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    2721 Mink St NW Johnstown, OH 43031
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    2721 Mink St NW Johnstown, OH 43031

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    • Gas stations
    • 1,557 SF
    For Sale
    $2,040,000
    View Listing →
    Mink and Jug Street Corner For Sale
    $2,040,000
    1,557 SF

    Mink and Jug Street Corner

    3.46 acre hard corner lot with maximum road frontage.

    2721 Mink Street NW, Johnstown, OH 43031
    View Listing
    Property ID
    US66-5740531
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gas stations

    Property Details for 2721 Mink St NW

    Year built
    1950
    Property size
    1,557 SF
    Property type
    Gas stations
    Property subtype
    Mixed-use properties

    Description

    3.46 acre hard corner of Mink and Jug Street Maximum road frontage' In Between Intel and 161 Expressway Gas Station convenience store Retail stores

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Licking
    State
    Ohio
    Longitude
    -82.712672
    Latitude
    40.0950725

    Comparable in this City

    • Contact for pricing

      Over 10 Acres Mixed-Use Land

      Prime location with mixed-use zoning and development potential.
      3010 Mink St, Johnstown, OH 43031
      View Details
    • $2,040,000

      Mink Street Hard Corner Land

      3.46 acre hard corner lot with maximum road frontage.
      2721 Mink St, Johnstown, OH 43031
      View Details
    • $697,500
      1,814 SF

      Johnstown Mixed-Use Investment Opportunity

      Prime 2.24-acre commercial property with existing ranch house.
      12026 Jug St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      27,334 SF

      Vacant Two-Story Commercial Building

      Two-story commercial building in Johnstown, Ohio, with ample parking.
      267 N Main St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      Pending

      Two-Story Commercial Building in Johnstown

      Vacant two-story commercial building with ample parking and excellent exposure.
      267 N Main St, Johnstown, OH 43031
      View Details
    • $950,000

      Retail Building on High-Traffic Street

      Free-standing retail building with high visibility and flexible layout.
      580 West Coshocton St, Johnstown, OH 43031
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Over 10 Acres Mixed-Use Land

      Prime location with mixed-use zoning and development potential.
      3010 Mink St, Johnstown, OH 43031
      View Details
    • $2,040,000

      Mink Street Hard Corner Land

      3.46 acre hard corner lot with maximum road frontage.
      2721 Mink St, Johnstown, OH 43031
      View Details
    • $697,500
      1,814 SF

      Johnstown Mixed-Use Investment Opportunity

      Prime 2.24-acre commercial property with existing ranch house.
      12026 Jug St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      Pending

      Two-Story Commercial Building in Johnstown

      Vacant two-story commercial building with ample parking and excellent exposure.
      267 N Main St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      27,334 SF

      Vacant Two-Story Commercial Building

      Two-story commercial building in Johnstown, Ohio, with ample parking.
      267 N Main St, Johnstown, OH 43031
      View Details
    • $950,000

      Retail Building on High-Traffic Street

      Free-standing retail building with high visibility and flexible layout.
      580 West Coshocton St, Johnstown, OH 43031
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Intel Plant

      Retail space for lease near the new Intel plant.
      800 W Coshocton St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space in Johnstown Center

      Retail space available in high-traffic Johnstown shopping center.
      659-753 W Coshocton St, Johnstown, OH 43031
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Johnstown, OH.
      659 W Coshocton St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      6,895 SF

      Retail Space on Coshocton Street

      Retail space with high traffic and frontage on Coshocton Street.
      733 West Coshocton St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      121,680 SF

      New Albany Warehouse Under Construction

      New warehouse space available for lease in New Albany, Ohio.
      9490 Innovation Campus Way, New Albany, OH 43031
      View Details
    • Contact for pricing
      50,000 SF

      Adaptable Warehouse Space in New Albany

      300,400 SF warehouse in New Albany with modern features.
      12550 Jug St, Johnstown, OH 43031
      View Details
    View Listing
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    2721 Mink St NW
    Johnstown, OH 43031
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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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