Building Details

Year Built 2005

Units 1

Listing Agency: Howard Hanna Real Estate Services

Listed By: Rodney Gibbs · License #2020008978

Source: Crexi

Added: Aug 27 Changed: Oct 3 Last Checked: Oct 15 at 12:07AM

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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 Howard Hanna Real Estate Services

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This approximately 1,509 sq. ft. storefront is configured as a full-service beauty salon within Cedarville Crossings. The open interior includes multiple perimeter rooms designated for storage, mechanical systems, restroom facilities, and a kitchenette. Salon equipment may remain for a turnkey operation or be removed for a different business concept. Existing plumbing infrastructure also supports a potential return to laundromat use or another plumbing-intensive operation. The HVAC system was replaced in 2019.

The property is located at 26 S. Miller St. in Cedarville, Ohio, and carries Village Business District zoning. Built in 2005, the space provides an owner-user or investor with an established commercial buildout and adaptable interior configuration.

Key Highlights

• Approximately 1,509 sq. ft. storefront within Cedarville Crossings
• Currently configured as a full‑service beauty salon
• Salon equipment can remain or be removed for a different business concept

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,237

Cap Rate

8.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,740 $284.7K

Cap Rate 7%

$203,386 $203.4K

Cap Rate 9%

$158,189 $158.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,509 SF

Gross rent

$21.7K $14.40/SF

− Vacancy

−$1.4K −$0.92/SF

EGI

$20.3K $13.48/SF

− OpEx

−$6.1K −$4.04/SF

NOI

$14.2K $9.43/SF

Area

Greene County, OH

Vacancy

6.40%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,740

Cap Rate 7%

$203,386

Cap Rate 9%

$158,189

Alternative Uses

Best Use

Retail

$203.4K

$178.0K – $237.3K (±1% cap)

NOI $14,237 @ 7.0% cap · market cap 8.14%

Second Best

—

—

no second resolved use

Theoretical Best

Office B

$283.7K

$248.3K – $331.0K (±1% cap)

NOI $19,861 @ 7.0% cap · market cap 11.35%

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

Property Analytics

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Open Analytics

Current Use

Cutting Edge of Cedarville ... Hair Salon

Suggested Use

Top Pick Law Firm Auto Repair Shop Nail Salon Bakery Furniture & Home Goods Garden Center

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

212

Businesses Nearby

3k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 69% Shops & Services 31%

SUBWAY Dining

1,994 visits/mo 0.2 miles

U.S. Bank Shops & Services

903 visits/mo 0.1 miles

Demographics for 45314, OH

6,261

Population

1,460

Households

4.3

Avg Household Size

25

Median Age

47%

College-Educated

96%

High-School Grad

51.4 sq mi

ZIP Area

122

Density / Sq Mi

$87,366

Median Household Income

$10,056

Median Earnings

$829

Median Rent

$276,900

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

• Cedarville Flower Deliviry — Turnbull Rd, Cedarville, OH 45314, United States
• The Village Petaler — 88 S Main St, Cedarville, OH 45314

Frequently Asked Questions

What type of property is this?

Storefront property - Open-concept commercial space with perimeter rooms, a kitchenette, restroom facilities, and existing plumbing infrastructure.

Where is this storefront property located?

The property is located at 26 S Miller St. Cedarville, OH.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: Approximately 1,509 sq. ft. storefront within Cedarville Crossings; Currently configured as a full‑service beauty salon; Salon equipment can remain or be removed for a different business concept