Commercial Land With Existing
For Sale
$925,000
1725 Eastern Ave, Gallipolis, OH 45631
SINGLE_FAMILY - Gallipolis, OH
Property Size2,600 SF
Lot Size1.07 Acres
Price / SF$355.77
Days on Market30
Property Features for 1725 Eastern Ave
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Interior features
Flooring- Vinyl, Flooring- Concrete
Standard status
Active
APN
00704905300,00704905
Size
2,600 SF
Lot size
1.07 Acres
Taxes and HOA fees
Tax Annual Amount
4139
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1971
Roof type
Metal
Listing Agency:
Wiseman Real Estate
(740) 446-3644
Listed By:
Joshua Bodimer · License #BRKP.2016000145
(740) 645-6665
Added: Aug 3
Last Checked: Sep 1 at 6:06PM
MLS# 2435333
Copyright © 2026 Athens County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1725 Eastern Ave in Gallipolis, Ohio, this 1.07-acre commercial land parcel includes two existing buildings totaling 2,600 square feet. The improvements date to 1971 and feature metal roofing, vinyl and concrete flooring, forced-air heating with natural gas, and central air conditioning.
The property sits adjacent to McDonald's and near the Gallipolis Marketplace. Dual curb cuts provide two points of access from Eastern Avenue, while the commercial zoning supports the property's stated commercial positioning. The existing structures provide an established physical component within a larger parcel suitable for continued use or future planning.
The property sits adjacent to McDonald's and near the Gallipolis Marketplace. Dual curb cuts provide two points of access from Eastern Avenue, while the commercial zoning supports the property's stated commercial positioning. The existing structures provide an established physical component within a larger parcel suitable for continued use or future planning.
Key Highlights
- 1.07‑acre commercial‑zoned parcel at 1725 Eastern Ave
- Two existing buildings totaling 2,600 square feet
- Dual curb cuts from Eastern Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,903
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,060
$598.1K
Cap Rate 7%
$427,186
$427.2K
Cap Rate 9%
$332,256
$332.3K
Market Conditions
NOI Build-Up for 2,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.3K $17.04/SF
− Vacancy
−$1.6K −$0.61/SF
EGI
$42.7K $16.43/SF
− OpEx
−$12.8K −$4.93/SF
NOI
$29.9K $11.50/SF
Area
Gallia County, OH
Vacancy
3.58%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,060
Cap Rate 7%
$427,186
Cap Rate 9%
$332,256
Alternative Uses
Best Use
Retail
$427.2K
$373.8K – $498.4K
NOI $29,903 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.7K
$458.3K – $611.0K
NOI $36,660 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial-zoned site includes two existing buildings and dual curb cuts.
Where is this commercial land located?
The property is located at 1725 Eastern Ave Gallipolis, OH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 1.07‑acre commercial‑zoned parcel at 1725 Eastern Ave; Two existing buildings totaling 2,600 square feet; Dual curb cuts from Eastern Avenue
