Antique Storefront
For Sale
$114,900
7921 State Route 7, Williamsfield, OH 44093
CommercialSale, Williamsfield, OH
Property Size2,382 SF
Lot Size0.50 Acres
Price / SF$48.24
Days on Market156
Property Features for 7921 State Route 7
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Elementary school district
Pymatuning Valley LS - 407
Middle school district
Pymatuning Valley LS - 407
High school district
Pymatuning Valley LS - 407
Directions
Just north of Rt 322 on West side of road
Standard status
Active
APN
600130004700
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 13
Tax Annual Amount
545
Legal Description
SEC 13
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Water source
Well
Building Details
Year built
1865
Listing Agency:
RealtyNet, Inc.
(440) 293-5500
Listed By:
Edwina E Payne · License #267454
(440) 223-0205
Added: Mar 25
Changed: Aug 19
Last Checked: Aug 27 at 9:06AM
MLS# 5207115
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 7921 State Route 7 in Williamsfield, Ohio, this 2,382-square-foot storefront property occupies 0.5 acres. Built in 1865, the building is presently used as an antique store, with the antiques available for purchase with the real estate or separately.
The property is minutes from Pymatuning Lake and is served by natural gas heating, a private well, and a septic tank. Its existing retail configuration provides a commercial setting for continued antique sales or another storefront use supported by the property’s physical layout.
The property is minutes from Pymatuning Lake and is served by natural gas heating, a private well, and a septic tank. Its existing retail configuration provides a commercial setting for continued antique sales or another storefront use supported by the property’s physical layout.
Key Highlights
- 2,382 SF commercial storefront building
- 0.5‑acre parcel in Williamsfield, OH
- Constructed in 1865
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
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
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Existing antique retail operation in a freestanding commercial building with natural gas heat and on-site well and septic systems.
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 SF commercial storefront building; 0.5‑acre parcel in Williamsfield, OH; Constructed in 1865
