Mixed-Use Building with
For Sale
$285,000
Pending
30 Cecil Street NE, Navarre, OH 44662
CommercialSale, Navarre, OH
Property Size3,688 SF
Lot Size0.11 Acres
Days on Market53
Property Features for 30 Cecil Street NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Elementary school district
Fairless LSD - 7604
Middle school district
Fairless LSD - 7604
High school district
Fairless LSD - 7604
Directions
Turn left onto Cecil St NE.
Standard status
Pending
APN
01200778
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
304 - 80'EE
Tax Annual Amount
3590
Legal Description
304 - 80'EE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1924
Number of units
4
Roof type
Fiberglass, Asphalt
Listing Agency:
EXP Realty, LLC.
(866) 212-4991
Listed By:
Amy Wengerd · License #436224
(330) 681-6090
Added: Jul 1
Changed: Aug 20
Last Checked: Aug 22 at 7:06PM
MLS# 5223989
Copyright © 2026 MLS Now. 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 3,688-square-foot mixed-use building contains four units, pairing two commercial spaces with two residential apartments. The commercial portion includes three private offices and a reception area in one space, while the other provides a private office and open area. Upstairs, the residential component includes one one-bedroom apartment and one two-bedroom apartment, both recently remodeled.
Located at 30 Cecil Street NE in Navarre, the property sits on a 0.1102-acre lot and is zoned R1. Building systems include forced-air heating with natural gas, window-unit cooling, public water, and public sewer. The roof is identified as fiberglass and asphalt.
Located at 30 Cecil Street NE in Navarre, the property sits on a 0.1102-acre lot and is zoned R1. Building systems include forced-air heating with natural gas, window-unit cooling, public water, and public sewer. The roof is identified as fiberglass and asphalt.
Key Highlights
- 3,688 SF mixed‑use building with four units
- Two commercial spaces with private offices, reception, and open area
- Two residential apartments: one‑bedroom and two‑bedroom layouts
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
Residential units
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit property combines commercial spaces with two recently remodeled apartments in Navarre.
Where is this mixed-use property located?
The property is located at 30 Cecil Street 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 with four units; Two commercial spaces with private offices, reception, and open area; Two residential apartments: one‑bedroom and two‑bedroom layouts
