Building Details

Building Size 5,092 SF

Year Built 1920

Buildings 1

Units 5

Listing Agency: ERA REAL Solutions Realty. LLC j***@erarealsolutions.com Show Phone

Listed By: Melvin Hart Show Phone

Source: Galbraithrealtors

Added: May 16 Changed: Oct 23 Last Checked: Oct 23 at 4:36PM

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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 ERA REAL Solutions Realty. LLC

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Investment Insights

Based on property information with market context.

Built in 1920, this 5,092-square-foot mixed-use property combines a convenience store and a recently added laundromat on the ground floor. The second floor contains three occupied apartments, bringing residential units together with retail and laundry uses in one building.

Key Highlights

• 5,092‑square‑foot mixed‑use property
• Convenience store and recently added laundromat on the ground floor
• Three occupied apartments on the second floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,619

Cap Rate

5.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,072,380 $1.1M

Cap Rate 7%

$765,986 $766.0K

Cap Rate 9%

$595,767 $595.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,092 SF

Gross rent

$76.4K $15.00/SF

− Vacancy

−$4.9K −$0.96/SF

EGI

$71.5K $14.04/SF

− OpEx

−$17.9K −$3.51/SF

NOI

$53.6K $10.53/SF

Area

Butler County, OH

Vacancy

6.40%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,072,380

Cap Rate 7%

$765,986

Cap Rate 9%

$595,767

Alternative Uses

Best Use

Specialty Retail

$766.0K

$670.2K – $893.7K (±1% cap)

NOI $53,619 @ 7.0% cap · market cap 5.36%

Second Best

Apartment 5plus

$652.8K

$571.2K – $761.6K (±1% cap)

NOI $45,697 @ 7.0% cap · market cap 4.57%

Theoretical Best

Office A

$1.01M

$880.9K – $1.17M (±1% cap)

NOI $70,475 @ 7.0% cap · market cap 7.04%

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

New Miami Party ... Grocery & Convenience Store ATM Atm

Suggested Use

Top Pick Restaurant Building Supply Hair Salon Electrical Service Big Box & Wholesale Store Auto Parts Store

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

3

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

95

Businesses Nearby

Explore this area Business Placement

Demographics for 45011, OH

73,596

Population

28,470

Households

2.6

Avg Household Size

38

Median Age

31%

College-Educated

88%

High-School Grad

60.4 sq mi

ZIP Area

1,218

Density / Sq Mi

$90,360

Median Household Income

$45,147

Median Earnings

$1,005

Median Rent

$272,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor convenience retail and laundry service are paired with three occupied apartments upstairs.

Where is this mixed-use property located?

The property is located at 30 Seven Mile Avenue New Miami, OH.

What is the asking price?

The asking price for this property is $1,000,500.

What are key features of this property?

This property features: 5,092‑square‑foot mixed‑use property; Convenience store and recently added laundromat on the ground floor; Three occupied apartments on the second floor