Two-Story Office
900 E Main St Ashland, OH 44805
For Sale
$179,900
Two separate office buildings on a corner lot with private parking and separate utilities.
Property Size884 SF
Price / SF$203.51
Days on Market89
Property Features for 900 E Main St
General Information
- Standard status
- Active
- Size
- 884 SF
Listing Agency:
Coldwell Banker Ward Real Estate
(419) 651-9701
Listed By:
Rob Ward
(419) 651-9701
Source:
Exprealty
Added: Apr 26
Changed: Jul 23
Last Checked: Jul 23 at 5:55PM
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 Ward Real Estate
Investment Insights
Based on property information with market context.
This offering includes two commercial buildings with private parking on a corner lot. The first building features maintenance-free exterior with vinyl siding and windows and approximately 1,200 square feet split between a first-floor layout and a second-floor office area. Inside, it offers a lobby, receptionist/work room, five offices, a kitchenette, and a half bath.
The second building is approximately 600 square feet and includes a lobby and a large open space that can support office or retail use. All utilities are separate between the two buildings, providing independent operations for each space.
The property is located on highly traveled E. Main St in Ashland, Ohio, and includes private parking for 10 spaces for tenant and guest use.
The second building is approximately 600 square feet and includes a lobby and a large open space that can support office or retail use. All utilities are separate between the two buildings, providing independent operations for each space.
The property is located on highly traveled E. Main St in Ashland, Ohio, and includes private parking for 10 spaces for tenant and guest use.
Key Highlights
- Two separate commercial office buildings on a corner lot on E. Main St, Ashland, OH
- Private parking for 10 spaces on‑site
- Building 1: approx 1,200 SF (864 1st floor + 335 2nd floor) with lobby, receptionist/work room, 5 offices, kitchenette, and 1/2 bath
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.1k | $15.96 |
| − Vacancy | −$2.8k | −$3.19 |
| EGI | $11.3k | $12.77 |
| − OpEx | −$2.8k | −$3.19 |
| NOI | $8.5k | $9.58 |
884 SF · lease $15.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$120.9K
$105.8K – $141.1K
NOI $8,465 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$166.8K
$146.0K – $194.6K
NOI $11,677 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Two separate office buildings on a corner lot with private parking and separate utilities.
Where is this office units located?
The property is located at 900 E Main St Ashland, OH.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two separate commercial office buildings on a corner lot on E. Main St, Ashland, OH; Private parking for 10 spaces on‑site; Building 1: approx 1,200 SF (864 1st floor + 335 2nd floor) with lobby, receptionist/work room, 5 offices, kitchenette, and 1/2 bath
