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    331 Main St Wintersville, OH 43953

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    331 Main St Wintersville, OH 43953

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    • Retail space
    • 1,292 SF
    • 0.23 lot acres
    For Sale
    $1,100,000
    View Listing →
    Wintersville Main Street Mixed-Use Portfolio For Sale
    $1,100,000

    Wintersville Main Street Mixed-Use Portfolio

    High-traffic, multi-building investment opportunity.

    Steubenville, OH 43953
    View Listing
    Property ID
    US66-3333477
    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

    • Retail space

    Property Details for 331 Main St

    Year built
    1923
    Lot size
    0.23 lot acres
    Property size
    1,292 SF
    Property type
    Retail space
    APN
    06-00424-000
    APU
    600424000

    Description

    This exceptional mixed-use investment property in Wintersville, Ohio, presents a rare opportunity to acquire a substantial portfolio of commercial real estate. Located on Main Street, this offering encompasses approximately 1.44 acres and boasts an impressive 255 feet of commercial frontage. The property consists of five separate mixed-use buildings currently generating a combined monthly rental income of $2,950. One building is owner-occupied, previously rented for $1200 per month, with the owner responsible for heating costs. The high daily traffic count of approximately 22,000 vehicles ensures significant visibility and potential for increased revenue. The property's eight parcels (five included in the MLS listing, and three additional parcels totaling 0.48 acres with individual parcel numbers 06-01023-000, 03-01179-000, and 06-01234-000) offer flexibility for a variety of uses, including retail, medical facilities, and professional offices. This prime location and substantial property size make it an ideal investment for a discerning buyer seeking significant return on investment in a thriving Ohio community. The asking price for this unique portfolio is $1,100,000. Contact us today to schedule a viewing and explore the possibilities.

    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
    Wintersville
    County
    Jefferson
    State
    Ohio
    Longitude
    -80.6921
    Latitude
    40.3754
    CBSA code
    48260
    CBSA name
    WEIRTON-STEUBENVILLE, WV-OH METROPOLITAN 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
    $2,054
    $23,013
    $8,425
    $31,438
    -
    $65,750
    $24,070
    $89,820

    Comparable in this City

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      1,019 SF

      339 Main St

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    • Value Estimation by Request
      1,711 SF

      22 Sr

      RETAIL STORES (PERSONAL SERVICES) • 1,711 SF
      22 Sr, Steubenville, OH 43953
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    • Value Estimation by Request
      3,000 SF

      825 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      825 Main St, Wintersville, OH 43953-3869
      View Details
    • Value Estimation
      $1,040,000
      11,216 SF

      264 Main St

      RETAIL STORES (PERSONAL SERVICES) • 11,216 SF
      264 Main St, Wintersville, OH 43953-3762
      View Details
    • Value Estimation by Request
      0.48 Acres

      Sunset Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.48 Acres
      Sunset Blvd, Steubenville, OH 43953
      View Details
    • Value Estimation by Request
      2,120 SF

      425 Canton Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,120 SF
      425 Canton Rd, Steubenville, OH 43953-3907
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      61,623 SF

      Retail Property in Steubenville, OH

      Retail property available for sale in Steubenville, Ohio.
      864 Main St, Steubenville, OH 43953
      View Details
    • $199,000
      3.17 Acres

      Wintersville Dual-Asset Commercial Opportunity

      Commercial restaurant and residential home on a 3.17-acre parcel.
      985 Bantam Ridge Rd, Wintersville, OH 43953
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    • Contact for pricing
      0.40 Acres

      Residential Land in Desirable Neighborhood

      Building site in Wintersville, close to schools and shopping.
      168 Meadow Rd, Wintersville, OH 43953
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Land in Wintersville, OH

      Residential lot suitable for building a dream home.
      Walnut St, Wintersville, OH 43953
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    • Contact for pricing
      0.33 Acres

      Residential Land in Desirable Neighborhood

      Building site near schools, shopping, and parks in Wintersville, OH.
      164 Meadow Rd, Wintersville, OH 43953
      View Details
    • $40,000
      0.67 Acres

      Wintersville, OH Land For Sale

      0.67 acre lot outside Wintersville with utilities available.
      Linmar Ave, Wintersville, OH 43953
      View Details
    View Listing
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    Wintersville, OH 43953
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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.

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