Brick Mixed-Use Building with
For Sale
$199,000
302 N 4th Street, Toronto, OH 43964
Street-level commercial space is paired with two apartments and off-street parking.
Property Size4,000 SF
Lot Size0.32 Acres
Days on Market102
Property Features for 302 N 4th Street
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
15
Lot size
0.32 Acres
Property subtype
Commercial
Additional Details
Gross Income
$21,600
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$3,137
Building Details
Building Size
4,000 SF
Year Built
1900
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Gary W. Cain Realty & Auctioneers, LLC
(740) 381-4019
Listed By:
Brad L Cain · License #2010003077
(740) 381-4019
Source:
Carolgoffrealestate
Added: May 21
Changed: Aug 29
Last Checked: Aug 29 at 10:50AM
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 Gary W. Cain Realty & Auctioneers, LLC
Investment Insights
Based on property information with market context.
Built in 1900, this brick mixed-use property combines a street-level storefront with two one-bedroom efficiency apartments, each equipped with a full bathroom. An open second floor provides additional interior space, while side and rear off-street parking support the building’s varied configuration.
The property occupies a corner lot measuring 116 x 120 at 302 N 4th Street in Toronto, Ohio. The street-level store unit is owner occupied, and the building’s combination of commercial and residential components creates a compact mixed-use layout.
The property occupies a corner lot measuring 116 x 120 at 302 N 4th Street in Toronto, Ohio. The street-level store unit is owner occupied, and the building’s combination of commercial and residential components creates a compact mixed-use layout.
Key Highlights
- Two one‑bedroom efficiency apartments, each with a full bathroom
- Street‑level storefront unit in a brick mixed‑use building
- Open second floor provides additional interior space
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
$13,390
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
6.73%
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%
$267,800
$267.8K
Cap Rate 7%
$191,286
$191.3K
Cap Rate 9%
$148,778
$148.8K
Market Conditions
NOI Build-Up for 4,000 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
$23.4K $5.86/SF
− Vacancy
−$2.0K −$0.50/SF
EGI
$21.4K $5.36/SF
− OpEx
−$8.0K −$2.01/SF
NOI
$13.4K $3.35/SF
Area
Jefferson 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%
$267,800
Cap Rate 7%
$191,286
Cap Rate 9%
$148,778
Alternative Uses
Best Use
Retail
$756.5K
$661.9K – $882.6K
NOI $52,955 @ 7.0% cap · market cap 26.61%
Second Best
Multifamily LT 5
$658.7K
$576.3K – $768.5K
NOI $46,107 @ 7.0% cap · market cap 23.17%
Theoretical Best
Office A
$805.7K
$705.0K – $940.0K
NOI $56,399 @ 7.0% cap · market cap 28.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 43964, OH
9,098
Population
4,493
Households
2
Avg Household Size
46
Median Age
18%
College-Educated
94%
High-School Grad
47.3 sq mi
ZIP Area
192
Density / Sq Mi
$53,321
Median Household Income
$35,701
Median Earnings
$684
Median Rent
$121,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space is paired with two apartments and off-street parking.
Where is this mixed-use property located?
The property is located at 302 N 4th Street Toronto, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two one‑bedroom efficiency apartments, each with a full bathroom; Street‑level storefront unit in a brick mixed‑use building; Open second floor provides additional interior space
