Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    116 Court Ave Bellefontaine, OH 43311

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    116 Court Ave Bellefontaine, OH 43311

    View on Map
    • Specialty properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Historic Opera Block / Shopping Center & Mall

    Property Details for 116 Court Ave

    Property type
    Specialty properties

    Description

    This unique special-purpose property, located at 116 E Court Avenue in Bellefontaine, Ohio (zip code 43311), offers a single-tenant suite within the historic Opera Block. The suite features large, historic windows providing ample natural light. A significant advantage is the inclusion of a membership to the BUILD Cowork+Space, granting access to amenities such as high-speed internet, a 10-seat conference room (10 hours monthly access), and a shared kitchenette with complimentary coffee and tea. The lease includes utilities: water, sewer, gas, electricity, trash, and WIFI. The suite also boasts a lockable entrance and customized office furniture packages are available upon request. The property is situated on a lot with 0 sq ft, and the APN is 17-091-12-26-004-000. The minimum lease term is one year. This exceptional space is ideal for a small business or professional seeking a prestigious address and convenient access to collaborative workspaces. The cross street is Opera. This is a single-suite building. Inquire for details on available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.7592
    Latitude
    40.3603

    Comparable in this City

    • Value Estimation by Request
      9,600 SF

      1274 Township Road 204

      Specialty properties • 9,600 SF
      1274 Township Road 204, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request
      16.35 Acres

      Us 68

      PROFESSIONAL CLUBS/ASSOCIATIONS • 16.35 Acres
      Us 68, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request

      114 Court Ave

      Specialty properties
      114 Court Ave, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request

      116 Court Ave

      Specialty properties
      116 Court Ave, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request

      133-135 Main Ave

      Specialty properties
      133-135 Main Ave, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request
      8,564 SF

      600 Main St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 8,564 SF
      600 Main St, Bellefontaine, OH 43311-2283
      View Details

    Similar Nearby for Sale

    • $795,000
      9,600 SF

      Spacious Land with Large Outbuilding

      12.7-acre property with a 9,600 sq ft outbuilding in Ohio.
      1274 Township Road 204, Bellefontaine, OH 43311
      View Details
    • $1,500,000
      19,000 SF

      Historic Bellefontaine Corner Building

      19,000 SF, $1.5M, High Potential
      144 Main St, Bellefontaine, OH 43311
      View Details
    • $495,000
      8,730 SF

      Bellefontaine Historic Building

      Iconic 8,730 SF Downtown Gem
      221 N Main St, Bellefontaine, OH 43311
      View Details
    • Contact for pricing
      4,872 SF

      Historic Post Office For Sale

      Iconic Bellefontaine building with versatile space and historic charm.
      201 W Chillicothe Ave, Bellefontaine, OH 43311
      View Details
    • $8,500,000
      150.73 Acres

      Bellefontaine, OH Land Opportunity

      150+ acre wedding venue and corporate outing site.
      3482 County Road 10, Bellefontaine, OH 43311
      View Details
    • Contact for pricing
      8,700 SF

      Historic Elks Building Opportunity

      Iconic 8,700 SF building in Downtown Bellefontaine.
      221 N Main St, Bellefontaine, OH 43311
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo
      281 SF

      Downtown Bellefontaine Office Suite

      Serviced office in historic downtown Bellefontaine with included amenities.
      116 E Ct Ave Unit, Bellefontaine, OH 43311
      View Details
    • $799 /Mo
      200 SF

      Bellefontaine Coworking Office Space

      200 sq ft coworking space for 1-3 professionals.
      139 W Columbus Ave Unit, Bellefontaine, OH 43311
      View Details
    • Contact for pricing

      Retail Space in Downtown Bellefontaine

      Charming retail space near shops, dining, and cultural attractions.
      143 N Main St, Bellefontaine, OH 43311
      View Details
    • $7 SF/Yr
      105,000 SF

      Bellefontaine Distribution & Logistics Space

      105,000 SF industrial space ideal for distribution and logistics.
      1 Hunter Pl, Bellefontaine, OH 43311
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center For Rent

      High-performing shopping center anchored by Kroger in Bellefontaine, OH.
      2129 S Main St, Bellefontaine, OH 43311
      View Details
    • $1,000 /Mo
      400 SF

      Furnished Office Suite in Bellefontaine

      Fully furnished office suite with all-inclusive utilities and premium amenities.
      139 W Columbus Ave Unit, Bellefontaine, OH 43311
      View Details
    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.
    116 Court Ave
    Bellefontaine, OH 43311
    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!