Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1St Ave Gallipolis, OH 45631

    Sponsored
    For Sale
    Pending
    $215,900

    Vacant Land - Gallipolis, OH

    Days on Market:
    16
    Last Refresh:
    Jan 20 at 2:06 pm

    Property Features for 1St Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    00702001302,0070200
    Exterior features
    Borders River, View of River, Minerals-per Owner

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carolyn Wasch

    Wiseman Real Estate Inc. (740) 446-3644 [email protected]

    Listing agent Carolyn Wasch (740) 446-3644 License #379858

    Listing date Jan 5, 2026

    MLS# 2434244 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Ohio Riverfront Land Opportunity

    This vacant land offers an outstanding view of the Ohio River and presents great potential to build a dream home. The property allows enjoyment of sunrises and sunsets, along with the peaceful tranquility associated with waterfront property. Lot #2 is located on the North side/Upriver, measuring 67 ft of road frontage going down to the Ohio River. City utilities associated with Gallipolis include City Water & Sewer, AEP Electric, Columbia Gas, plus Wireless Internet. This property is located in Gallipolis, OH, and may be a chance to acquire one of Gallia County's sought after locations for a new home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gallipolis
    County
    Gallia
    State
    Ohio
    Longitude
    -82.1973515
    Latitude
    38.811307

    Nearby Similar for Sale

    • $525,000
      11,988 SF

      Well-Maintained Office Building with Parking

      Office building with conference space, covered parking, and security features.
      87 Olive St, Gallipolis, OH 45631
      View Details
    • $1,150,000
      2.11 Acres

      Commercial Building and Business Opportunity

      Established fabrication and retail trailer sales business for sale.
      160 Sr 850, Gallipolis, OH 45631
      View Details
    • $435,000
      7,600 SF

      Historic Ohio Riverfront Duplex

      Historic duplex with river views, ideal for investment or rental.
      11 Court St, Gallipolis, OH 45631
      View Details
    • $650,000
      2,812 SF

      Riverfront Motel Opportunity in Gallipolis

      Riverfront motel with potential for expansion and additional rental units.
      1066 1St Ave, Gallipolis, OH 45631
      View Details
    • $790,000
      8,700 SF

      Retail Building in Gallipolis, OH

      8,700 SF retail building on 2.1 acres for sale.
      2991 Oh-160, Gallipolis, OH 25631
      View Details
    • $150,000

      Commercial Building Near Gallipolis City Park

      Versatile commercial space with high visibility and foot traffic.
      46 State St, Gallipolis, OH 45631
      View Details
    • New
      $195,000
      4,136 SF

      Versatile Commercial Building in Gallipolis

      Well-maintained commercial building with large parking and development potential.
      730 4Th Ave, Gallipolis, OH 45631
      View Details
    • $249,900
      3,384 SF

      Downtown Gallipolis Mixed-Use Building

      High-visibility corner lot with income-producing apartments and commercial space.
      760 2Nd Ave, Gallipolis, OH 45631
      View Details
    • $349,900
      8,799 SF

      Mixed-Use Building in Gallipolis, OH

      Mixed-use building with income-producing commercial space and apartments.
      57 Court St, Gallipolis, OH 45631
      View Details
    • $699,900
      2,268 SF

      Gallipolis Commercial Building on SR7

      High-traffic location suitable for retail, restaurants, or business operations.
      392 Sr 7, Gallipolis, OH 45631
      View Details
    • $250,000
      9,000 SF

      Commercial Building with Business Opportunity

      Commercial building with 72 units and expansion potential for sale.
      330 Bostic Rd, Gallipolis, OH 45631
      View Details
    • $215,900
      2,016 SF

      Retail Space in Centenary

      Adaptable retail space in desirable Centenary community near Gallipolis.
      2239 Oh 141, Gallipolis, OH
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land with outstanding Ohio River views and building potential.
    Where is this land located?
    The property is located at 1St Ave Gallipolis, OH.
    What is the asking price?
    The asking price for this property is $215,900.
    What are key features of this property?
    This property features: - Riverfront property on the Ohio River; - Outstanding views of the Ohio River; - Potential to build a dream home
    (740) 446-3644
    Request Owner's contact information
    1St Ave Gallipolis, OH 45631
    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.
    1St Ave
    Gallipolis, OH 45631
    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
    1St Ave Gallipolis, OH 45631
    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

    We can help!
    Listing Contact
    Carolyn Wasch
    Real Estate License ID: 379858
    (740) 446-3644
    Learn more
    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.