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    Mixed-Use Property Near Downtown Lisbon Title is generated by Realmo AI

    7389 State Route 45, Lisbon, OH 44432

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    Versatile property suitable for retail, commercial, or live/work use.

    Type:Special Purpose
    Added:
    May 13, 2026
    Days on Market:
    16
    Last Refresh:
    May 14 at 9:40 pm

    Property Features for 7389 State Route 45

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1940

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    Listing Contact
    Joseph Vitko

    Listing agent Joseph Vitko License #OH 2022001263

    Listing office CENTURY 21 Lakeside Realty

    Listing date May 13, 2026

    Source Crexi

    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 CENTURY 21 Lakeside Realty

    HighLights

    • Massive 40’ x 100’ garage/shop with front and rear garage doors for pull‑through access.
    • Versatile mixed‑use property suitable for retail, commercial, storage, workshop, or live/work.
    • Spacious loft‑style apartment for owner occupancy, rental income, office, or employee housing.
    • Equipped with three‑phase electric, ideal for heavy equipment and industrial/commercial applications.
    • Highly visible location on State Route 45, approximately one mile from downtown Lisbon.
    • Front retail space with half bath and storefront entrance; breezeway with half bath and laundry hookups.

    Overview

    This mixed-use property is located minutes north of downtown Lisbon. The building offers potential for retail, commercial, storage, workshop, or live/work use. The front retail space includes a half bath and storefront-style entrance. A connecting breezeway provides an additional half bath and laundry hookups. The property features a large approximately 40’ x 100’ garage/shop area with garage doors on both the front and rear of the building, allowing pull-through access for equipment, vehicles, boats, trailers, or machinery. Equipped with three-phase electric, this property is suited for heavy equipment, fabrication, woodworking, automotive, or other industrial/commercial applications. Upstairs, there is a spacious loft-style apartment offering flexibility for owner occupancy, rental income, office space, or employee housing. Situated on a visible State Route 45 location approximately one mile from downtown Lisbon, this property combines commercial functionality with space and opportunity.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Law Firm Dental Office Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lisbon
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.77945
    Latitude
    40.793213

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile property suitable for retail, commercial, or live/work use.
    Where is this mixed-use property located?
    The property is located at 7389 State Route 45 Lisbon, OH.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Massive 40’ x 100’ garage/shop with front and rear garage doors for pull‑through access.; Versatile mixed‑use property suitable for retail, commercial, storage, workshop, or live/work.; Spacious loft‑style apartment for owner occupancy, rental income, office, or employee housing.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph Vitko
    Real Estate License ID: OH 2022001263
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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