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    102 5Th St Waterville, OH 43566

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    102 5Th St Waterville, OH 43566

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    • Apartment buildings
    • 8,146 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 102 5Th St

    Property size
    8,146 SF
    Property type
    Apartment buildings

    Description

    This exceptional multifamily property, located at 102 North 5th Street, Waterville, Ohio 43566, presents a unique investment opportunity. Comprising two buildings totaling 8,146 square feet, this property is situated on two parcels (APN 96-11694 and 96-11704) in a highly desirable, serene neighborhood near the charming downtown Waterville and the riverfront. Currently configured as a single grand residence, the property offers significant potential for conversion into four luxurious duplex units. The architectural marvel boasts original stained-glass windows, soaring ceilings, and intricate woodwork, blending historical charm with the potential for modern amenities. The property includes five bathrooms and a private courtyard. Its prime location offers easy access to shops, restaurants, parks, and major highways, combining the tranquility of small-town living with convenient access to amenities. The asking price is $399,900, with a price per square foot of $49.09. This is a rare opportunity to acquire a piece of Waterville's history and create a truly luxurious living experience or a high-yield investment property. The property's versatility, prime location, and historical charm make it an exceptional investment opportunity in a thriving Ohio community. Don't miss this chance to own a unique and profitable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Lucas
    State
    Ohio
    Longitude
    -83.722
    Latitude
    41.5013

    Comparable in this City

    • Value Estimation
      $10,365,000
      186,336 SF

      8550 Waterville Swanton Rd

      APARTMENT HOUSE (5+ UNITS) • 186,336 SF
      8550 Waterville Swanton Rd, Waterville, OH 43566-9725
      View Details
    • Value Estimation by Request
      3,975 SF

      1189 Farnsworth Rd

      APARTMENT HOUSE (5+ UNITS) • 3,975 SF
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    • Value Estimation by Request
      7,195 SF

      1259 Applegate St

      APARTMENT HOUSE (5+ UNITS) • 7,195 SF
      1259 Applegate St, Waterville, OH 43566-1022
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    • Value Estimation
      $4,425,000
      76,002 SF

      Pray Blvd

      APARTMENT HOUSE (5+ UNITS) • 76,002 SF
      Pray Blvd, Waterville, OH 43566
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    • Value Estimation
      $1,270,000
      20,160 SF

      1360 Waterville Monclova Rd

      APARTMENT HOUSE (5+ UNITS) • 20,160 SF
      1360 Waterville Monclova Rd, Waterville, OH 43566
      View Details
    • Value Estimation by Request
      10,554 SF

      1460 Waterville Monclova Rd

      APARTMENT HOUSE (5+ UNITS) • 10,554 SF
      1460 Waterville Monclova Rd, Waterville, OH 43566-9610
      View Details

    Similar Nearby for Sale

    • $488,000
      2,188 SF

      PRIME UPTOWN WATERVILLE COMMERCIAL BUILDING - BUSINESS. 18 S Third Street Waterville, OHio 43566

      PRIME UPTOWN WATERVILLE COMMERCIAL BUILDING - BUSINESS. 18 S Third Street Waterville, OHio 43566
      18 3Rd St, Waterville, OH 43566
      View Details
    • Contact for pricing

      Land Available in Waterville, OH

      Land for sale on Waterville Swanton Road.
      Waterville Swanton Rd State Rte 64, Waterville, OH 43566
      View Details
    • $925,000

      17.2 Acres on Waterville Swanton

      17.2 acres with frontage on Waterville Swanton Road.
      Waterville Swanton Rd, Waterville, OH 43566
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 645 square feet.
      214 Mechanic St, Waterville, OH 43566
      View Details
    • Contact for pricing
      5,000 SF

      Versatile Waterville Studio/Warehouse/Gym Space

      Flexible space suitable for studio, warehouse, gym, or creative uses.
      215 Mechanic St, Waterville, OH 43566
      View Details
    • $20 SF/Yr
      14,673 SF

      Prime Retail Building, Waterville, OH

      14,673 SF Free-Standing Retail Building
      8239 Waterville Swanton Rd, Waterville, OH 43566
      View Details
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    Waterville, OH 43566
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    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
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    102 5Th St, Waterville, OH, 43566

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