Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    408 Main St Findlay, OH 45840-3210

    • Banks
    • 3,675 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Nov 29, 2022
    $1,744,267
    Value Estimations
    $1,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3106761
    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

    • State Bank / Financial Institution
    • The Baker's Café / Bakery / Coffee Shop
    • MicDrop Productions / Dj Service
    • House of Hindenach Audio Systems / Electronics Store / Audio Visual Consultant

    Property Details for 408 Main St

    Year built
    2019
    Construction
    MIXED
    Lot size
    0.11 lot acres
    Property size
    3,675 SF
    Property type
    Banks
    APN
    570000210410
    APU
    570000210410

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,530,000
      ML approach
      $1,420,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Findlay
    County
    Hancock
    State
    Ohio
    Longitude
    -83.6508
    Latitude
    41.0374
    CBSA code
    22300
    CBSA name
    FINDLAY, 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
    $1,110
    $12,370
    $7,410
    $19,780
    -
    $35,330
    $21,170
    $56,500

    Comparable in this City

    • Value Estimation by Request
      6,160 SF

      3900 Main St

      FINANCIAL BUILDING • 6,160 SF
      3900 Main St, Findlay, OH 45840-4217
      View Details
    • Value Estimation by Request
      4,216 SF

      1650 Fostoria Ave

      FINANCIAL BUILDING • 4,216 SF
      1650 Fostoria Ave, Findlay, OH 45840-6272
      View Details
    • Value Estimation by Request
      1,290 SF

      2221 Tiffin Ave

      FINANCIAL BUILDING • 1,290 SF
      2221 Tiffin Ave, Findlay, OH 45840-9506
      View Details
    • Value Estimation by Request
      2,720 SF

      125 Trenton Ave

      FINANCIAL BUILDING • 2,720 SF
      125 Trenton Ave, Findlay, OH 45840-3741
      View Details
    • Value Estimation by Request
      2,050 SF

      209 Main St

      FINANCIAL BUILDING • 2,050 SF
      209 Main St, Findlay, OH 45840-3336
      View Details
    • Value Estimation by Request
      3,844 SF

      1920 Tiffin Ave

      FINANCIAL BUILDING • 3,844 SF
      1920 Tiffin Ave, Findlay, OH 45840-6753
      View Details

    Similar Nearby for Sale

    • $1,900,000
      26,116 SF

      Established Retail Center on Major Corridor

      High-visibility retail center with strong tenant mix and redevelopment potential.
      1016 Tiffin Ave, Findlay, OH 45840
      View Details
    • $1,480,000

      High-Traffic Commercial Building For Sale

      12-unit commercial building in high-traffic area with investment potential.
      1100 Croy Dr, Findlay, OH 45840
      View Details
    • $309,900

      Remodeled Building on Tiffin Avenue

      Remodeled commercial building with parking in high-traffic location.
      1019 Tiffin Ave, Findlay, OH 45840
      View Details
    • $899,000

      Retail Property with Included Inventory

      Retail property for sale with existing business and included inventory.
      10283 W Us Route 224, Findlay, OH 45840
      View Details
    • $425,000

      Former Gas Station Near University

      Former gas station and convenience store, great location near university.
      1303 Main St, Findlay, OH 45840
      View Details
    • $39,900

      Findlay Residential Land - $39,900

      Prime Findlay land, R4 zoning, great investment.
      0 Park St, Findlay, OH 45840
      View Details

    Similar Nearby for Lease

    • $1,747,000
      4,689 SF

      Retail Space Available For Lease

      Retail space for lease with highway signage available.
      912 Interstate Dr, Findlay, OH 45840
      View Details
    • Contact for pricing

      Retail Building in Findlay, Ohio

      14,492 SF retail building on 2.11 acres for lease.
      Findlay, OH 45840
      View Details
    • Contact for pricing
      14,492 SF

      Retail Space in Findlay, Ohio

      Retail property available for rent in Findlay, Ohio.
      1501 N Main St, Findlay, OH 45840
      View Details
    • $10 SF/Yr
      10,000 SF

      Findlay Industrial Space For Lease

      10,000 SF Flex Warehouse, Ohio
      11600 County Road 99, Findlay, OH 45840
      View Details
    • Contact for pricing
      3,462 SF

      Retail Space in Prime Location

      Retail space in Findlay's premier retail corridor, near University.
      2205 Tiffin Ave, Findlay, OH 45840
      View Details
    • $15 SF/Yr
      1,626 SF

      Retail Space Near Findlay Mall

      Well-maintained retail suites available in high-traffic commercial area.
      15033-15085 Flag City Dr, Findlay, OH 45840
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    408 Main St
    Findlay, OH 45840-3210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.