Versatile Office Building in
For Sale
$399,900
830 E Main St, Lancaster, OH 43130
Adaptable office building in high-traffic location, suitable for various uses.
Property Size1,904 SF
Price / SF$210.03
Days on Market194
Property Features for 830 E Main St
General Information
Standard status
Active
Size
1,904 SF
Building Details
Year Built
1977
Listing Agency:
Century 21 Darfus Realty
Listed By:
Cory M Neville
(740) 438-6196
Source:
Thelorilynngroup
Added: Mar 27
Changed: Sep 12
Last Checked: Oct 6 at 12:48AM
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 Century 21 Darfus Realty
Investment Insights
Based on property information with market context.
Located at 830 E Main Street in Lancaster, this single-story brick office building offers versatility in a high-visibility, high-traffic area. Currently configured as a medical office, the property's layout can accommodate various professional uses, including medical, legal, financial, or general office operations. Constructed without load-bearing interior walls, the 1904-square-foot building allows for reconfiguration. The current layout features a reception area and waiting room, three exam rooms with plumbing, multiple private offices, a records room, two restrooms, and a break room. The building is ADA compliant and includes dual HVAC systems for climate control. Additional features include 200-amp electrical service and a gas hot water heater. A partial basement, accessible via an exterior stairway, provides storage space. The property benefits from strong daily traffic and visibility. A concrete parking lot offers approximately 10 spaces with access from two alleyways and is well-lit. Originally built in 1977 and remodeled in 2013, this property is suitable for owner-occupants or investors seeking office space in Lancaster.
Key Highlights
- High‑visibility location on a high‑traffic corridor in Lancaster.
- Versatile, single‑story brick building suitable for medical, legal, financial, or general office use.
- Easily reconfigurable layout due to the absence of load‑bearing interior walls.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,974
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,480
$459.5K
Cap Rate 7%
$328,200
$328.2K
Cap Rate 9%
$255,267
$255.3K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$40.9K $21.48/SF
− Vacancy
−$10.3K −$5.39/SF
EGI
$30.6K $16.09/SF
− OpEx
−$7.7K −$4.02/SF
NOI
$23.0K $12.07/SF
Area
Fairfield County, OH
Vacancy
25.10%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,480
Cap Rate 7%
$328,200
Cap Rate 9%
$255,267
Alternative Uses
Best Use
Office B
$328.2K
$287.2K – $382.9K
NOI $22,974 @ 7.0% cap · market cap 5.74%
Second Best
Healthcare Medical
$322.2K
$281.9K – $375.9K
NOI $22,554 @ 7.0% cap · market cap 5.64%
Theoretical Best
Warehouse
$383.8K
$335.8K – $447.7K
NOI $26,863 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43130, OH
62,010
Population
26,434
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
164.5 sq mi
ZIP Area
377
Density / Sq Mi
$68,242
Median Household Income
$43,936
Median Earnings
$1,031
Median Rent
$215,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable office building in high-traffic location, suitable for various uses.
Where is this medical office space located?
The property is located at 830 E Main St Lancaster, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: High‑visibility location on a high‑traffic corridor in Lancaster.; Versatile, single‑story brick building suitable for medical, legal, financial, or general office use.; Easily reconfigurable layout due to the absence of load‑bearing interior walls.
