Freestanding Retail
For Sale
Contact for pricing
580 W Coshocton St, Johnstown, OH 43031
Flexible, well-maintained space with signage opportunities and convenient customer access.
Property Size1,536 SF
Price / SF$618.49
Days on Market265
Property Features for 580 W Coshocton St
General Information
Standard status
Active
Size
1,536 SF
Property subtype
RETAIL
Zoning
Retail
Additional Details
Road Access
Yes
Building Details
Year Built
1990
Listing Agency:
SHAI-Hess Commercial Real Estate
Listed By:
Brandon Hess
(740) 587-7441
Source:
Moodyscre
Added: Dec 24, 2025
Changed: Sep 2
Last Checked: Sep 15 at 11:23AM
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 SHAI-Hess Commercial Real Estate
Investment Insights
Based on property information with market context.
This 1,536-square-foot freestanding retail building was built in 1990 and offers a flexible layout for a range of retail uses. The property is described as well maintained, with an efficient footprint that can support merchandising, customer service, or specialty retail concepts. Building and road signage opportunities provide additional exposure for an occupant or business operator.
Located along SR-62 in one of Johnstown’s established business districts, the property has frontage along a well-traveled roadway and convenient ingress and egress for customers. The surrounding area includes a mix of local and national retailers, supporting steady customer activity. The building is zoned retail and is also positioned for office or professional-service use as described in the property information.
Located along SR-62 in one of Johnstown’s established business districts, the property has frontage along a well-traveled roadway and convenient ingress and egress for customers. The surrounding area includes a mix of local and national retailers, supporting steady customer activity. The building is zoned retail and is also positioned for office or professional-service use as described in the property information.
Key Highlights
- 1,536‑square‑foot freestanding building built in 1990
- Flexible layout with an efficient footprint for retail customization
- Zoned retail for a range of permitted uses
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
$27,991
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
2.95%
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%
$559,820
$559.8K
Cap Rate 7%
$399,871
$399.9K
Cap Rate 9%
$311,011
$311.0K
Market Conditions
NOI Build-Up for 1,536 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
$41.5K $27.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$40.0K $26.03/SF
− OpEx
−$12.0K −$7.81/SF
NOI
$28.0K $18.22/SF
Area
Licking County, OH
Vacancy
3.58%
Lease Rate
$27.00 /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%
$559,820
Cap Rate 7%
$399,871
Cap Rate 9%
$311,011
Alternative Uses
Best Use
Retail
$399.9K
$349.9K – $466.5K
NOI $27,991 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.23M
$1.08M – $1.44M
NOI $86,352 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43031, OH
13,189
Population
5,240
Households
2.5
Avg Household Size
42
Median Age
41%
College-Educated
97%
High-School Grad
85.0 sq mi
ZIP Area
155
Density / Sq Mi
$109,652
Median Household Income
$58,405
Median Earnings
$1,005
Median Rent
$341,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Kroger Floral — 800 W Coshocton St, Johnstown, OH 43031
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible, well-maintained space with signage opportunities and convenient customer access.
Where is this storefront property located?
The property is located at 580 W Coshocton St Johnstown, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,536‑square‑foot freestanding building built in 1990; Flexible layout with an efficient footprint for retail customization; Zoned retail for a range of permitted uses
