Building Details

Building Size 4,158 SF

Year Built 1900

Listing Agency: Red 1 Realty a***@gmail.com Show Phone

Listed By: Amber L Burns · License #2005008016 Show Phone

Source: Camtaylor

Added: Jul 25 Changed: Aug 4 Last Checked: Aug 8 at 9:29AM

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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 Red 1 Realty

Investment Insights

Based on property information with market context.

This mixed-use property in Utica, Ohio, includes a 3024 Sqft main level and a 1100 sqft, three-bedroom apartment on the upper floor. The apartment includes all appliances and can support owner occupancy or rental use. The main level features exposed brick, high ceilings, fresh paint, a granite bar with overhead storage, an 8x10 walk-in cooler, security and point-of-sale systems, and a covered outdoor patio. A Class D 1,2,3,3A liquor license is included, along with most bar contents and restaurant equipment documented separately.

Built in 1900, the property also includes a substantial original mantel and has undergone many recent updates. Its combination of hospitality improvements and separate residential space creates a flexible mixed-use configuration at 50 S Main Street.

Key Highlights

• Class D 1,2,3,3A liquor license included
• 3024 Sqft main level with granite bar and overhead storage
• 1100 sqft, 3‑bedroom apartment with all appliances

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

$36,434

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

8.47%

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%

$728,680 $728.7K

Cap Rate 7%

$520,486 $520.5K

Cap Rate 9%

$404,822 $404.8K

Market Conditions

NOI Build-Up for 4,158 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

$71.4K $17.16/SF

− Vacancy

−$13.1K −$3.14/SF

EGI

$58.3K $14.02/SF

− OpEx

−$21.9K −$5.26/SF

NOI

$36.4K $8.76/SF

Area

Montgomery County, OH

Vacancy

18.30%

Lease Rate

$17.16 /SF/Yr

Expense Ratio

37.50%

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%

$728,680

Cap Rate 7%

$520,486

Cap Rate 9%

$404,822

Alternative Uses

Best Use

Apartment 5plus

$34.56M

$30.24M – $40.31M (±1% cap)

NOI $2,418,894 @ 7.0% cap · market cap 562.66%

Second Best

Specialty Retail

$740.2K

$647.6K – $863.5K (±1% cap)

NOI $51,811 @ 7.0% cap · market cap 12.05%

Theoretical Best

Multifamily LT 5

$39.33M

$34.41M – $45.88M (±1% cap)

NOI $2,752,875 @ 7.0% cap · market cap 640.35%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

182

Businesses Nearby

Explore this area Business Placement

Demographics for 43080, OH

5,321

Population

2,198

Households

2.4

Avg Household Size

41

Median Age

16%

College-Educated

91%

High-School Grad

73.3 sq mi

ZIP Area

73

Density / Sq Mi

$82,639

Median Household Income

$39,053

Median Earnings

$852

Median Rent

$221,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines a bar-equipped main level with a three-bedroom apartment above.

Where is this mixed-use property located?

The property is located at 50 S Main Street Utica, OH.

What is the asking price?

The asking price for this property is $429,900.

What are key features of this property?

This property features: Class D 1,2,3,3A liquor license included; 3024 Sqft main level with granite bar and overhead storage; 1100 sqft, 3‑bedroom apartment with all appliances