Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    50 S Main St London, OH 43140

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Mixed-use property with retail and residential units in London, OH.

    Lot size:
    0.04 Acres

    Property Features for 50 S Main St

    General Information

    Standard status
    Active
    Lot size
    0.04 Acres

    Building Details

    Year built
    1890

    We can help!

    Listing Contact
    Taras Posykalyuk
    Source: Crexi

    Listing Agency: Red 1 Realty Listing Agent: Taras Posykalyuk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    London Mixed-Use Property For Sale

    This mixed-use property is located in London, OH, and features retail space on the first floor and three residential units on the second floor. The retail space is currently leased through August 2027. Each unit is equipped with new HVAC units and appliances, including a washer and dryer.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Madison
    State
    Ohio
    Longitude
    -83.4474314
    Latitude
    39.8855738

    Nearby Similar for Sale

    • $115,000
      0.30 Acres

      Flexible Space in London, OH

      Versatile property with workshop, storage, and hobby space.
      1125 Roberts Mill Rd, London, OH 43140
      View Details
    • $115,000
      0.30 Acres

      Flexible Space in London, OH

      0.3 acre parcel with flexible space for storage/workshop.
      1125 Roberts Mill Rd, London, OH 43140
      View Details
    • $789,900
      0.04 Acres

      London, OH Mixed-Use Property

      Mixed-use property with retail and residential units in London, OH.
      50 S Main St, London, OH 43140
      View Details
    • $950,000
      0.06 Acres

      London, OH Standalone Building

      Renovated building near I-70 & US 42, suitable for retail.
      1340 Us Rt 42, London, OH 43140
      View Details
    • Contact for pricing
      6,524 SF

      Versatile Building with Large Lot

      6,524 SF building with multi-use potential and additional parking.
      249 W High St, London, OH 43140
      View Details
    • $400,000
      3,089 SF

      Downtown London Retail Space

      Prime Retail Location, High ROI Potential
      24 Main St, London, OH 43140
      View Details
    • Contact for pricing
      283,584 SF

      Distribution and Manufacturing Facility

      283,584 SF facility on 27.78 acres for sale.
      475 E High St, London, OH 43140
      View Details
    • Contact for pricing
      6,220 SF

      London, OH Office Space

      Office space available for sale in London, OH.
      54 W High St, London, OH 43140
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail and residential units in London, OH.
    Where is this mixed-use property located?
    The property is located at 50 S Main St London, OH.
    What are key features of this property?
    This property features: - 10% CAP RATE: Great cash flow opportunity.; - Leased Retail Space: Retail space on the first floor is leased thru August 2027, providing immediate income.; - Three Residential Units: Three residential units located on the second floor.
    Request Owner's contact information
    50 S Main St London, OH 43140
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    50 S Main St
    London, OH 43140
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 S Main St London, OH 43140
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Taras Posykalyuk
    Real Estate License ID: 2020008088
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!