Mixed-Use Property with Retail
For Sale
$339,900
6399 Germantown Rd, Middletown, OH
Fully occupied property combines commercial space, residential apartments, and accessory structures along a high-traffic roadway.
Property Size6,516 SF
Lot Size1.95 Acres
Price / SF$52.16
Days on Market69
Property Features for 6399 Germantown Rd
General Information
Standard status
Active
Size
6,516 SF
Lot size
1.95 Acres
Property subtype
Residential Income
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Andrew Gaydosh · License #2001008598
(937) 305-9570
Source:
Exprealty
Added: Aug 14
Changed: Oct 5
Last Checked: Oct 20 at 11:20PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This mixed-use property in Middletown, Ohio, spans 1.948 acres and includes approximately 1,080 square feet of retail space, three residential apartments, a detached garage, and a pole barn used for storage. The combination of commercial and residential components creates a varied physical configuration within one property.
Located at 6399 Germantown Rd, the property fronts a high-traffic roadway, supporting visibility for the retail component. The property is fully occupied, with established tenants across its commercial and residential spaces. The detached garage and storage pole barn add additional utility to the site.
Located at 6399 Germantown Rd, the property fronts a high-traffic roadway, supporting visibility for the retail component. The property is fully occupied, with established tenants across its commercial and residential spaces. The detached garage and storage pole barn add additional utility to the site.
Key Highlights
- 1.948‑acre mixed‑use property in Middletown, OH
- Approximately 1,080 square feet of retail space
- Three residential apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,665
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,300
$553.3K
Cap Rate 7%
$395,214
$395.2K
Cap Rate 9%
$307,389
$307.4K
Market Conditions
NOI Build-Up for 6,516 SF
Gross rent
$42.2K $6.48/SF
− Vacancy
−$2.7K −$0.41/SF
EGI
$39.5K $6.07/SF
− OpEx
−$11.9K −$1.82/SF
NOI
$27.7K $4.25/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,300
Cap Rate 7%
$395,214
Cap Rate 9%
$307,389
Alternative Uses
Best Use
Multifamily LT 5
$907.8K
$794.3K – $1.06M
NOI $63,547 @ 7.0% cap · market cap 18.70%
Second Best
Apartment 5plus
$835.4K
$731.0K – $974.6K
NOI $58,477 @ 7.0% cap · market cap 17.20%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,184 @ 7.0% cap · market cap 26.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property combines commercial space, residential apartments, and accessory structures along a high-traffic roadway.
Where is this mixed-use property located?
The property is located at 6399 Germantown Rd Middletown, OH.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1.948‑acre mixed‑use property in Middletown, OH; Approximately 1,080 square feet of retail space; Three residential apartments
