Remodeled Mixed-Use Event
For Sale
$269,900
7041 State Route 800 SE, Uhrichsville, OH 44683
Includes a remodeled event center and one-bedroom ranch home on an approximately two-acre setting.
Property Size3,378 SF
Price / SF$79.90
Days on Market627
Property Features for 7041 State Route 800 SE
General Information
Standard status
Active
Size
3,378 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,730
Amenities
Central Air, Gas
3
Asphalt, Shingle, Fiberglass
Parking.
Paved Driveway, Oversized Parking, Asphalt, Lot.
Building Details
Year Built
2006
Listing Agency:
Keller Williams Legacy Group Realty
(330) 340-3374
Listed By:
Traci Pangrazio · License #2005009790
(330) 340-3374
Source:
Xome
Added: Dec 11, 2024
Changed: Aug 29
Last Checked: Aug 29 at 4:44PM
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 Keller Williams Legacy Group Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines a remodeled 2,400-square-foot event center with a one-bedroom ranch home on approximately 2 acres. The event facility features modern updates and is supported by central air and gas service. The separate residence adds a distinct component to the property’s overall configuration.
Site improvements include an asphalt-paved driveway and an oversized paved parking area. Built in 2006, the property is located at 7041 State Route 800 SE in Uhrichsville, Ohio. A professionally designed website is included with the property, providing an established digital component for the event-center operation.
Site improvements include an asphalt-paved driveway and an oversized paved parking area. Built in 2006, the property is located at 7041 State Route 800 SE in Uhrichsville, Ohio. A professionally designed website is included with the property, providing an established digital component for the event-center operation.
Key Highlights
- Remodeled 2,400‑square‑foot event center
- Approximately 2‑acre property with a 1‑bedroom ranch home
- Oversized asphalt parking area with paved driveway
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
$24,747
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
9.17%
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%
$494,940
$494.9K
Cap Rate 7%
$353,529
$353.5K
Cap Rate 9%
$274,967
$275.0K
Market Conditions
NOI Build-Up for 3,378 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
$48.6K $14.40/SF
− Vacancy
−$3.6K −$1.08/SF
EGI
$45.0K $13.32/SF
− OpEx
−$20.2K −$5.99/SF
NOI
$24.7K $7.33/SF
Area
Tuscarawas County, OH
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
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%
$494,940
Cap Rate 7%
$353,529
Cap Rate 9%
$274,967
Alternative Uses
Best Use
Mixed Use
$499.5K
$437.0K – $582.7K
NOI $34,962 @ 7.0% cap · market cap 12.95%
Second Best
Apartment 5plus
$353.5K
$309.3K – $412.5K
NOI $24,747 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 44683, OH
8,313
Population
3,566
Households
2.3
Avg Household Size
40
Median Age
12%
College-Educated
84%
High-School Grad
67.0 sq mi
ZIP Area
124
Density / Sq Mi
$55,179
Median Household Income
$37,703
Median Earnings
$828
Median Rent
$114,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a remodeled event center and one-bedroom ranch home on an approximately two-acre setting.
Where is this mixed-use property located?
The property is located at 7041 State Route 800 SE Uhrichsville, OH.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Remodeled 2,400‑square‑foot event center; Approximately 2‑acre property with a 1‑bedroom ranch home; Oversized asphalt parking area with paved driveway
