Building Details

Construction brick

Listing Agency: Bowling & Kugler Realty Show Phone

Listed By: William V. Kugler Show Phone

Source: Exprealty

Added: Oct 19 Changed: Oct 30 Last Checked: Nov 1 at 6:20AM

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Investment Insights

Based on property information with market context.

The 3,218-square-foot brick bank building is configured for full-service banking. Its interior includes a 27-by-35-foot lobby and teller area, three 9-by-12-foot offices, a 9-by-16-foot vault, and a 16-by-10-foot break room with separate men’s and women’s bathrooms. Two additional rooms behind the teller area measure 22-by-22 feet and 13-by-11 feet, with an adjoining full bathroom.

A parking lot has entrances from N Main St and W Elkton Rd. A drive-up First Financial ATM is served by its own concrete driveway.

Key Highlights

• 3,218‑square‑foot brick bank building
• 27‑by‑35‑foot lobby and teller area
• Three 9‑by‑12‑foot offices and a 9‑by‑16‑foot vault

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,663

Cap Rate

4.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$273,260 $273.3K

Cap Rate 7%

$195,186 $195.2K

Cap Rate 9%

$151,811 $151.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,218 SF

Gross rent

$20.9K $6.48/SF

− Vacancy

−$1.3K −$0.41/SF

EGI

$19.5K $6.07/SF

− OpEx

−$5.9K −$1.82/SF

NOI

$13.7K $4.25/SF

Area

Butler County, OH

Vacancy

6.40%

Lease Rate

$6.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$273,260

Cap Rate 7%

$195,186

Cap Rate 9%

$151,811

Alternative Uses

Best Use

Specialty Retail

$484.1K

$423.6K – $564.8K (±1% cap)

NOI $33,886 @ 7.0% cap · market cap 11.89%

Second Best

Retail

$195.2K

$170.8K – $227.7K (±1% cap)

NOI $13,663 @ 7.0% cap · market cap 4.79%

Theoretical Best

Office A

$636.3K

$556.7K – $742.3K (±1% cap)

NOI $44,538 @ 7.0% cap · market cap 15.63%

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

Banks

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Plumbing Service Storage Facility Hair Salon

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Explore this area Business Placement

Demographics for 45062, OH

775

Population

301

Households

2.6

Avg Household Size

42

Median Age

13%

College-Educated

89%

High-School Grad

0.8 sq mi

ZIP Area

969

Density / Sq Mi

$53,552

Median Household Income

$52,881

Median Earnings

$788

Median Rent

$144,400

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

Frequently Asked Questions

What type of property is this?

Bank - A full-service banking layout features teller space, private offices, a vault, and customer parking.

Where is this bank located?

The property is located at 300 N Main St Seven Mile, 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: 3,218‑square‑foot brick bank building; 27‑by‑35‑foot lobby and teller area; Three 9‑by‑12‑foot offices and a 9‑by‑16‑foot vault