Brick Mixed-Use Building with
New
For Sale
$170,000
302 N 4th Street, Toronto, OH 43964
CommercialSale, Toronto, OH
Property Size1,452 SF
Lot Size0.31 Acres
Price / SF$117.08
Days on Market5
Property Features for 302 N 4th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Rooms
Basement
Parking
15
Parking features
Parking Lot
Subdivision
Volmers First Add
Elementary school district
Toronto CSD - 4105
Middle school district
Toronto CSD - 4105
High school district
Toronto CSD - 4105
Directions
Corner of 4th & Clark St.
Standard status
Active
APN
19-02800-000
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
10 VOLMERS 58X120 MAP-19-05A0-06700
Tax Annual Amount
3138
Legal Description
10 VOLMERS 58X120 MAP-19-05A0-06700
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Roof type
Rubber
Listing Agency:
Gary W. Cain Realty & Auctioneers,LLC
(740) 266-2246
Listed By:
Brad L Cain · License #2010003077
(740) 381-4019
Added: Aug 26
Last Checked: Aug 30 at 7:06AM
MLS# 5239833
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 brick mixed-use property was built in 1900 and provides approximately 4,000 square feet on the main level. The layout includes a 44-by-33-foot storefront, two one-bedroom efficiency apartments with full bathrooms, and an open 1,452-square-foot area suited to flexible commercial use. Additional open space is available on the second floor, while a basement is also included.
The building occupies a 0.31-acre corner lot measuring 124 by 120 feet. Side and rear off-street parking are provided through an on-site parking lot. Public water and public sewer serve the property, with forced-air natural-gas heating and window-unit cooling.
The building occupies a 0.31-acre corner lot measuring 124 by 120 feet. Side and rear off-street parking are provided through an on-site parking lot. Public water and public sewer serve the property, with forced-air natural-gas heating and window-unit cooling.
Key Highlights
- 4,000 square feet on the main level
- Two one‑bedroom efficiency apartments with full bathrooms
- 44 X 33 storefront unit
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
$4,861
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
2.86%
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%
$97,220
$97.2K
Cap Rate 7%
$69,443
$69.4K
Cap Rate 9%
$54,011
$54.0K
Market Conditions
NOI Build-Up for 1,452 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
$8.5K $5.86/SF
− Vacancy
−$732 −$0.50/SF
EGI
$7.8K $5.36/SF
− OpEx
−$2.9K −$2.01/SF
NOI
$4.9K $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%
$97,220
Cap Rate 7%
$69,443
Cap Rate 9%
$54,011
Alternative Uses
Best Use
Retail
$274.6K
$240.3K – $320.4K
NOI $19,223 @ 7.0% cap · market cap 11.31%
Second Best
Mixed Use
$69.4K
$60.8K – $81.0K
NOI $4,861 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$292.5K
$255.9K – $341.2K
NOI $20,473 @ 7.0% cap · market cap 12.04%
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
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,385 visits/mo
0.1 miles
Sunoco
Shops & Services
3,135 visits/mo
0.2 miles
Huntington Bank
Shops & Services
2,660 visits/mo
0.3 miles
U.S. Bank
Shops & Services
1,868 visits/mo
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property combining a storefront, two efficiency apartments, flexible interior space, 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 $170,000.
What are key features of this property?
This property features: 4,000 square feet on the main level; Two one‑bedroom efficiency apartments with full bathrooms; 44 X 33 storefront unit
