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    200 Main St Urbana, OH 43078-1642

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    200 Main St Urbana, OH 43078-1642

    View on Map
    • Office buildings
    • 10,107 SF
    • 0.68 lot acres
    Off-Market
    Property ID
    US66-4436631
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vario Inc. / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Champaign County Probate Court / County Government Office / Government
    • United States Postal Service / Shipping And Mailing Service / Post Office
    • Champaign County Adult Prbtn / County Government Office
    • Champaign County Law Library / Public Library

    Property Details for 200 Main St

    Year built
    1952
    Lot size
    0.68 lot acres
    Property size
    10,107 SF
    Property type
    Office buildings
    APN
    K48-25-00-04-19-066-00
    APU
    K482500041906600

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,160,000
      6.5%
      $1,995,000
      7%
      $1,855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,560,000
      Market price range: $422k - $1.56M
      AI Estimate
      $1,560,000
      Market price range: $379k - $1.56M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Ohio
    Longitude
    -83.7528
    Latitude
    40.1095
    CBSA code
    46500
    CBSA name
    URBANA, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $9,320
    $948,800
    $958,120
    -
    $26,620
    $2,710,870
    $2,737,490

    Comparable in this City

    • Value Estimation by Request
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      Scioto St

      OFFICE BUILDING • 0.09 Acres
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      1,044 SF

      944 Main St

      OFFICE BUILDING • 1,044 SF
      944 Main St, Urbana, OH 43078-2540
      View Details
    • Value Estimation
      $545,000
      8,316 SF

      5045 Us Hwy 68

      OFFICE BUILDING • 8,316 SF
      5045 Us Hwy 68, Urbana, OH 43078-9315
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    • Value Estimation by Request
      864 SF

      1501 Us Hwy 68

      OFFICE BUILDING • 864 SF
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    • Value Estimation by Request
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      647 Bodey Cir

      OFFICE BUILDING • 3,288 SF
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      Downtown Urbana Commercial Building For Sale

      Four-level commercial building in downtown Urbana's business district.
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      9,120 SF

      Mixed-Use Property | 9,120 SF

      Mixed-use property featuring 9,120 SF of commercial space.
      1140 N Main St, Urbana, OH 43078
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    • $299,900
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      Urbana Mixed-Use Commercial Property

      High-traffic location, versatile zoning.
      1000 Scioto St, Urbana, OH 43078
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    • $85,000
      1.42 Acres

      Residential Lot in Urbana Township

      1.42-acre lot near amenities, ideal for custom home.
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    Similar Nearby for Lease

    • Contact for pricing

      Office and Industrial Space Available

      Single tenant office and industrial space for lease.
      720 S Edgewood Ave, Urbana, OH 43078
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    • Contact for pricing
      3,208 SF

      Office Space for Rent

      Office space available for lease in Urbana, Ohio.
      200 S Main St, Urbana, OH 43078
      View Details
    • $12 SF/Yr
      3,943 SF

      Retail Property in Urbana, Ohio

      Retail property available for lease in Urbana, Ohio.
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    • Contact for pricing

      Scioto Street Land For Rent

      Land available for rent on Scioto Street, Urbana, OH.
      707-747 Scioto St, Urbana, OH 43078
      View Details
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    200 Main St
    Urbana, OH 43078-1642
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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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