Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2721 Mink St St Johnstown, OH 43031
    Property profile & analytics

    2721 Mink St St Johnstown, OH 43031

    View on Map
    • Mixed-use properties
    • 1,557 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 2721 Mink St St

    Property size
    1,557 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 2721 Mink Street NW in Johnstown, Ohio, presents a compelling investment opportunity. The building encompasses a substantial 1,557 square feet, offering significant versatility for a variety of commercial and/or residential uses. Situated on a lot with no acreage specified, the property benefits from its prime Johnstown location, providing easy access to local amenities, transportation routes, and a thriving community. The asking price is $1,875,000, reflecting the property's considerable potential for return on investment. The existing structure presents a blank canvas for creative redevelopment or adaptive reuse, allowing for customization to suit a wide range of business plans or residential configurations. Given its size and location, this property is ideally suited for entrepreneurs seeking a high-visibility location or investors looking for a strong addition to their portfolio. Detailed property information and potential usage scenarios are available upon request. Serious inquiries only. This is a rare opportunity to acquire a substantial mixed-use property in a desirable Ohio location. Don't miss out on this chance to secure a valuable asset with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Licking
    State
    Ohio
    Longitude
    -82.7126
    Latitude
    40.0953

    Comparable in this City

    • Value Estimation by Request
      1.44 Acres

      11272 Miller Rd

      Mixed-use properties • 1.44 Acres
      11272 Miller Rd, Johnstown, OH 43031
      View Details
    • Value Estimation by Request
      2,896 SF

      12888 Green Chapel Rd

      Mixed-use properties • 2,896 SF
      12888 Green Chapel Rd, Johnstown, OH 43031
      View Details
    • Value Estimation by Request
      0.16 Acres

      Frd Ave Ave

      Mixed-use properties • 0.16 Acres
      Frd Ave Ave, Johnstown, OH 43031
      View Details
    • Value Estimation by Request
      1,814 SF

      12026 Jug St

      Mixed-use properties • 1,814 SF
      12026 Jug St, Johnstown, OH 43031
      View Details
    • Value Estimation by Request
      8,464 SF

      48 Main St

      STORES & APARTMENTS • 8,464 SF
      48 Main St, Johnstown, OH 43031-1225
      View Details
    • Value Estimation by Request

      Cole Dr

      RESIDENTIAL PARKING GARAGE
      Cole Dr, Johnstown, OH 43031
      View Details

    Similar Nearby for Sale

    • $697,500
      1,814 SF

      Johnstown Mixed-Use Investment Opportunity

      Prime 2.24-acre commercial property with existing ranch house.
      12026 Jug St, Johnstown, OH 43031
      View Details
    • $2,040,000
      1,557 SF

      Mink and Jug Street Corner

      3.46 acre hard corner lot with maximum road frontage.
      2721 Mink St NW, Johnstown, OH 43031
      View Details
    • Contact for pricing
      2,580 SF

      Over 10 Acres Mixed-Use Land

      Prime location with mixed-use zoning and development potential.
      3010 Mink St, Johnstown, OH 43031
      View Details
    • $5,000,000
      Pending

      Land For Sale in Johnstown

      Land available in Licking County, Johnstown, Ohio.
      13692 Green Chapel Rd NW, Johnstown, OH 43031
      View Details
    • $5,000,000
      5.98 Acres

      Development Land in Johnstown, OH

      Almost 6 acres of land suitable for development.
      13692 Green Chapel Rd NW, Johnstown, OH 43031
      View Details
    • Contact for pricing
      Pending

      Vacant Two-Story Commercial Building

      Two-story commercial building in Johnstown, Ohio, with ample parking.
      267 N Main St, Johnstown, OH 43031
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      90,000 SF

      90,000 SF Warehouse Space Available

      Warehouse space featuring dock doors, drive-in door, and ample parking.
      8899-9485 Innovation Campus Way, Johnstown, OH 43031
      View Details
    • Contact for pricing
      50,000 SF

      Adaptable Warehouse Space in New Albany

      300,400 SF warehouse in New Albany with modern features.
      12550 Jug St, Johnstown, OH 43031
      View Details
    • Contact for pricing

      Land For Rent

      Single tenant land available for rent.
      13703 Johnstown Utica Rd, Johnstown, OH 43031
      View Details
    • Contact for pricing
      448,091 SF

      Expandable Industrial Building with Abatement

      448,091 SF building expandable to 1,000,000 SF.
      3210 Horizon Ct, New Albany, OH 43031
      View Details
    • Contact for pricing

      Industrial Land in Growing Area

      Land parcel in a rapidly expanding business-friendly community.
      915 W Coshocton St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      6,895 SF

      Retail Space on Coshocton Street

      Retail space with high traffic and frontage on Coshocton Street.
      733 West Coshocton St, Johnstown, OH 43031
      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.
    2721 Mink St St
    Johnstown, OH 43031
    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

    Thank You for Inquiry
    2721 Mink St St, Johnstown, OH, 43031
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!