Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    50-52 Main St St London, OH 43140
    Property profile & analytics

    50-52 Main St St, London, OH 43140

    View on Map
    • Mixed-use properties
    • 7,372 SF
    • 0.04 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 50-52 Main St St

    Year built
    1890
    Lot size
    0.04 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, situated in the heart of London, Ohio, presents a compelling investment opportunity. The building, encompassing 7,372 square feet on a 0.04-acre lot at 50-52 South Main Street, offers a blend of commercial and residential space. The ground floor comprises retail space currently under lease, generating consistent income through August 2027. Above, three residential units provide additional revenue streams. Each unit boasts newly installed HVAC systems and brand new appliances, including in-unit washer and dryer sets, enhancing tenant appeal and minimizing maintenance concerns. The property's strong performance is reflected in its attractive 9% capitalization rate, indicating a significant return on investment. This turnkey operation requires minimal immediate capital expenditure, making it an ideal acquisition for investors seeking a stable, high-yield asset in a desirable location. The property's prime downtown location ensures high visibility and accessibility, further enhancing its investment potential. This is a rare opportunity to acquire a well-maintained, income-producing property with a proven track record of success. The combination of a secure retail lease and three updated residential units provides a diversified income stream, mitigating risk and maximizing returns. Images showcase the building's exterior and a representative one-bedroom unit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Madison
    State
    Ohio
    Longitude
    -83.4345
    Latitude
    39.9035

    Comparable in this City

    • Value Estimation by Request
      4,816 SF

      50 Oh-56

      Mixed-use properties
      50 Oh-56, London, OH 43140
      View Details
    • Value Estimation by Request
      106,958 SF

      224-232 Lafayette St

      Retail properties & Spaces
      224-232 Lafayette St, London, OH 43140
      View Details
    • Value Estimation by Request

      1072 Eagleton Blvd

      Restaurants
      1072 Eagleton Blvd, London, OH 43140
      View Details
    • Value Estimation by Request
      0.64 Acres

      Us 42

      COMMERCIAL (GENERAL)
      Us 42, London, OH 43140
      View Details
    • Value Estimation by Request
      13.13 Acres

      Us 42

      COMMERCIAL (GENERAL)
      Us 42, London, OH 43140
      View Details
    • Value Estimation by Request
      2.25 Acres

      56 Sr

      GAS STATION
      56 Sr, London, OH 43140
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      London Mixed-Use Property For Sale

      Mixed-use property with retail and residential units in London, OH.
      50 S Main St, London, OH 43140
      View Details
    • $789,900
      0.04 Acres

      London, OH Mixed-Use Property

      Mixed-use property with retail and residential units in London, OH.
      50 S Main St, London, OH 43140
      View Details
    • Contact for pricing
      6,524 SF

      Versatile Building with Large Lot

      6,524 SF building with multi-use potential and additional parking.
      249 W High St, London, OH 43140
      View Details
    • $789,900
      7,372 SF

      London, OH Mixed-Use Property

      Mixed-use property with retail and residential units in London, OH.
      50 South Main St, London, OH 43140
      View Details
    • $165,000
      2.80 Acres

      Vacant Land in London, OH

      2.8 acres of land suitable for building a home.
      Old Xenia Rd, London, OH 43140
      View Details
    • $165,000
      2.45 Acres

      Land for Dream Home

      2.448 acres of land near London, Ohio.
      Old Xenia Rd, London, OH 43140
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      460 SF

      Warehouse Space For Lease

      2,666 SF warehouse space available for lease.
      231-235 Lafayette St, London, OH 43140
      View Details
    • Contact for pricing

      Retail and Warehouse Space Available

      Retail and warehouse space for rent near downtown London, OH.
      231 Lafayette St, London, OH 43140
      View Details
    • Contact for pricing
      2,666 SF

      Warehouse and Retail Spaces Available

      Warehouse and retail spaces for lease in London, OH.
      235 Lafayette St, London, OH 43140
      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.
    50-52 Main St St
    London, OH 43140
    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
    50-52 Main St St, London, OH, 43140
    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!