Household Size

46

Median Age

18%

College-Educated

89%

High-School Grad

57.7 sq mi

ZIP Area

166

Density / Sq Mi

$69,387

Median Household Income

$42,007

Median Earnings

$828

Median Rent

$175,600

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A four-unit building with first-floor commercial spaces and two residential apartments on the second floor.

Where is this mixed-use property located?

The property is located at 24 Cecil St NE Navarre, OH.

What is the asking price?

The asking price for this property is $285,000.

What are key features of this property?

This property features: 4‑unit multi‑unit building with 3,688 SF total at 30 Cecil St NE, Navarre; 1st floor has 2 commercial spaces, including a reception area and a private office in one unit; 2nd floor includes 2 residential units: one 1‑bedroom and one 2‑bedroom apartment