Bed and Breakfast with Guest
For Sale
$585,000
6041 Township Road 310, Millersburg, OH 44654
Established hospitality property with multiple guest rooms, private bathrooms, two cottages, and shared gathering spaces.
Property Size4,618 SF
Price / SF$126.68
Days on Market24
Property Features for 6041 Township Road 310
General Information
Standard status
Active
Size
4,618 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Amenities
attached garage
gas fireplace
deck
gazebo
insulated enclosed porch
kitchenette
laundry room
jetted tub
pavilion
red outbuilding
potting sheds
country front porch
porch
Building Details
Year Built
1979
Listing Agency:
Owens Real Estate Firm, Inc.
(330) 231-0733
Listed By:
Tina A Owens
Source:
Theacclaimedrealty
Added: Aug 9
Changed: Aug 31
Last Checked: Aug 31 at 6:42PM
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.
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.
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 = 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
$27,968
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
4.78%
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%
$559,360
$559.4K
Cap Rate 7%
$399,543
$399.5K
Cap Rate 9%
$310,756
$310.8K
Market Conditions
NOI Build-Up for 4,618 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
$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 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%
$559,360
Cap Rate 7%
$399,543
Cap Rate 9%
$310,756
Alternative Uses
Best Use
Apartment 5plus
$50.67M
$44.33M – $59.11M
NOI $3,546,577 @ 7.0% cap · market cap 606.25%
Second Best
Hotel Hospitality
$399.5K
$349.6K – $466.1K
NOI $27,968 @ 7.0% cap · market cap 4.78%
Theoretical Best
Multifamily LT 5
$58.31M
$51.03M – $68.03M
NOI $4,082,006 @ 7.0% cap · market cap 697.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
