Office
New
For Sale
Contact for pricing
314 W Main St, Mason, OH 45040
This downtown Mason property sits on a substantial parcel for an office asset.
Property Size1,776 SF
Lot Size0.32 Acres
Price / SF$225.23
Days on Market6
Property Features for 314 W Main St
General Information
Standard status
Active
Size
1,776 SF
Lot size
0.32 Acres
Property subtype
OFFICE
Additional Details
Asking Price
$325,000
Building Details
Buildings
1
Listing Agency:
Edge Real Estate Group, LLC
(513) 489-3343
Listed By:
Zachary Schunn · License #KY246245
(513) 939-4884
Source:
Moodyscre
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 2:19AM
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 Edge Real Estate Group, LLC
Investment Insights
Based on property information with market context.
At 314 W Main Street, this office property in downtown Mason contains 1,776 square feet and occupies a 0.32-acre parcel. Current tenants are on month-to-month arrangements, a lease structure that allows flexibility for an investor or owner-user.
Nearby destinations include the Mason Public Library, Royal Theatre Company, Acting Up Community Theatre Group, Mason City Schools, Servatii’s, Domino’s and Subway.
Nearby destinations include the Mason Public Library, Royal Theatre Company, Acting Up Community Theatre Group, Mason City Schools, Servatii’s, Domino’s and Subway.
Key Highlights
- 1,776‑square‑foot office property on a 0.32‑acre parcel
- Month‑to‑month tenant arrangements
- Nearby destinations include Mason Public Library, Royal Theatre Company and Mason City Schools
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,982
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,640
$459.6K
Cap Rate 7%
$328,314
$328.3K
Cap Rate 9%
$255,356
$255.4K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$33.7K $18.96/SF
− Vacancy
−$3.0K −$1.71/SF
EGI
$30.6K $17.25/SF
− OpEx
−$7.7K −$4.31/SF
NOI
$23.0K $12.94/SF
Area
Warren County, OH
Vacancy
9.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,640
Cap Rate 7%
$328,314
Cap Rate 9%
$255,356
Alternative Uses
Best Use
Office B
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.7K
$347.1K – $462.8K
NOI $27,769 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 45040, OH
57,153
Population
21,977
Households
2.6
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
28.5 sq mi
ZIP Area
2,005
Density / Sq Mi
$131,803
Median Household Income
$68,422
Median Earnings
$1,691
Median Rent
$403,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - This downtown Mason property sits on a substantial parcel for an office asset.
Where is this office building located?
The property is located at 314 W Main St Mason, OH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,776‑square‑foot office property on a 0.32‑acre parcel; Month‑to‑month tenant arrangements; Nearby destinations include Mason Public Library, Royal Theatre Company and Mason City Schools
