302 N 4th St, Toronto, OH 43964

Building Details

Year Built 1900 More

Buildings 1 More

Stories 2 More

Construction brick More

Tenancy Multi More

Listing Agency: Gary W. Cain Realty & Auctioneers,LLC

Listed By: Brad L Cain · License #2010003077 Show Phone

Source: Theacclaimedrealty

Added: Sep 18 Changed: Nov 1 Last Checked: Nov 6 at 4:13PM

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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 Gary W. Cain Realty & Auctioneers,LLC

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This brick mixed-use property was built in 1900 and provides 4,000 square feet on the main level. The building includes a 44-by-33-foot storefront unit, two one-bedroom efficiency apartments with full bathrooms, and an open 1,452-square-foot area suited to multiple commercial uses. The second floor is also open for additional space. A new metal roof adds a recent building improvement.

Set on a corner lot at 302 N 4th St in Toronto, Ohio, the property measures 124 by 120 feet and includes side and rear off-street parking. The combination of commercial and residential components supports a range of occupancy and operating arrangements, subject to applicable requirements.

Key Highlights

• 4,000 square feet on the main level
• 44 X 33 storefront unit
• Two one‑bedroom efficiency apartments with full bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,390

Cap Rate

7.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$267,800 $267.8K

Cap Rate 7%

$191,286 $191.3K

Cap Rate 9%

$148,778 $148.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

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 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 (±1% cap)

NOI $52,955 @ 7.0% cap · market cap 31.15%

Second Best

Multifamily LT 5

$658.7K

$576.3K – $768.5K (±1% cap)

NOI $46,107 @ 7.0% cap · market cap 27.12%

Theoretical Best

Office A

$805.7K

$705.0K – $940.0K (±1% cap)

NOI $56,399 @ 7.0% cap · market cap 33.18%

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

Don's Appliance Sales ... Electronics & Wireless Store

Suggested Use

Top Pick Law Firm Spa & Massage Center HVAC Service Pharmacy Kitchen & Bath Showroom Plumbing Service

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

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner commercial property combining a storefront, efficiency apartments, open expansion space, and off-street parking.

Where is this mixed-use property located?

The property is located at 302 N 4th St Toronto, OH.

What is the asking price?

The asking price for this property is $170,000.

What are key features of this property?

This property features: 4,000 square feet on the main level; 44 X 33 storefront unit; Two one‑bedroom efficiency apartments with full bathrooms