Mixed-Use Building with
For Sale
$285,000
30 Cecil St NE, Navarre, OH 44662
Two remodeled residences accompany ground-floor commercial suites with private offices and reception space.
Property Size3,688 SF
Price / SF$77.28
Days on Market40
Property Features for 30 Cecil St NE
General Information
Standard status
Active
Size
3,688 SF
Zoning
R1
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Office Units
2
Building Details
Year Built
1924
Buildings
1
Stories
2
Building Size
3,688 SF
Tenancy
Multi
Listing Agency:
EXP Realty, LLC.
(330) 681-6090
Listed By:
Amy Wengerd · License #436224
Source:
Theacclaimedrealty
Added: Jul 22
Changed: Aug 28
Last Checked: Aug 29 at 11:55AM
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 Realty, LLC.
Investment Insights
Based on property information with market context.
Located at 30 Cecil Street NE in Navarre, this 3,688-square-foot mixed-use building combines commercial and residential components within a four-unit configuration. The commercial portion includes two ground-floor spaces, with one arranged around a reception area and three private offices. The other provides an additional private office alongside open space.
Two apartments occupy the second floor. One is configured as a one-bedroom residence, while the other offers two bedrooms. Both apartments have been recently remodeled and are ready for renters. The property’s combination of business and residential space creates a defined mixed-use layout in a single building.
Two apartments occupy the second floor. One is configured as a one-bedroom residence, while the other offers two bedrooms. Both apartments have been recently remodeled and are ready for renters. The property’s combination of business and residential space creates a defined mixed-use layout in a single building.
Key Highlights
- 3,688 SF mixed‑use building at 30 Cecil Street NE, Navarre, OH 44662
- Four‑unit configuration with two commercial and two residential units
- Two ground‑floor commercial spaces with private offices and reception/open areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$246,920
$246.9K
Cap Rate 7%
$176,371
$176.4K
Cap Rate 9%
$137,178
$137.2K
Market Conditions
NOI Build-Up for 3,688 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $44,560 @ 7.0% cap · market cap 15.64%
Second Best
Apartment 5plus
$385.9K
$337.7K – $450.2K
NOI $27,012 @ 7.0% cap · market cap 9.48%
Theoretical Best
Retail
$962.9K
$842.5K – $1.12M
NOI $67,403 @ 7.0% cap · market cap 23.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two remodeled residences accompany ground-floor commercial suites with private offices and reception space.
Where is this mixed-use property located?
The property is located at 30 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: 3,688 SF mixed‑use building at 30 Cecil Street NE, Navarre, OH 44662; Four‑unit configuration with two commercial and two residential units; Two ground‑floor commercial spaces with private offices and reception/open areas
