Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    246 1/ Front Marietta, OH 45750
    Back to Search
    Property profile & analytics

    246 1/ Front Marietta, OH 45750

    View on Map
    • Apartment buildings
    • 0.02 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 246 1/ Front

    Year built
    2007
    Lot size
    0.02 lot acres
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity encompasses two buildings at 246 and 248 Front Street, Marietta, Ohio, situated on a 0.02-acre lot in the heart of the city's vibrant downtown commercial district. The property boasts a rich history and currently houses a mix of successful businesses and luxury apartments. Tenants include Congressman Johnson and Sugar Maples, along with two high-end residential units. The strategic location offers unparalleled exposure, surrounded by a thriving ecosystem of upscale restaurants, coffee shops, retail establishments, and entertainment venues. This high-demand area ensures strong rental income and significant potential for future appreciation. The property includes convenient alleyway parking with seven designated spaces, a valuable asset in a bustling downtown setting. This is a rare chance to acquire a well-established, income-generating commercial property in a prime Marietta location. The buildings are in excellent condition and offer immediate returns for the discerning investor. This is a turnkey opportunity, ready for immediate ownership and management. The property's strong tenant base and desirable location make it an exceptionally attractive investment. The asking price is $990,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Washington
    State
    Ohio
    Longitude
    -81.4547
    Latitude
    39.4136

    Comparable in this City

    • Value Estimation by Request
      608 SF

      837 3rd St

      APARTMENT HOUSE (5+ UNITS) • 608 SF
      837 3rd St, Marietta, OH 45750-1872
      View Details
    • Value Estimation by Request
      2,440 SF

      122 10th Ctr Dr

      APARTMENT HOUSE (5+ UNITS) • 2,440 SF
      122 10th Ctr Dr, Marietta, OH 45750-9349
      View Details
    • Value Estimation by Request
      3,744 SF

      1007 Orch St

      APARTMENT HOUSE (5+ UNITS) • 3,744 SF
      1007 Orch St, Marietta, OH 45750-2227
      View Details
    • Value Estimation by Request
      2,040 SF

      10 Browns Rd

      APARTMENT HOUSE (5+ UNITS) • 2,040 SF
      10 Browns Rd, Marietta, OH 45750-8791
      View Details
    • Value Estimation by Request
      2,475 SF

      1001 Colonial Dr

      APARTMENT HOUSE (5+ UNITS) • 2,475 SF
      1001 Colonial Dr, Marietta, OH 45750-1567
      View Details
    • Value Estimation by Request
      3,000 SF

      1001 Greene St

      APARTMENT HOUSE (5+ UNITS) • 3,000 SF
      1001 Greene St, Marietta, OH 45750-8043
      View Details

    Similar Nearby for Sale

    • $949,000

      Historical Downtown Marietta Investment Opportunity

      Prime commercial property with successful businesses and luxury apartments.
      246 1/ Front, Marietta, OH 45750
      View Details
    • $347,500
      5,000 SF

      Income-Producing Mixed-Use Property

      Renovated mixed-use property in Marietta's Harmar Village.
      118 Maple St, Marietta, OH 45750
      View Details
    • $990,000
      0.04 Acres

      Historic Marietta Commercial Property

      Prime Downtown Location, Multi-Tenant Income
      250 1/ Front, Marietta, OH 45750
      View Details
    • Contact for pricing

      Wooded Acreage with Road Frontage

      59 acres of wooded land with extensive road frontage.
      Cow Run Rd, Marietta, OH 45750
      View Details
    • Contact for pricing

      High Visibility Land For Sale

      0.91 acres of vacant land in high-traffic area.
      904 Pike St, Marietta, OH 45750
      View Details
    • Contact for pricing
      7,982 SF

      Freestanding Restaurant Property For Sale

      Freestanding restaurant property with a long-term corporate guaranteed lease.
      206 Cherry Tree Ln, Marietta, OH 45750
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Retail Spaces in Marietta Shopping Area

      Retail spaces available in Marietta, near I-77 and Marietta College.
      450 Pike St, Marietta, OH 45750
      View Details
    • Contact for pricing
      6,000 SF

      Marietta Flex Space For Rent

      6,000 SF flex space available for lease in Marietta.
      2345 State Route 821, Marietta, OH 45750
      View Details
    • Contact for pricing
      1,600 SF

      Retail, Office & Medical Space

      Located off I-77 in Marietta's retail corridor, 1,600 SF available.
      40 Acme St, Marietta, OH 45750
      View Details
    • Contact for pricing
      1,380 SF

      Versatile Flex Space with Garage

      1,380 sq ft flex space with garage/storage area.
      637 State Route 821, Marietta, OH 45750
      View Details
    • Contact for pricing
      8,000 SF

      Marietta Flex Space For Rent

      8,000 SF flex space available for rent in Marietta.
      214 Acme St, Marietta, OH 45750
      View Details
    • Contact for pricing
      9,147 SF

      Updated Retail Space Available

      Recently updated commercial space with parking and street visibility.
      101 Seneca Dr, Marietta, OH 45750
      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.
    246 1/ Front
    Marietta, OH 45750
    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
    246 1/ Front, Marietta, OH, 45750
    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!