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Property profile & analytics
OFF-MARKET
Retail space
43 Main St New London, OH 44851-1213
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-5797508
Property summary
AI-generated overview
This 3,082 sq ft mixed-use building at 43 E Main St, New London, Ohio 44851, presents a compelling investment opportunity. Located in the heart of the Downtown Business district, this two-story, 1900-built structure offers a blend of retail and residential income streams. The main level currently houses a storefront, boasting large windows ideal for attracting foot traffic, and is under lease until May 2025 at $650 per month. Upstairs, three residential units generate additional income: two efficiency apartments rented at $350 each, and a one-bedroom apartment previously rented at $550. The property sits on a 0.03 sq ft lot and features four total units. With a current NOI of $2,150 and an asking price of $179,000, this property offers a 1.20% cap rate. Please allow 48 hours' notice for showings. This sale/leaseback opportunity is perfect for investors seeking a blend of retail and residential income in a thriving downtown location. The property is zoned for Downtown Business district use.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
1,541 SF
Lot
0.03 ac (1,474 SF)
APN
26-0180-03-012-0000
UPID
US66-5797508
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
New London Record Publishing House Newspaper & Magazine
-
Firelands Farmer Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Art Of Living Buttercup LLC · 6 yrs held
Art Of Living Buttercup LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New London submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New London submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$680
Tax year 2023
Assessed value
$15,000
Assessed 2023
Previous assessed
$15,000
+0.0% YoY
Effective rate
4.53%
On assessed value
Assessed land
$750
Assessed improvement
$14,250
Land market value
$2,130
Improvement market value
$40,710
Total market value
$42,840
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
NONE
Stories
1
Units
1
Total area
1,541 SF
Lot
0.03 ac (1,474 SF)
APN
26-0180-03-012-0000
UPID
US66-5797508
Jurisdiction
HURON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
1
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Art Of Living Buttercup LLC
Entity
Free & Clear · 6 yrs held
Mailing address
406 JOHN CARLYLE ST, ALEXANDRIA, VA 22314-5762
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2019
$25,900
Art Of Living Buttercup LLC
Young Patricia E Trust
Warranty Deed
—
Dec 5, 2018
$2,750
Young,patricia E Trust
Young,patricia E
Quit Claim Deed
related
—
Nov 5, 2013
—
Patricia E Young
Young,paul D
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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