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    815 North St Washington Court House, OH 43160
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    Property profile & analytics

    815 North St Washington Court House, OH 43160

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    • Small apartment buildings
    Off-Market
    Property ID
    US66-4957117
    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 815 North St

    Year built
    1900
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a three-unit apartment building situated at 815 S North Street, Washington Court House, Ohio, 43160. The property, built in 1900, sits on a generous 8,276.4 square foot lot. The asking price is $75,000, translating to $32.84 per square foot. The building comprises three units: two two-bedroom units and one one-bedroom unit. It's important to note that the property requires a complete gut renovation. While the original structure boasts a new roof, substantial metal roofing materials are already on-site for planned additions, representing a significant head start on the rehabilitation process. This presents a unique chance for a buyer to add value through a comprehensive renovation project, capitalizing on the strong potential for rental income in the Washington Court House area. The property's location in Fayette County, Ohio offers convenient access to local amenities and services. This is a compelling opportunity for investors seeking a hands-on project with significant upside potential. The property is sold as-is. All information is deemed reliable but not guaranteed. Buyers are responsible for conducting their own due diligence.

    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
    Washington Court House
    County
    Fayette
    State
    Ohio
    Longitude
    -83.430995
    Latitude
    39.531363

    Comparable in this City

    • $225,000

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      Washington Court House Duplex

      Duplex in Washington Court House for sale.
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      132 Halliday Way, Washington Court House, OH 43160

      Duplexes
      132 Halliday Way, Washington Court House, OH 43160
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      8,400 SF

      Leased Retail Center Near Walmart

      Fully leased retail center near Walmart Supercenter with high visibility.
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      Shovel Ready Industrial Land Available

      Industrial sites with highway access between major Ohio cities.
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      90,845 SF

      90,845 SF Industrial Facility

      Move-in ready industrial facility ideal for manufacturing, processing, or distribution.
      1104 Clinton Ave, Washington Court House, OH 43160
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    Similar Nearby for Sale

    • $225,000

      Columbus Ave Commercial Land Opportunity

      Prime 3+ acre commercial lot, high visibility.
      0 Columbus Ave, Washington Court House, OH 43160
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    • $99,900
      3,586 SF

      Washington Court House Duplex

      Duplex in Washington Court House for sale.
      129 E Paint St, Washington Court House, OH 43160
      View Details
    • Contact for pricing

      132 Halliday Way, Washington Court House, OH 43160

      Duplexes
      132 Halliday Way, Washington Court House, OH 43160
      View Details
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      13,840 SF

      Fayette Square Retail Hub

      Retail property in established regional hub with high traffic.
      1355 Leesburg Ave, Washington Court House, OH 43160
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      Land For Sale

      Land available for sale.
      1206 S Fayette St, Washington Court House, OH 43160
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    Similar Nearby for Lease

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      Commercial Space for Lease

      Commercial space available for lease in Washington Court House, OH.
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      277,992 SF

      Industrial Property Near Honda/LG Facility

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      9,600 SF

      Retail Space in Fayette Square

      Retail space available in a heavily trafficked retail plaza.
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      4,800 SF

      Retail Space in Washington Center

      Retail space available in a community shopping center.
      76 Washington Sq, Washington Court House, OH 43160
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    Washington Court House, OH 43160
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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.

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