Historic Stage Coach Inn
9401 Tallmadge Rd Diamond, OH 44412
9401 Tallmadge Rd, Diamond, OH, 44412
$119,900
For Sale
$119,900
Old historic inn building with three floors plus basement, requiring renovation and offering multiple interior spaces.
Property Size4,200 SF
Price / SF$28.55
Days on Market294
Property Features for 9401 Tallmadge Rd
General Information
- Standard status
- Active
- Size
- 4,200 SF
Listing agency
Jack Kohl Realty
(330) 296-9997
Listed by
Ronald L Lewis Jr
(330) 296-9997
Source
Exprealty
Added: Oct 1, 2025 Updated: Jul 21 at 12:32AM Checked: Jul 21 at 12:32AM
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 Jack Kohl Realty
Investment Insights
Based on property information with market context.
Historic Stage Coach Inn building in Palmyra Township featuring three floors of above-grade space with an additional basement. The basement has a dirt floor and a large fireplace box that was used to heat the building. The property is secured and upright following prior repairs, but it is in need of renovation and would be best suited for a buyer planning a full rehab.
The first floor includes three entry ways. One side entry opens to a large room with a fireplace, the middle entry leads to a foyer with steps to the second floor, and another door leads to what was the former salon area. The first floor also includes an old kitchen toward the back.
On the second floor, there are 4–5 rooms that could be set up as overnight-rental rooms, along with a bathroom and another room described as a kitchen area. The third floor includes a large gathering/meeting room added to the back around 1888, and there was a separate exterior entrance to the third floor.
The first floor includes three entry ways. One side entry opens to a large room with a fireplace, the middle entry leads to a foyer with steps to the second floor, and another door leads to what was the former salon area. The first floor also includes an old kitchen toward the back.
On the second floor, there are 4–5 rooms that could be set up as overnight-rental rooms, along with a bathroom and another room described as a kitchen area. The third floor includes a large gathering/meeting room added to the back around 1888, and there was a separate exterior entrance to the third floor.
Key Highlights
- Historic Stage Coach Inn in Palmyra Township with 3 floors plus basement
- Approximately 4,200 sq ft above‑grade space, with basement featuring a dirt floor and a large fireplace box
- Built date reported as 1812 on the auditor’s website; historical plaque lists 1832
Local Financial Insights For Hotel Hospitality
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 | $41.8k | $9.96 |
| − Vacancy | −$18.8k | −$4.48 |
| EGI | $23.0k | $5.48 |
| − OpEx | −$12.1k | −$2.88 |
| NOI | $10.9k | $2.60 |
4,200 SF · lease $9.96/SF/yr · vacancy 45.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$156.1K
$136.6K – $182.2K
NOI $10,929 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$846.0K
$740.2K – $987.0K
NOI $59,219 @ 7.0% cap · market cap 49.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Palmyra Center Hotel
Tour Operator
FAQs
What type of property is this?
Bed & breakfast - Old historic inn building with three floors plus basement, requiring renovation and offering multiple interior spaces.
Where is this bed & breakfast located?
The property is located at 9401 Tallmadge Rd Diamond, OH.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Historic Stage Coach Inn in Palmyra Township with 3 floors plus basement; Approximately 4,200 sq ft above‑grade space, with basement featuring a dirt floor and a large fireplace box; Built date reported as 1812 on the auditor’s website; historical plaque lists 1832
