Live-Work Mixed-Use
For Sale
$575,000
380 S Main Street, De Graff, OH 43318
Commercial Sale, De Graff, OH
Property Size2,772 SF
Lot Size2.30 Acres
Price / SF$207.43
Days on Market123
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
Parking Lot, Garage
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
Amenities
soaring wood-beamed ceilings
knotty pine walls
heated floors
overhead doors
three-phase electric
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
(937) 935-8008
Added: May 13
Changed: Sep 7
Last Checked: Sep 12 at 8:06AM
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.
Set on 2.3 acres at 380 S Main Street in De Graff, Ohio, this mixed-use property combines a finished residence with a substantial commercial campus. The home provides 2,772 square feet with three bedrooms, two bathrooms, an open layout, wood-beamed ceilings, knotty pine walls, a country kitchen, and a primary suite with a reading alcove. A second 2,772-square-foot upper level remains unfinished for additional residential, office, or studio space.
The principal commercial building measures more than 5,000 square feet and features 16-foot ceilings, reception and showroom areas, offices, a parts department, multiple workstations, heated floors, and overhead doors ranging from 9 to 12 feet. The property also includes a 1,584-square-foot rear shop with a full bath, furnace, and central air, plus a newer 40-by-60-foot insulated building with concrete floors, overhead doors, and plumbing prepared for a future bath. Three-phase electric, public sewer, parking, and garage facilities are included.
The principal commercial building measures more than 5,000 square feet and features 16-foot ceilings, reception and showroom areas, offices, a parts department, multiple workstations, heated floors, and overhead doors ranging from 9 to 12 feet. The property also includes a 1,584-square-foot rear shop with a full bath, furnace, and central air, plus a newer 40-by-60-foot insulated building with concrete floors, overhead doors, and plumbing prepared for a future bath. Three-phase electric, public sewer, parking, and garage facilities are included.
Key Highlights
- 2.3‑acre mixed‑use property at 380 S Main Street, De Graff, OH 43318
- 2,772 SF residence with 3 bedrooms and 2 bathrooms
- Additional unfinished 2,772 SF upper level
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
Mixed Use
$401.0K
$350.8K – $467.8K
NOI $28,067 @ 7.0% cap · market cap 4.88%
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
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Current Use
Lease Details
16 ft
Clear height
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
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?
Mixed-use property - Residence and multiple commercial buildings create a flexible live-work compound with workshop, office, showroom, and storage capabilities.
Where is this mixed-use 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: 2.3‑acre mixed‑use property at 380 S Main Street, De Graff, OH 43318; 2,772 SF residence with 3 bedrooms and 2 bathrooms; Additional unfinished 2,772 SF upper level
