Technical
Financial
Distress signals
Property profile

40 Main St Lexington, OH 44904

OFF-MARKET
Banks
Property ID
US66-3044034
2,742 SF 0.8 ac lot Built 1982
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

Located in Lexington, this mixed-use property consists of a built-out cafe and bar area within the Teller Building plus two smaller office suites. The overall property area is approximately 2,742 square feet on an approximately 0.8-acre lot. The commercial space is configured for beverage service and light food preparation, with existing refrigeration, designated prep areas, and bar infrastructure. Exterior amenities include two drive-thru lanes, a furnished patio with gas fire pits, a turf lawn, and outdoor seating. In addition to the cafe/bar area, there are two office suites (Suite A and Suite B), each approximately 260 square feet. The property also includes a hospitality component referred to as THE NIGHT VAULT, featuring high-end finishes and repurposed historic elements. The location is in the Lexington area, near Mid-Ohio, Snow Trails, and Mohican.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1982
Total area 2,742 SF
Lot 0.8 ac (34,844 SF)
APN 048-27-110-01-000
UPID US66-3044034

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Restaurant
  • Restaurant
  • Marketing & Advertising Event Planning

Location

40 Main St Lexington, OH 44904-1223
Lexington metro Census 2200 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2021
Last sale
$279,000
1 recorded transaction
2021
$279,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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