Storefront Building with Loading
For Sale
$749,000
35 E Main St, Norwalk, OH 44857
For-sale storefront building with multiple entrances, a loading dock, and updated roof and rooftop HVAC.
Property Size11,000 SF
Price / SF$68.09
Days on Market233
Property Features for 35 E Main St
General Information
Standard status
Active
Size
11,000 SF
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$5,005
Listing Agency:
Ewell & Associates
(419) 677-1066
Listed By:
Jay A. Ewell
(419) 677-1066
Source:
Exprealty
Added: Dec 19, 2025
Changed: Aug 8
Last Checked: Jun 16 at 2:54AM
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 Ewell & Associates
Investment Insights
Based on property information with market context.
This for-sale storefront building offers over 11,000 square feet of floor space along with a partial basement and a loading dock. The property includes a rear retail entrance and a parking area located in the back. It has been used as a retail showroom for many years, but the configuration could support other uses such as office space. The building also features recently replaced roof improvements and rooftop HVAC units, plus three-phase electric service.
The property is located at 35 E Main St in Norwalk, OH. In addition to the primary storefront, there is a second store front space with a separate entrance and address on E. Main. That additional entrance can support flexible occupancy or potential sublease arrangements, depending on how an operator plans to use the space.
With substantial interior area, multiple access points, and a loading dock, this building is worth considering for retailers that need back-of-house capability or for businesses that want storefront presence with room to operate across more than one space. Recent roof and rooftop HVAC replacement helps reduce near-term building systems risk, while the three-phase electric service supports a range of commercial equipment needs.
The property is located at 35 E Main St in Norwalk, OH. In addition to the primary storefront, there is a second store front space with a separate entrance and address on E. Main. That additional entrance can support flexible occupancy or potential sublease arrangements, depending on how an operator plans to use the space.
With substantial interior area, multiple access points, and a loading dock, this building is worth considering for retailers that need back-of-house capability or for businesses that want storefront presence with room to operate across more than one space. Recent roof and rooftop HVAC replacement helps reduce near-term building systems risk, while the three-phase electric service supports a range of commercial equipment needs.
Key Highlights
- Main St. Uptown Norwalk storefront building for sale with 11,000+ sq ft of floor space, plus a partial basement and loading dock
- Rear parking area off Monroe St. with a rear retail entrance for convenient customer access
- Recently replaced roof and rooftop HVAC units
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
$47,219
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
6.30%
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%
$944,380
$944.4K
Cap Rate 7%
$674,557
$674.6K
Cap Rate 9%
$524,656
$524.7K
Market Conditions
NOI Build-Up for 11,000 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
$70.0K $6.36/SF
− Vacancy
−$2.5K −$0.23/SF
EGI
$67.5K $6.13/SF
− OpEx
−$20.2K −$1.84/SF
NOI
$47.2K $4.29/SF
Area
Huron County, OH
Vacancy
3.58%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
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%
$944,380
Cap Rate 7%
$674,557
Cap Rate 9%
$524,656
Alternative Uses
Best Use
Retail
$674.6K
$590.2K – $787.0K
NOI $47,219 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,039 @ 7.0% cap · market cap 21.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44857, OH
23,619
Population
10,579
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
93%
High-School Grad
81.6 sq mi
ZIP Area
289
Density / Sq Mi
$62,227
Median Household Income
$42,100
Median Earnings
$795
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Betschman's Flowers On Main — 120 E Main St, Norwalk, OH 44857
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront building with multiple entrances, a loading dock, and updated roof and rooftop HVAC.
Where is this storefront property located?
The property is located at 35 E Main St Norwalk, OH.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Main St. Uptown Norwalk storefront building for sale with 11,000+ sq ft of floor space, plus a partial basement and loading dock; Rear parking area off Monroe St. with a rear retail entrance for convenient customer access; Recently replaced roof and rooftop HVAC units
