Listing Agency: DarbyView Realty Show Phone

Listed By: Jaron Dean Brust Show Phone

Source: Maryhatem

Added: Jul 20 Changed: Oct 4 Last Checked: Oct 16 at 8:53AM

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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 DarbyView Realty

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Investment Insights

Based on property information with market context.

This approximately 2,535-square-foot storefront property features a fully updated interior arranged for flexible commercial use. The space includes a reception and lobby area, a conference room with furnishings, and existing kitchenette appliances. On-site parking is included.

Located in downtown West Jefferson, the property offers convenient access near Main Street. Its storefront configuration and existing office-oriented improvements support retail, professional office, service-based, and other commercial uses identified for the space.

Key Highlights

• Approximately 2,535 SF of storefront and commercial space
• Fully updated interior
• On‑site parking included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,061

Suggested Prices Based on Cap Rates

Cap Rate 5%

$201,220 $201.2K

Cap Rate 7%

$143,729 $143.7K

Cap Rate 9%

$111,789 $111.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,535 SF

Gross rent

$14.9K $5.88/SF

− Vacancy

−$534 −$0.21/SF

EGI

$14.4K $5.67/SF

− OpEx

−$4.3K −$1.70/SF

NOI

$10.1K $3.97/SF

Area

Madison County, OH

Vacancy

3.58%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$201,220

Cap Rate 7%

$143,729

Cap Rate 9%

$111,789

Alternative Uses

Best Use

Office B

$445.9K

$390.1K – $520.2K (±1% cap)

NOI $31,211 @ 7.0% cap · market cap 975.34%

Second Best

Retail

$143.7K

$125.8K – $167.7K (±1% cap)

NOI $10,061 @ 7.0% cap · market cap 314.41%

Theoretical Best

Warehouse

$510.9K

$447.1K – $596.1K (±1% cap)

NOI $35,765 @ 7.0% cap · market cap 1,117.66%

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

Property Analytics

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Current Use

Laura N. Jasinsky Law Firm Worldwide Missionary Movement Church Jasinsky Law Firm Law Firm

Suggested Use

Top Pick Hair Salon Nail Salon Law Firm Electrical Service Building Supply 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

240

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43162, OH

6,945

Population

2,736

Households

2.5

Avg Household Size

44

Median Age

21%

College-Educated

91%

High-School Grad

47.0 sq mi

ZIP Area

148

Density / Sq Mi

$72,610

Median Household Income

$42,010

Median Earnings

$973

Median Rent

$196,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Fully updated interior with on-site parking, reception area, conference furnishings, and kitchenette appliances.

Where is this storefront property located?

The property is located at 84 E Main Street West Jefferson, OH.

What are key features of this property?

This property features: Approximately 2,535 SF of storefront and commercial space; Fully updated interior; On‑site parking included