Mixed-Use Building with
312 N Seltzer Street, Crestline, OH 44827
For Sale
$174,900
Commercial Bldg Sale,Office Bldg Sale, Crestline, OH
Property Size3,508 SF
Price / SF$49.86
Days on Market12
Property Features for 312 N Seltzer Street
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Building Details
Year built
Roof type
Buildings
Listing Agency:
Craig A. Miley Realty & Auction
(419) 468-4602
Listed By:
Craig Miley
(419) 512-6295
Added: Oct 29
Changed: Oct 30
Last Checked: Nov 9 at 4:06AM
MLS# 20101332
Copyright © 2026 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,508-square-foot brick mixed-use property combines 2,363 square feet of finished office area with 1,145 square feet of rear warehouse space. The building, constructed in 1975, is heated throughout by natural gas forced-air systems and has two bathrooms. An 8-by-10-foot overhead door provides access to the warehouse. The roof includes composition and metal materials.
Zoned B2-General Business District, the property has eight parking spaces at the rear, with additional on-street parking. It is connected to public sewer.
Zoned B2-General Business District, the property has eight parking spaces at the rear, with additional on-street parking. It is connected to public sewer.
Key Highlights
- 3,508 square feet total: 2,363 square feet of finished office space and 1,145 square feet of rear warehouse
- Brick construction; built in 1975
- 8‑by‑10‑foot overhead door at the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,743
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,860
$234.9K
Cap Rate 7%
$167,757
$167.8K
Cap Rate 9%
$130,478
$130.5K
Market Conditions
NOI Build-Up for 3,508 SF
Gross rent
$20.6K $5.86/SF
− Vacancy
−$1.8K −$0.50/SF
EGI
$18.8K $5.36/SF
− OpEx
−$7.0K −$2.01/SF
NOI
$11.7K $3.35/SF
Area
Crawford 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%
$234,860
Cap Rate 7%
$167,757
Cap Rate 9%
$130,478
Alternative Uses
Best Use
Office B
$479.9K
$419.9K – $559.9K
NOI $33,593 @ 7.0% cap · market cap 19.21%
Second Best
Warehouse
$250.1K
$218.8K – $291.7K
NOI $17,504 @ 7.0% cap · market cap 10.01%
Theoretical Best
Specialty Retail
$687.7K
$601.7K – $802.3K
NOI $48,138 @ 7.0% cap · market cap 27.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
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Business Placement
Demographics for 44827, OH
6,973
Population
3,564
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
48.5 sq mi
ZIP Area
144
Density / Sq Mi
$53,089
Median Household Income
$32,334
Median Earnings
$744
Median Rent
$111,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse functions share a heated brick building with rear loading access.
Where is this mixed-use property located?
The property is located at 312 N Seltzer Street Crestline, OH.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 3,508 square feet total: 2,363 square feet of finished office space and 1,145 square feet of rear warehouse; Brick construction; built in 1975; 8‑by‑10‑foot overhead door at the warehouse
