Live-Work Manufacturing
For Sale
$575,000
380 S Main Street, De Graff, OH 43318
COMMERCIAL - Stick - De Graff, OH
Property Size2,772 SF
Lot Size2.30 Acres
Price / SF$207.43
Days on Market103
Property Features for 380 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Residential
Rooms
Dining Room
Parking
40
Parking features
Garage, Parking Lot
Security features
Security System
Interior features
Walk-In Closet(s), Attic, Cathedral Ceiling(s), Ceiling Fan(s)
Basement
Crawl Space
Lot features
Residential Lot
Directions
380 S Main Street, De Graff, OH 43318
Subdivision
904 S/W Logan County
Standard status
Active
APN
261171105001000
Size
2,772 SF
Lot size
2.30 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Propane (Heating), Natural Gas
Cooling system
Central Air
Building Details
Year built
1900
Flooring type
Wood, Carpet, Linoleum
Building materials
Steel Frame, Aluminum Siding, Steel Siding, Vinyl Siding
Architectural style
Stick
Additional Structures
Outbuilding
Listing Agency:
Key Realty
(877) 539-7589
Listed By:
Malia K. Hughes · License #2008001822
(877) 539-7589
Added: May 13
Changed: Aug 5
Last Checked: Aug 23 at 11:06AM
MLS# 1045617
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A one-of-a-kind live/work setup combining a chalet-inspired 3-bedroom, 2-bath main residence with an expansive commercial fabrication facility. The home features wood-beamed ceilings, knotty pine walls, an open-concept layout, a spacious country kitchen, and a primary suite with a private reading alcove. An additional unfinished 2,772 SF upper level offers flexible possibilities for expanded living or other uses.
The commercial component includes a main 5,000+ SF facility with 16-foot ceilings currently operating as a fabrication and transmission shop. Improvements include a reception area, showroom, office space, parts department, multiple workstations, heated floors, and several overhead doors ranging from 9 to 12 feet for practical vehicle and workflow access. A 1,584 SF rear shop with a full bath, furnace, and central air adds further capability, along with a newer 40x60 insulated building with concrete floors, overhead doors, and plumbing ready for a future bath. Three-phase electric is available.
Located at 380 S Main Street in De Graff, OH, the property sits on 2.3 acres and brings together residential comfort and robust shop infrastructure in a single compound.
The commercial component includes a main 5,000+ SF facility with 16-foot ceilings currently operating as a fabrication and transmission shop. Improvements include a reception area, showroom, office space, parts department, multiple workstations, heated floors, and several overhead doors ranging from 9 to 12 feet for practical vehicle and workflow access. A 1,584 SF rear shop with a full bath, furnace, and central air adds further capability, along with a newer 40x60 insulated building with concrete floors, overhead doors, and plumbing ready for a future bath. Three-phase electric is available.
Located at 380 S Main Street in De Graff, OH, the property sits on 2.3 acres and brings together residential comfort and robust shop infrastructure in a single compound.
Key Highlights
- Historic mixed‑use property built in 1900 featuring a 3‑bedroom, 2‑bath main residence with approx. 2,772 SF of finished living space.
- Additional approx. 2,772 SF unfinished upper level offers options for an extended family suite, apartment, Airbnb, office expansion, or rental.
- Main commercial facility is 5,000+ SF with 16‑foot ceilings, reception/showroom, office space, parts department, multiple workstations, and heated floors.
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
$34,063
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
5.92%
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%
$681,260
$681.3K
Cap Rate 7%
$486,614
$486.6K
Cap Rate 9%
$378,478
$378.5K
Market Conditions
NOI Build-Up for 2,772 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
$59.7K $21.53/SF
− Vacancy
−$14.3K −$5.15/SF
EGI
$45.4K $16.38/SF
− OpEx
−$11.4K −$4.10/SF
NOI
$34.1K $12.29/SF
Area
Logan County, OH
Vacancy
23.90%
Lease Rate
$21.53 /SF/Yr
Expense Ratio
25.00%
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%
$681,260
Cap Rate 7%
$486,614
Cap Rate 9%
$378,478
Alternative Uses
Best Use
Office B
$486.6K
$425.8K – $567.7K
NOI $34,063 @ 7.0% cap · market cap 5.92%
Second Best
Industrial
$162.7K
$142.4K – $189.9K
NOI $11,391 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$559.6K
$489.6K – $652.8K
NOI $39,169 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 43318, OH
3,609
Population
1,648
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
90%
High-School Grad
64.2 sq mi
ZIP Area
56
Density / Sq Mi
$78,869
Median Household Income
$44,405
Median Earnings
$1,005
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Chalet-inspired residence connected to a 5,000+ SF fabrication and transmission shop with overhead doors and heated floors.
Where is this manufacturing property located?
The property is located at 380 S Main Street De Graff, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Historic mixed‑use property built in 1900 featuring a 3‑bedroom, 2‑bath main residence with approx. 2,772 SF of finished living space.; Additional approx. 2,772 SF unfinished upper level offers options for an extended family suite, apartment, Airbnb, office expansion, or rental.; Main commercial facility is 5,000+ SF with 16‑foot ceilings, reception/showroom, office space, parts department, multiple workstations, and heated floors.
