Updated Mixed-Use Property with
For Sale
$230,000
605 Putnam Ave, Zanesville, OH 43701
Historic brick building combines a residential home with an attached commercial suite and separate business entrance.
Property Size2,820 SF
Price / SF$81.56
Days on Market129
Property Features for 605 Putnam Ave
General Information
Standard status
Active
Size
2,820 SF
Amenities
fully fenced yard
spacious side lot
private driveway
large rear patio
Building Details
Year Built
1880
Buildings
1
Construction
brick
Listing Agency:
Town & Country
(479) 849-0085
Listed By:
Camry Stoffel · License #2025000114
Source:
Theacclaimedrealty
Added: Apr 24
Changed: Aug 29
Last Checked: Aug 25 at 5:36AM
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 Town & Country
Investment Insights
Based on property information with market context.
This 2,820-square-foot mixed-use property combines a residential home with an attached commercial suite. The residence includes four bedrooms and one full bathroom, while the commercial area is currently configured as a hair salon with its own entrance, half bathroom, mini-split heating and cooling, and dedicated breaker box. The building dates to 1880 and incorporates updated features within its historic brick construction.
The exterior includes a fully fenced yard, spacious side lot, private driveway, and large rear patio. The property is located at 605 Putnam Avenue in Zanesville, Ohio, providing a combined residential and commercial layout at a single address.
The exterior includes a fully fenced yard, spacious side lot, private driveway, and large rear patio. The property is located at 605 Putnam Avenue in Zanesville, Ohio, providing a combined residential and commercial layout at a single address.
Key Highlights
- 2,820‑square‑foot mixed‑use property
- Residential portion includes 4 bedrooms and 1 full bathroom
- Attached commercial suite currently operates as a hair salon
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
$18,287
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
7.95%
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%
$365,740
$365.7K
Cap Rate 7%
$261,243
$261.2K
Cap Rate 9%
$203,189
$203.2K
Market Conditions
NOI Build-Up for 2,820 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
$27.1K $9.60/SF
− Vacancy
−$948 −$0.34/SF
EGI
$26.1K $9.26/SF
− OpEx
−$7.8K −$2.78/SF
NOI
$18.3K $6.48/SF
Area
Muskingum County, OH
Vacancy
3.50%
Lease Rate
$9.60 /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%
$365,740
Cap Rate 7%
$261,243
Cap Rate 9%
$203,189
Alternative Uses
Best Use
Mixed Use
$398.8K
$349.0K – $465.3K
NOI $27,918 @ 7.0% cap · market cap 12.14%
Second Best
Retail
$261.2K
$228.6K – $304.8K
NOI $18,287 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$612.1K
$535.6K – $714.1K
NOI $42,844 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,959 visits/mo
0.3 miles
U-Haul Moving & Trailer Hitch Center of Zanesville
Shops & Services
764 visits/mo
0.5 miles
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic brick building combines a residential home with an attached commercial suite and separate business entrance.
Where is this mixed-use property located?
The property is located at 605 Putnam Ave Zanesville, OH.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 2,820‑square‑foot mixed‑use property; Residential portion includes 4 bedrooms and 1 full bathroom; Attached commercial suite currently operates as a hair salon
