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251 E Main St 7,800 SF 100% Leased Office Building Batavia, OH 45103 $675,000 ($86.54/SF) 8.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong in place cash flow
- Attractive Yield relative to market conditions
- Diversified income with four tenants
EXECUTIVE SUMMARY
Located in the Village of Batavia at the corner of Market and Main St with a light Close to Shopping and Amenities Adjacent to the County Recorders office and the Court House Private parking lot, resurfaced in 2021, Offices updated Covered Drive thru, Plus potential for upside as 4 offices are current leased. Agent Owned Property.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$78,516
|
$10.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$78,516
|
$10.07
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $78,516 |
| Annual Per SF | $10.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $78,516 |
| Annual Per SF | $10.07 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
7,800 SF
Building Class
C
Year Built/Renovated
1900/2018
Price
$675,000
Price Per SF
$86.54
Cap Rate
8.21%
NOI
$55,416
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,900 SF
Building FAR
1.38
Lot Size
0.13 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Ohio Department of Corrections
- -
- -
- -
- Plus Utilities
- May 2020
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Ohio Department of Corrections | - | - | - | Plus Utilities | May 2020 |
PROPERTY TAXES
| Parcel Number | 06-02-08.-085A | Improvements Assessment | $49,490 (2024) |
| Land Assessment | $10,640 (2024) | Total Assessment | $60,130 (2024) |
PROPERTY TAXES
Parcel Number
06-02-08.-085A
Land Assessment
$10,640 (2024)
Improvements Assessment
$49,490 (2024)
Total Assessment
$60,130 (2024)
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251 E Main St
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