Flex Space with Loading
For Sale
$315,000
330 N Front St, Ripley, OH 45167
Commercial space near the Ohio River and local amenities, with adaptable retail or office use potential.
Property Size7,500 SF
Price / SF$42
Days on Market28
Property Features for 330 N Front St
General Information
Standard status
Active
Size
7,500 SF
Amenities
2-14' garage doors
Building Details
Year Built
1974
Listing Agency:
Ragan McKinney Real Estate
(937) 515-8400
Listed By:
Ragan McKinney · License #0000160440
Source:
Lovdalgroup
Added: Aug 3
Changed: Aug 29
Last Checked: Aug 29 at 9:10PM
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 Ragan McKinney Real Estate
Investment Insights
Based on property information with market context.
This flex space at 330 N Front St in Ripley, Ohio, contains over 7,500 square feet and was built in 1974. The property includes two 14-foot garage doors, providing dedicated access for loading and unloading. Its configuration supports a range of commercial uses, including retail and office operations.
The property is situated near the Ohio River and local amenities, adding geographic context for businesses seeking a Ripley location. The combination of substantial interior space and oversized garage access creates a practical setting for users requiring both workspace and delivery access.
The property is situated near the Ohio River and local amenities, adding geographic context for businesses seeking a Ripley location. The combination of substantial interior space and oversized garage access creates a practical setting for users requiring both workspace and delivery access.
Key Highlights
- Over 7,500 square feet of flex space
- Two 14‑foot garage doors for loading and unloading
- Built in 1974
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
$28,577
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
9.07%
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%
$571,540
$571.5K
Cap Rate 7%
$408,243
$408.2K
Cap Rate 9%
$317,522
$317.5K
Market Conditions
NOI Build-Up for 7,500 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
$47.7K $6.36/SF
− Vacancy
−$3.7K −$0.50/SF
EGI
$44.0K $5.86/SF
− OpEx
−$15.4K −$2.05/SF
NOI
$28.6K $3.81/SF
Area
Brown County, OH
Vacancy
7.83%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
35.00%
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%
$571,540
Cap Rate 7%
$408,243
Cap Rate 9%
$317,522
Alternative Uses
Best Use
Warehouse
$534.6K
$467.8K – $623.7K
NOI $37,423 @ 7.0% cap · market cap 11.88%
Second Best
Industrial
$440.3K
$385.2K – $513.7K
NOI $30,819 @ 7.0% cap · market cap 9.78%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,803 @ 7.0% cap · market cap 32.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45167, OH
3,441
Population
1,710
Households
2
Avg Household Size
48
Median Age
16%
College-Educated
89%
High-School Grad
61.9 sq mi
ZIP Area
56
Density / Sq Mi
$66,875
Median Household Income
$40,804
Median Earnings
$730
Median Rent
$162,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial space near the Ohio River and local amenities, with adaptable retail or office use potential.
Where is this flex space located?
The property is located at 330 N Front St Ripley, OH.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Over 7,500 square feet of flex space; Two 14‑foot garage doors for loading and unloading; Built in 1974
