Building Details

Buildings 1

Listing Agency: Keller Williams Chervenic Rlty c***@gmail.com Show Phone

Listed By: Anthony Catauro · License #2018001030 Show Phone

Source: Exprealty

Added: Aug 11 Changed: Aug 20 Last Checked: Aug 21 at 11:08AM

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Investment Insights

Based on property information with market context.

This duplex contains 2,424 square feet across two separate living units. One unit is rented, while the second is vacant and includes a recently updated bathroom and shower along with first-floor laundry. The property also has a newer furnace and a roof replaced in 2020.

The land component totals 6.36 acres, providing substantial outdoor space associated with the residence. A large four-car garage adds dedicated room for vehicles, equipment, storage, hobbies, or recreational items. Located at 7846 Thompson Sharpsville Rd NE in Burghill, Ohio, the property combines a two-unit configuration with extensive acreage and significant accessory storage.

Key Highlights

• 2,424‑square‑foot duplex with two separate living units
• 6.36 acres of usable land
• One unit rented; second unit vacant

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

$19,990

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

6.90%

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%

$399,800 $399.8K

Cap Rate 7%

$285,571 $285.6K

Cap Rate 9%

$222,111 $222.1K

Market Conditions

NOI Build-Up for 2,424 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

$30.5K $12.60/SF

− Vacancy

−$2.0K −$0.82/SF

EGI

$28.6K $11.78/SF

− OpEx

−$8.6K −$3.53/SF

NOI

$20.0K $8.25/SF

Area

Trumbull County, OH

Vacancy

6.50%

Lease Rate

$12.60 /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%

$399,800

Cap Rate 7%

$285,571

Cap Rate 9%

$222,111

Alternative Uses

Best Use

Multifamily LT 5

$285.6K

$249.9K – $333.2K (±1% cap)

NOI $19,990 @ 7.0% cap · market cap 6.90%

Second Best

Apartment 5plus

$264.8K

$231.7K – $309.0K (±1% cap)

NOI $18,537 @ 7.0% cap · market cap 6.39%

Theoretical Best

Office A

$460.1K

$402.6K – $536.8K (±1% cap)

NOI $32,206 @ 7.0% cap · market cap 11.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Catering Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 44404, OH

1,300

Population

627

Households

2.1

Avg Household Size

49

Median Age

17%

College-Educated

83%

High-School Grad

15.6 sq mi

ZIP Area

83

Density / Sq Mi

$47,058

Median Household Income

$36,071

Median Earnings

$900

Median Rent

$162,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate living units sit on expansive acreage, with one occupied and the other available for an owner or tenant.

Where is this duplex located?

The property is located at 7846 Thompson Sharpsville Rd Ne Burghill, OH.

What is the asking price?

The asking price for this property is $289,900.

What are key features of this property?

This property features: 2,424‑square‑foot duplex with two separate living units; 6.36 acres of usable land; One unit rented; second unit vacant