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    Property profile & analytics

    4 E Main St Danville, OH 43014

    • Medical offices
    • 2,574 SF
    • 0.11 lot acres
    For Sale
    View listing
    $239,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3042096
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 4 E Main St

    Year built
    1930
    Lot size
    0.11 lot acres
    Property size
    2,574 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    63-00547.000
    APU
    6300547000

    Description

    This exceptional mixed-use property, located at 4 Main Street in Danville, Ohio, presents a unique investment opportunity. The building encompasses a generous 2,574 square feet, offering versatile space adaptable to a variety of commercial uses. Its prime Main Street location ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the Danville community. The property sits on a lot with no acreage specified, offering convenient access and minimal land maintenance. Priced competitively at $249,900, this property represents a significant value proposition for discerning investors and entrepreneurs. The building's existing layout and square footage provide ample room for customization, allowing prospective buyers to tailor the space to their specific business needs. Whether you envision a retail storefront, office space, or a combination of uses, this property offers the flexibility to accommodate a wide range of commercial ventures. Its strategic location in Danville, Ohio, provides access to a thriving local market and a strong community base. This is a rare opportunity to acquire a well-situated commercial property in a desirable location at an attractive price point. Serious inquiries are encouraged to explore the potential of this versatile and strategically located mixed-use building. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Knox
    State
    Ohio
    Longitude
    -82.2598
    Latitude
    40.4509
    CBSA code
    34540
    CBSA name
    MOUNT VERNON, 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
    $2,465
    $3,360
    $49,040
    $52,400
    -
    $9,610
    $140,110
    $149,720

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Main E St

      MEDICAL CLINIC • 0.01 Acres
      Main E St, Danville, OH 43014
      View Details
    • Value Estimation by Request
      4.19 Acres

      26781 Danville Amity Rd

      MEDICAL CLINIC • 4.19 Acres
      26781 Danville Amity Rd, Danville, OH 43014-9769
      View Details
    • Value Estimation
      $930,000
      4,212 SF

      709 Market St

      MEDICAL CLINIC • 4,212 SF
      709 Market St, Danville, OH 43014-3514
      View Details
    • Value Estimation by Request
      3,452 SF

      304 Market St

      HOSPITAL - PRIVATE • 3,452 SF
      304 Market St, Danville, OH 43014
      View Details
    • Value Estimation by Request
      14.78 Acres

      15961 Danville Jelloway Rd

      HOSPITAL - PRIVATE • 14.78 Acres
      15961 Danville Jelloway Rd, Danville, OH 43014-8602
      View Details
    • Value Estimation by Request
      1.38 Acres

      16775 Pritchard Rd

      HOSPITAL - PRIVATE • 1.38 Acres
      16775 Pritchard Rd, Danville, OH 43014-8000
      View Details

    Similar Nearby for Sale

    • $239,900

      Danville Commercial Building For Sale

      Well-maintained commercial building in Danville, Ohio, with income potential.
      4 E Main St, Danville, OH 43014
      View Details
    • $249,900
      0.11 Acres

      Danville Commercial Building For Sale

      Prime Danville location, versatile space, great exposure.
      4 Main St, Danville, OH 43014
      View Details
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    4 E Main St
    Danville, OH 43014
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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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