Property profile

161 2nd St Byesville, OH 43723

OFF-MARKET
Retail space
Property ID
US66-4592521
12,390 SF 0.22 ac lot Built 1972
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 161 S 2nd Street in the heart of Byesville, Ohio, presents a compelling investment opportunity. The substantial brick building boasts over 12,000 square feet of space, currently occupied by a thriving retail tenant. The property features ample off-street parking with over 17 spaces, a significant advantage in a bustling downtown area. The current tenant enjoys a strong lease agreement, generating a monthly income of $2800, with the tenant responsible for all utilities. This provides immediate and consistent cash flow for the investor. The lease extends through the fall of 2025, offering long-term stability and predictability. The 0.43-acre lot provides ample space for potential expansion or future development. Situated in a prime downtown location, this property benefits from high visibility and convenient access for customers. The building's substantial size and current high occupancy rate make it an attractive investment for those seeking a stable, income-producing asset in a desirable Ohio market. The strong existing lease and the tenant's expressed desire to remain in the building further enhance the property's value and long-term potential. This is a rare opportunity to acquire a well-established, high-performing retail property in a thriving downtown location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Total area 12,390 SF
Lot 0.22 ac (9,751 SF)
APN 12-0000547.000
UPID US66-4592521

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store Grocery & Convenience Store

Location

161 2nd St Byesville, OH 43723-1303
Byesville metro Census 977900 CAMBRIDGE, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2019
1 recorded transaction
2019
$200,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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