Office Suite with Conference
For Sale
$595,000
304 WILLIAMS Street, Huron, OH 44839
Office space over 4,000 square feet with a large conference room and reception area.
Property Size4,156 SF
Price / SF$143.17
Days on Market178
Property Features for 304 WILLIAMS Street
General Information
Standard status
Active
Size
4,156 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,730
Amenities
Central Air
3
Building Details
Year Built
1988
Listing Agency:
The Holden Agency
(419) 525-5525
Listed By:
Amy Barbisch
(863) 232-9556
Source:
Xome
Added: Mar 12
Changed: Sep 1
Last Checked: Sep 5 at 3:39AM
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 The Holden Agency
Investment Insights
Based on property information with market context.
This office property offers more than 4,000 square feet of office space, including a large conference room and a designated reception area. It is described as having a view, supporting a workday environment geared toward client-facing meetings and day-to-day reception.
The property is located in the heart of Huron and sits directly across from the Huron Boat Basin. The surrounding area is noted for restaurants and entertainment on the water, with walking distance access.
As presented, the space is configured to support professional office use with both collaboration space and a reception component already in place.
The property is located in the heart of Huron and sits directly across from the Huron Boat Basin. The surrounding area is noted for restaurants and entertainment on the water, with walking distance access.
As presented, the space is configured to support professional office use with both collaboration space and a reception component already in place.
Key Highlights
- Over 4,000 sq ft of office space
- Large conference room plus a receptionist area
- Central air cooling
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
$51,554
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
8.66%
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%
$1,031,080
$1.0M
Cap Rate 7%
$736,486
$736.5K
Cap Rate 9%
$572,822
$572.8K
Market Conditions
NOI Build-Up for 4,156 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
$89.3K $21.48/SF
− Vacancy
−$20.5K −$4.94/SF
EGI
$68.7K $16.54/SF
− OpEx
−$17.2K −$4.13/SF
NOI
$51.6K $12.40/SF
Area
Erie County, OH
Vacancy
23.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$1,031,080
Cap Rate 7%
$736,486
Cap Rate 9%
$572,822
Alternative Uses
Best Use
Office B
$736.5K
$644.4K – $859.2K
NOI $51,554 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$45.74M
$40.02M – $53.36M
NOI $3,201,544 @ 7.0% cap · market cap 538.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 44839, OH
12,472
Population
6,786
Households
1.8
Avg Household Size
50
Median Age
40%
College-Educated
97%
High-School Grad
36.1 sq mi
ZIP Area
345
Density / Sq Mi
$77,377
Median Household Income
$40,250
Median Earnings
$888
Median Rent
$234,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office space over 4,000 square feet with a large conference room and reception area.
Where is this office building located?
The property is located at 304 WILLIAMS Street Huron, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Over 4,000 sq ft of office space; Large conference room plus a receptionist area; Central air cooling
