Short-Term Rental Property with
31044 Mays Road, Logan, OH 43138
For Sale
Contact for pricing
An unfinished basement and active renovation work shape the property's current configuration.
Property Size1,556 SF
Lot Size3.34 Acres
Price / SF$211.44
Days on Market18
Property Features for 31044 Mays Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Asking Price
Road Access
Multifamily Units
Amenities
pond
Listing Agency:
Real Estate Opportunity
Listed By:
Michael Publicover · License OH #2015002345
(614) 313-6056
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 3:34PM
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 Real Estate Opportunity
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set on 3.34 acres, the property contains 1,556 square feet of living space and a pond. An unfinished basement offers room for a possible additional bedroom and bathroom. Renovation work is underway, and the property is being offered in its current stage of improvement.
The property is approximately 8 miles from a mountain coaster planned for 2027.
The property is approximately 8 miles from a mountain coaster planned for 2027.
Key Highlights
- 3.34‑acre property with a pond
- 1,556 square feet of living space
- Unfinished basement with potential for an additional bedroom and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,079
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,580
$321.6K
Cap Rate 7%
$229,700
$229.7K
Cap Rate 9%
$178,656
$178.7K
Market Conditions
NOI Build-Up for 1,556 SF
Gross rent
$31.7K $20.40/SF
− Vacancy
−$2.5K −$1.61/SF
EGI
$29.2K $18.79/SF
− OpEx
−$13.2K −$8.45/SF
NOI
$16.1K $10.33/SF
Area
Hocking County, OH
Vacancy
7.90%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,580
Cap Rate 7%
$229,700
Cap Rate 9%
$178,656
Alternative Uses
Best Use
Apartment 5plus
$229.7K
$201.0K – $268.0K
NOI $16,079 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$313.6K
$274.4K – $365.9K
NOI $21,953 @ 7.0% cap · market cap 6.67%
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
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 43138, OH
18,445
Population
8,457
Households
2.2
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
175.8 sq mi
ZIP Area
105
Density / Sq Mi
$65,028
Median Household Income
$37,920
Median Earnings
$766
Median Rent
$169,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Short term rental property - An unfinished basement and active renovation work shape the property's current configuration.
Where is this short term rental property located?
The property is located at 31044 Mays Road Logan, OH.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 3.34‑acre property with a pond; 1,556 square feet of living space; Unfinished basement with potential for an additional bedroom and bathroom
