Two-Story Mixed-Use
For Sale
Contact for pricing
46 Jefferson Street, Brookville, OH 45309
Brick construction pairs a vehicle-oriented commercial workspace with a remodeled residential apartment.
Property Size5,247 SF
Price / SF$72.42
Days on Market33
Property Features for 46 Jefferson Street
General Information
Standard status
Active
Size
5,247 SF
Property subtype
Retail, Industrial, Mixed Use
Building Details
Year Built
1890
Year Renovated
2026
Buildings
1
Stories
2
Units
1
Listing Agency:
Better Homes and Gardens Real Estate Big Hill
(937) 307-0178
Listed By:
Jamie Day · License #OH BRKM.0000365367
Source:
Crexi
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 30 at 12:30AM
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 Better Homes and Gardens Real Estate Big Hill
Investment Insights
Based on property information with market context.
Located at 46 Jefferson Street in Brookville, Ohio, this two-level mixed-use property contains 5,247 square feet within an all-brick structure completed in 1890. The lower floor provides a commercial work area sized for 7–8 vehicles, with stated suitability for automotive repair or detailing operations.
The upper level has been remodeled into a three-bedroom, two-full-bath apartment with both living and family rooms. This configuration places commercial workspace and residential accommodations within the same building.
The upper level has been remodeled into a three-bedroom, two-full-bath apartment with both living and family rooms. This configuration places commercial workspace and residential accommodations within the same building.
Key Highlights
- 5,247‑square‑foot mixed‑use building
- Two‑story all‑brick construction completed in 1890
- Lower‑level workspace accommodates 7–8 cars
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
$27,640
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
7.27%
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%
$552,800
$552.8K
Cap Rate 7%
$394,857
$394.9K
Cap Rate 9%
$307,111
$307.1K
Market Conditions
NOI Build-Up for 5,247 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
$42.2K $8.04/SF
− Vacancy
−$2.7K −$0.51/SF
EGI
$39.5K $7.53/SF
− OpEx
−$11.8K −$2.26/SF
NOI
$27.6K $5.27/SF
Area
Montgomery County, OH
Vacancy
6.40%
Lease Rate
$8.04 /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%
$552,800
Cap Rate 7%
$394,857
Cap Rate 9%
$307,111
Alternative Uses
Best Use
Retail
$871.7K
$762.8K – $1.02M
NOI $61,022 @ 7.0% cap · market cap 16.06%
Second Best
Mixed Use
$656.8K
$574.7K – $766.3K
NOI $45,976 @ 7.0% cap · market cap 12.10%
Theoretical Best
Multifamily LT 5
$49.63M
$43.42M – $57.90M
NOI $3,473,866 @ 7.0% cap · market cap 914.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 45309, OH
12,050
Population
4,849
Households
2.5
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
65.9 sq mi
ZIP Area
183
Density / Sq Mi
$72,570
Median Household Income
$39,630
Median Earnings
$905
Median Rent
$197,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction pairs a vehicle-oriented commercial workspace with a remodeled residential apartment.
Where is this mixed-use property located?
The property is located at 46 Jefferson Street Brookville, OH.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 5,247‑square‑foot mixed‑use building; Two‑story all‑brick construction completed in 1890; Lower‑level workspace accommodates 7–8 cars
