Building Details

Year Built 1979

Listing Agency: Owens Real Estate Firm, Inc.

Listed By: Tina A Owens Show Phone

Source: Theacclaimedrealty

Added: Aug 9 Changed: Oct 8 Last Checked: Oct 7 at 3:21PM

Report an Issue

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 Owens Real Estate Firm, Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This bed-and-breakfast property at 6041 Township Road 310 includes a main residence with an attached two-car garage, hardwood-floored foyer, living and dining areas, kitchen, stone gas fireplace, den, four additional bedrooms, and two full bathrooms. An enclosed porch connects with the living room and owners’ retreat, while a deck overlooks neighboring farm fields and rolling Holmes County terrain.

The lower level adds an open family room with kitchenette, gas fireplace, half bath, laundry, linen room, and utility area. Five additional rooms provide private full bathrooms; several offer both interior and exterior access, while others are accessed from outside. Two cottages feature open layouts, kitchenettes, gas fireplaces, porches, full bathrooms, and two-person jetted tubs. A new pavilion, new red outbuilding, potting sheds, and a country front porch complete the property. Built in 1979.

Key Highlights

• Two guest cottages with kitchenettes, gas fireplaces, porches, full bathrooms, and two‑person jetted tubs
• Main residence includes an attached two‑car garage and four additional bedrooms
• Lower level offers five rooms with private full bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,968

Cap Rate

4.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$559,360 $559.4K

Cap Rate 7%

$399,543 $399.5K

Cap Rate 9%

$310,756 $310.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,618 SF

Gross rent

$69.3K $15.00/SF

− Vacancy

−$10.4K −$2.25/SF

EGI

$58.9K $12.75/SF

− OpEx

−$30.9K −$6.69/SF

NOI

$28.0K $6.06/SF

Area

Holmes County, OH

Vacancy

15.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$559,360

Cap Rate 7%

$399,543

Cap Rate 9%

$310,756

Alternative Uses

Best Use

Apartment 5plus

$50.67M

$44.33M – $59.11M (±1% cap)

NOI $3,546,577 @ 7.0% cap · market cap 606.25%

Second Best

Hotel Hospitality

$399.5K

$349.6K – $466.1K (±1% cap)

NOI $27,968 @ 7.0% cap · market cap 4.78%

Theoretical Best

Multifamily LT 5

$58.31M

$51.03M – $68.03M (±1% cap)

NOI $4,082,006 @ 7.0% cap · market cap 697.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Bed & breakfasts

Suggested Use

Top Pick Real Estate Agency Bakery Carpet & Flooring Store Auto Repair Shop Kitchen & Bath Showroom Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44654, OH

20,612

Population

6,848

Households

3

Avg Household Size

32

Median Age

15%

College-Educated

60%

High-School Grad

160.2 sq mi

ZIP Area

129

Density / Sq Mi

$75,195

Median Household Income

$41,572

Median Earnings

$770

Median Rent

$288,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Similar For Sale Nearby

See more

Mixed-Use Building with Separate Entrances

1245 Glen Drive, Millersburg, OH 44654

$800,000

1.31 Acres

View details

Historic Hotel in Amish Country

35 West Jackson Street, Millersburg, OH 44654

$1,875,000

31,852 SF

View details

Flex Space with Covered Storage

6470 Township Road 310, Millersburg, OH 44654

$1,200,000

3.14 Acres

View details

Mixed-Use Building with Apartment

144 W Jackson Street W, Millersburg, OH 44654

$239,000

0.09 Acres

View details

School Campus with Three Buildings

439 E Jackson Street, Millersburg, OH 44654

Contact for pricing

6.94 Acres

View details

Retail Space with Signage

1633 S Washington Street, Millersburg, OH 44654

Contact for pricing

View details

Similar Off Market Nearby

• Garden Gate Get-A-Way Bed & Breakfast — 6041 Township Rd 310, Millersburg, OH 44654
• Hidden Oasis Cabin — 6150 OH-39, Millersburg, OH 44654

Frequently Asked Questions

What type of property is this?

Bed & breakfast - Established hospitality property with multiple guest rooms, private bathrooms, two cottages, and shared gathering spaces.

Where is this bed & breakfast located?

The property is located at 6041 Township Road 310 Millersburg, OH.

What is the asking price?

The asking price for this property is $585,000.

What are key features of this property?

This property features: Two guest cottages with kitchenettes, gas fireplaces, porches, full bathrooms, and two‑person jetted tubs; Main residence includes an attached two‑car garage and four additional bedrooms; Lower level offers five rooms with private full bathrooms