Building Details

Year Built 1865

Listing Agency: RealtyNet, Inc. q***@yahoo.com Show Phone

Listed By: Edwina E Payne · License #267454

Source: Theacclaimedrealty

Added: Jul 25 Changed: Aug 30 Last Checked: Aug 30 at 3:54AM

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Investment Insights

Based on property information with market context.

This storefront property at 7921 State Route 7 includes a 2,382-square-foot building constructed in 1865. The property is presently operated as an antique store, and the antiques may be included in the transaction or excluded, providing flexibility for the next owner.

The building is located in Williamsfield, Ohio, near Pymatuning Lake. Its established storefront configuration and current retail use provide a clear starting point for continued operation or a new commercial concept supported by the existing building.

Key Highlights

• 2,382‑square‑foot storefront building
• Constructed in 1865
• Currently operated as an antique store

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

$9,412

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

8.19%

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%

$188,240 $188.2K

Cap Rate 7%

$134,457 $134.5K

Cap Rate 9%

$104,578 $104.6K

Market Conditions

NOI Build-Up for 2,382 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

$14.0K $5.88/SF

− Vacancy

−$560 −$0.24/SF

EGI

$13.4K $5.64/SF

− OpEx

−$4.0K −$1.69/SF

NOI

$9.4K $3.95/SF

Area

Wood County, OH

Vacancy

4.00%

Lease Rate

$5.88 /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%

$188,240

Cap Rate 7%

$134,457

Cap Rate 9%

$104,578

Alternative Uses

Best Use

Retail

$134.5K

$117.7K – $156.9K (±1% cap)

NOI $9,412 @ 7.0% cap · market cap 8.19%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$554.8K

$485.5K – $647.3K (±1% cap)

NOI $38,838 @ 7.0% cap · market cap 33.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop (Bike/Boat/Book/etc) Store Discount Store Arcade & Gaming Center Department Store

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

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

4k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,244 visits/mo 0.1 miles

Demographics for 44093, OH

1,454

Population

783

Households

1.9

Avg Household Size

42

Median Age

15%

College-Educated

91%

High-School Grad

35.4 sq mi

ZIP Area

41

Density / Sq Mi

$76,607

Median Household Income

$52,083

Median Earnings

$581

Median Rent

$199,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Storefront property - Existing antique-store operation with the option to purchase the displayed antiques separately or with the building.

Where is this storefront property located?

The property is located at 7921 State Route 7 Williamsfield, OH.

What is the asking price?

The asking price for this property is $114,900.

What are key features of this property?

This property features: 2,382‑square‑foot storefront building; Constructed in 1865; Currently operated as an antique store