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    358 Logan St Circleville, OH 43113

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    358 Logan St Circleville, OH 43113

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    • Small apartment buildings
    Off-Market
    Property ID
    US66-5872633
    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

    • Small apartment buildings

    Property Details for 358 Logan St

    Year built
    1947
    Property type
    Small apartment buildings

    Description

    Exceptional investment opportunity in Circleville, Ohio, presents a meticulously renovated three-unit apartment building at 358 Logan Street, zip code 43113. This property, built in 1947 and completely renovated in 2024, sits on a substantial 6,969.6 square foot lot. The asking price is $350,000, translating to $148.31 per square foot. The building comprises three distinct units, each offering a unique layout and modern amenities. Unit A boasts 3 or 4 bedrooms, distributed between an upper and lower level, including a lower-level laundry area with an egress window. A spacious family room, eat-in kitchen with shelving and tiled backsplash, and a bathroom with a 12x12 tiled tub/shower surround complete this unit. Unit B features an open-concept kitchen/family room area with a backsplash, a first-floor bedroom, laundry facilities, a bathroom with a 12x12 tub/shower surround, and an additional upstairs bedroom. Basement storage is also available. Finally, Unit C offers an open kitchen/family room concept, a kitchen with backsplash, a bathroom with a 12x12 tub/shower surround, and stackable laundry. All units feature separate utilities and a firewall between Units A and B. This turnkey property is ideal for investors seeking immediate rental income and strong returns. The property's recent renovation ensures minimal maintenance needs, maximizing profitability. Don't miss this chance to acquire a well-maintained multifamily property in a desirable location.

    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
    Circleville
    County
    Pickaway
    State
    Ohio
    Longitude
    -82.9443223
    Latitude
    39.5887293

    Comparable in this City

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      Duplex for immediate cash flow and investment growth.
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      Circleville Duplex with Income Potential

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      High-Traffic Circleville Mixed-Use

      Prime location, high visibility, development potential.
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    Similar Nearby for Sale

    • $424,900
      0.17 Acres

      Mixed-Use Building in Circleville, OH

      Two-story building with apartments and commercial space for sale.
      1002 S Court St, Circleville, OH 43113
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      Versatile Two-Unit Property

      Two-unit property with commercial/residential zoning and recent updates.
      208 N Scioto St, Circleville, OH 43113
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      Duplex on Corner Lot

      Duplex with flexible living or income potential, rehabbed in 2021-2022.
      837 Clinton St, Circleville, OH 43113
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      Circleville Duplex Investment Opportunity

      Duplex for immediate cash flow and investment growth.
      231-233 Logan St, Circleville, OH 43113
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    • New
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      Circleville Duplex with Income Potential

      Corner lot duplex, rehabbed in 2021-2022, ideal for investors.
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    • $40,000
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      Residential Lot in Circleville, OH

      Residential lot with utilities and garage in Circleville, OH.
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    Similar Nearby for Lease

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      Retail Spaces Available For Lease

      Two retail spaces available in a convenient location.
      509 E Main St, Circleville, OH 43113
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    • $8 SF/Yr
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      Office and Warehouse Space Available

      Two-story office and warehouse space for lease.
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      Retail Space on Main Street

      Retail space with high visibility and ample parking available for lease.
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      Renovated Flex-Warehouse on 1.5 Acres

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      Professional Office Suites Available

      Variety of office suites available for rent in Circleville.
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      Retail Space in Circleville, Ohio

      Retail space anchored by Big Lots, near fairgrounds.
      201 Lancaster Pike, Circleville, OH 43113
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    358 Logan St
    Circleville, OH 43113
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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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