Building Details

Year built 1850

Flooring type Vinyl, Carpet

Building materials Aluminum Siding

Roof type Shingle

Listing Agency: RE/MAX Incompass a***@soldonohio.com Show Phone

Listed By: Todd Helton Show Phone

Added: Jul 16 Changed: Oct 14 Last Checked: Oct 16 at 12:06AM

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MLS# 1887057

Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This storefront property includes 4,230 square feet of retail-oriented space on a 0.2397-acre parcel. The current country gift store configuration is supported by vinyl and carpet flooring, aluminum siding, glass block windows, and a shingle roof. Recent property work includes a new roof, box gutters, downspouts, and electrical upgrades.

Located at 800 Walnut Street in Millville, Ohio, the property is identified in Butler County. Heating is provided by a natural gas forced-air system. The building dates to 1850, offering an established commercial structure for continued retail use.

Key Highlights

• 4,230‑square‑foot storefront property on a 0.2397‑acre lot
• Current country gift store operation
• New roof, box gutters, and downspouts

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,959

Cap Rate

5.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$359,180 $359.2K

Cap Rate 7%

$256,557 $256.6K

Cap Rate 9%

$199,544 $199.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,230 SF

Gross rent

$27.4K $6.48/SF

− Vacancy

−$1.8K −$0.41/SF

EGI

$25.7K $6.07/SF

− OpEx

−$7.7K −$1.82/SF

NOI

$18.0K $4.25/SF

Area

Butler County, OH

Vacancy

6.40%

Lease Rate

$6.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$359,180

Cap Rate 7%

$256,557

Cap Rate 9%

$199,544

Alternative Uses

Best Use

Retail

$256.6K

$224.5K – $299.3K (±1% cap)

NOI $17,959 @ 7.0% cap · market cap 5.99%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$836.4K

$731.8K – $975.8K (±1% cap)

NOI $58,545 @ 7.0% cap · market cap 19.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Dental Office Building Supply Hair Salon Restaurant Spa & Massage Center

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

64

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 45013, OH

53,911

Population

21,734

Households

2.5

Avg Household Size

41

Median Age

23%

College-Educated

92%

High-School Grad

117.7 sq mi

ZIP Area

458

Density / Sq Mi

$72,932

Median Household Income

$40,730

Median Earnings

$967

Median Rent

$217,200

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

Frequently Asked Questions

What type of property is this?

Storefront property - Established storefront with retail improvements, natural gas heating, and a shingle roof in Millville.

Where is this storefront property located?

The property is located at 800 Walnut Street Millville, OH.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 4,230‑square‑foot storefront property on a 0.2397‑acre lot; Current country gift store operation; New roof, box gutters, and downspouts