Mixed-Use Property in Downtown
For Sale
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804 W 5th Street, Marysville, OH 43040
Mixed-use property with residential and income-producing office space.
Property Size1,580 SF
Price / SF$192.34
Days on Market168
Property Features for 804 W 5th Street
General Information
Standard status
Active
Size
1,580 SF
Property subtype
Multifamily, Mixed Use
Net Operating Income
$1,500
Building Details
Year Built
1920
Units
3
Listing Agency:
Coldwell Banker Realty
Listed By:
Katrina Fontenot · License #2010002232
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 6:39AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mixed-use property is located in downtown Marysville. It offers a residence and income-producing office space on the first floor, or two income residential units. The property features an updated electrical system and newer windows. The foundation is reinforced with steel beams. A main water and sewer line has been installed. The second floor and back-of-office area provide flexible space suitable for short or long term rentals. A two-story barn/garage provides storage and potential for additional business ventures or use as an event space. There is ample parking space. The property is located steps from downtown shops and dining, and minutes from Honda facilities, with major highway access.
Key Highlights
- Mixed‑use property offering a residence and income‑producing office space, or convert to two residential units.
- Prime location: Steps from downtown shops and dining, and minutes from Honda and major highway access.
- Updated infrastructure includes a new electrical system, windows, main water/sewer line, and reinforced foundation.
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
$19,453
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
6.40%
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%
$389,060
$389.1K
Cap Rate 7%
$277,900
$277.9K
Cap Rate 9%
$216,144
$216.1K
Market Conditions
NOI Build-Up for 1,580 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
$34.1K $21.60/SF
− Vacancy
−$8.2K −$5.18/SF
EGI
$25.9K $16.42/SF
− OpEx
−$6.5K −$4.10/SF
NOI
$19.5K $12.31/SF
Area
Union County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$389,060
Cap Rate 7%
$277,900
Cap Rate 9%
$216,144
Alternative Uses
Best Use
Office B
$277.9K
$243.2K – $324.2K
NOI $19,453 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$233.2K
$204.1K – $272.1K
NOI $16,327 @ 7.0% cap · market cap 5.37%
Theoretical Best
Warehouse
$318.5K
$278.7K – $371.5K
NOI $22,292 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 43040, OH
35,853
Population
14,238
Households
2.5
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
166.3 sq mi
ZIP Area
216
Density / Sq Mi
$96,320
Median Household Income
$51,951
Median Earnings
$1,180
Median Rent
$275,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and income-producing office space.
Where is this mixed-use property located?
The property is located at 804 W 5th Street Marysville, OH.
What is the asking price?
The asking price for this property is $303,900.
What are key features of this property?
This property features: Mixed‑use property offering a residence and income‑producing office space, or convert to two residential units.; Prime location: **Steps from downtown shops and dining**, and minutes from Honda and major highway access.; Updated infrastructure includes a new electrical system, windows, main water/sewer line, and reinforced foundation.
