Unfinished Storefront Commercial
For Sale
$375,000
804 E Main St, Barnesville, OH 43713
Unfinished commercial space with a new parking lot and HVAC system.
Property Size4,045 SF
Price / SF$92.71
Days on Market41
Property Features for 804 E Main St
General Information
Standard status
Active
Size
4,045 SF
Building Details
Year Built
1968
Listing Agency:
Harvey Goodman, REALTOR
(740) 827-5731
Listed By:
Alicia Lucas
Source:
Theacclaimedrealty
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 5:36AM
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 Harvey Goodman, REALTOR
Investment Insights
Based on property information with market context.
This storefront property at 804 E Main Street offers approximately 4,000 square feet of unfinished commercial space within a building constructed in 1968. The open condition provides a flexible interior for a future buildout tailored to the intended business use.
Recent property updates include a new parking lot and a new HVAC system. The building is located in Barnesville, Ohio, along East Main Street, providing an established commercial setting for a customized storefront operation.
Recent property updates include a new parking lot and a new HVAC system. The building is located in Barnesville, Ohio, along East Main Street, providing an established commercial setting for a customized storefront operation.
Key Highlights
- Approximately 4,000 sq. ft. of unfinished storefront space
- New parking lot
- New HVAC system
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
$30,009
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
8.00%
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%
$600,180
$600.2K
Cap Rate 7%
$428,700
$428.7K
Cap Rate 9%
$333,433
$333.4K
Market Conditions
NOI Build-Up for 4,045 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
$44.7K $11.04/SF
− Vacancy
−$1.8K −$0.44/SF
EGI
$42.9K $10.60/SF
− OpEx
−$12.9K −$3.18/SF
NOI
$30.0K $7.42/SF
Area
Belmont County, OH
Vacancy
4.00%
Lease Rate
$11.04 /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%
$600,180
Cap Rate 7%
$428,700
Cap Rate 9%
$333,433
Alternative Uses
Best Use
Retail
$428.7K
$375.1K – $500.2K
NOI $30,009 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$793.0K
$693.8K – $925.1K
NOI $55,507 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43713, OH
7,227
Population
3,015
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
90%
High-School Grad
90.9 sq mi
ZIP Area
80
Density / Sq Mi
$61,206
Median Household Income
$33,662
Median Earnings
$542
Median Rent
$171,300
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.
Similar Off Market Nearby
- The Flower Gardens — 242 S Gardner St, Barnesville, OH 43713
- Blossoms — 165 E Main St, Barnesville, OH 43713
Frequently Asked Questions
What type of property is this?
Storefront property - Unfinished commercial space with a new parking lot and HVAC system.
Where is this storefront property located?
The property is located at 804 E Main St Barnesville, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 4,000 sq. ft. of unfinished storefront space; New parking lot; New HVAC system
