Spacious Office Building For
895 Harcourt Road Mount Vernon, OH 43050
For Sale
Contact for pricing
7,104 SF office building on 2.621 commercial acres.
Property Size7,104 SF
Lot Size2.62 Acres
Price / SF$126.69
Days on Market816
Property Features for 895 Harcourt Road
General Information
- Standard status
- Active
- Size
- 7,104 SF
- Lot size
- 2.62 Acres
- Property subtype
- Special Purpose
Listing Agency:
Re/Max Stars
Listed By:
Bob Phillips · License #346927
Source:
Crexi
Added: Apr 30, 2024
Changed: Jul 6
Last Checked: Jul 23 at 11:54AM
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 Re/Max Stars
Investment Insights
Based on property information with market context.
This stately office building offers over 7,000 square feet of space and is situated on 2.621 total commercial acres. The property includes a blacktop parking lot with ample parking.
Key Highlights
- Over 7000 square feet of office space in a stately office building
- 2.621 total commercial acres
- Ample blacktop parking
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 | $145.8k | $20.52 |
| − Vacancy | −$37.2k | −$5.23 |
| EGI | $108.6k | $15.29 |
| − OpEx | −$27.2k | −$3.82 |
| NOI | $81.5k | $11.47 |
7,104 SF · lease $20.52/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,451 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,706 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - 7,104 SF office building on 2.621 commercial acres.
Where is this office building located?
The property is located at 895 Harcourt Road Mount Vernon, OH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Over 7000 square feet of office space in a stately office building; 2.621 total commercial acres; Ample blacktop parking
