Live-Work Building with One-Bed
275 &277 S Smyser Wooster, OH 44691
For Sale
$319,000
Pending
COMMERCIAL - WOOSTER, OH
Property Size2,400 SF
Lot Size1.50 Acres
Days on Market53
Property Features for 275 &277 S Smyser
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- 4400052013
- Lot size
- 1.50 Acres
Taxes and HOA fees
- Tax Description
- 14-19-12NWPT NW 1.500A
- Tax Annual Amount
- 2008
Utilities
- Heating system
- Radiant
Building Details
- Year built
- 2015
Listing Agency:
RE/MAX Showcase Ashland
(330) 264-2644
Listed By:
Jim Hand
(330) 464-0190
Added: Jun 1
Changed: Jul 23
Last Checked: Jul 23 at 5:06PM
MLS# 10231091
Copyright © 2026 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained live-work building includes a main-level commercial space with an open layout, a restroom, and efficient radiant floor heating. A second-floor one-bedroom apartment adds residential flexibility to the property, with propane heat and central air conditioning.
Located at 275 & 277 S Smyser in Wooster, the property is described as just seconds from US Route 30 west of Wooster, supporting convenient access. The building also offers ample on-site parking for customers, clients, and employees.
With both commercial and residential components on the same site, the property is set up for dual-use occupancy or rental income from the apartment while maintaining a dedicated commercial presence below.
Located at 275 & 277 S Smyser in Wooster, the property is described as just seconds from US Route 30 west of Wooster, supporting convenient access. The building also offers ample on-site parking for customers, clients, and employees.
With both commercial and residential components on the same site, the property is set up for dual-use occupancy or rental income from the apartment while maintaining a dedicated commercial presence below.
Key Highlights
- 2,400 SF commercial building with open main level layout plus a restroom
- Radiant floor heating on the main level for year‑round comfort
- On‑site parking for customers, clients, and employees
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $15.00 |
| − Vacancy | −$4.3k | −$1.80 |
| EGI | $31.7k | $13.20 |
| − OpEx | −$7.9k | −$3.30 |
| NOI | $23.8k | $9.90 |
2,400 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,284 @ 7.0% cap · market cap 35.51%
Second Best
Office B
$339.4K
$297.0K – $396.0K
NOI $23,760 @ 7.0% cap · market cap 7.45%
Theoretical Best
Multifamily LT 5
$1.75M
$1.53M – $2.05M
NOI $122,788 @ 7.0% cap · market cap 38.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wooster Skate Shop
(Bike/Boat/Book/etc) Store
Woosterskateshop.com
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Live-work space - Two-story live-work building with open commercial level, radiant floor heating, and a one-bedroom apartment above.
Where is this live-work space located?
The property is located at 275 &277 S Smyser Wooster, OH.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 2,400 SF commercial building with open main level layout plus a restroom; Radiant floor heating on the main level for year‑round comfort; On‑site parking for customers, clients, and employees
