Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    864 Main St Steubenville, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property available for sale in Steubenville, Ohio.

    Type:RETAIL
    Property size:
    61,623 SF
    Lot size:
    10.56 Acres
    Price / SF:
    $186/SF
    Added:
    Dec 3, 2024
    Days on Market:
    507
    Last Refresh:
    Apr 5 at 9:41 pm

    Property Features for 864 Main St

    General Information

    Standard status
    Active
    Size
    61,623 SF
    Lot size
    10.56 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Ryan Rodger

    Listing agent Ryan Rodger

    Listing office United Properties Corp.

    Listing date Dec 3, 2024

    Source Moodyscre

    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 United Properties Corp.

    Overview

    Retail Property in Steubenville, OH

    This retail property, located at 864 Main St in Steubenville, OH, offers 61623 square feet of space. The property is classified as retail and other retail properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Verizon Telecommunications Service Trinity Pediatric Care ... Pediatrician George Vanweelden, DO Pediatrician George Jacob Weelden Physician Verizon Business Services Telecommunications Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Steubenville
    County
    Jefferson
    State
    Ohio
    Longitude
    -80.7037
    Latitude
    40.375

    Nearby Similar for Sale

    • $315,000

      Versatile Commercial Property in Steubenville

      46,000 SF commercial property ideal for distribution or manufacturing.
      312 N 7th Street, Steubenville, OH 43952
      View Details
    • $39,900
      2,577 SF

      Steubenville Duplex Investment Opportunity

      Duplex in downtown Steubenville, great investment or owner-occupancy opportunity.
      321-323 Slack Street, Steubenville, OH 43952
      View Details
    • $125,000
      1,665 SF

      Remodeled Duplex Near Franciscan University

      Updated duplex with income potential, near university and amenities.
      1516 Pennsylvania Avenue, Steubenville, OH 43952
      View Details
    • $194,900

      Steubenville Multifamily Investment Opportunity

      Three-unit property with strong income potential in Steubenville, OH.
      1317 Plum Street, Steubenville, OH 43952
      View Details
    • $185,000
      1,990 SF

      Updated Duplex Near University

      Turnkey duplex with strong rental potential near university.
      506 Woodlawn Road, Steubenville, OH 43952
      View Details
    • $239,900

      Mixed-Use Building in Prime Location

      Mixed-use building with apartments and storefronts, value-add potential.
      205 S 4th Street, Steubenville, OH 43952
      View Details
    • $106,000

      Remodeled Duplex on Corner Lot

      Remodeled Steubenville duplex, ideal for investors or owner-occupiers.
      600 Garrett Avenue, Steubenville, OH 43952
      View Details
    • $239,900

      Mixed-Use Building with Income Potential

      Mixed-use building with apartments and storefronts, income potential.
      205 S 4th St, Steubenville, OH 43952
      View Details
    • $6,228,671
      9,428 SF

      Steubenville Medical Property for Sale

      NNN investment opportunity in a strategically located medical hub.
      2323 Sunset Blvd, Steubenville, OH
      View Details
    • $67,000

      Steubenville Duplex: Investor Opportunity

      Duplex in Steubenville, being sold as is.
      1105 State Street, Steubenville, OH 43952
      View Details
    • $875,000

      Sunset Boulevard Development Opportunity

      Prime location on Sunset Blvd ready for redevelopment.
      4150 Sunset Boulevard, Steubenville, OH 43952
      View Details
    • Contact for pricing
      117,808 SF

      Downtown Steubenville Commercial Space Available

      Centrally located commercial space with recent renovations and included utilities.
      500 Market St, Steubenville, OH 43952
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for sale in Steubenville, Ohio.
    Where is this retail property located?
    The property is located at 864 Main St Steubenville, OH.
    What is the asking price?
    The asking price for this property is $11,500,000.
    What are key features of this property?
    This property features: Retail property; Available for sale; Located in Steubenville, Ohio
    (516) 223-6200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Rodger
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!