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    The Largest CRE Database in the US with Over 1 Million Listings

    2239 State Route 141 Gallipolis, OH 45631

    Sponsored
    For Sale
    $199,900

    Commercial Building - Gallipolis, OH

    Property size:
    2,016 SF
    Lot size:
    0.68 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 23 at 5:06 pm

    Property Features for 2239 State Route 141

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    00800158605,0080015
    Interior features
    Flooring- Carpet, Flooring- Tile
    Exterior features
    Gutters & Downspouts, Minerals-per Owner, Close Access To Highway
    Size
    2,016 SF
    Lot size
    0.68 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Flooring type
    Carpet, Tile
    Building materials
    Block, Stone
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Carolyn Wasch

    Wiseman Real Estate Inc. (740) 446-3644

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

    Listing date Feb 23, 2026

    MLS# 2434510 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

    Versatile Commercial Building Near Gallipolis

    This commercial building, located approximately 2 miles from Gallipolis in Centenary, Ohio, offers potential for various uses, including a home, duplex, food service establishment, or florist shop. Currently operating as a salon and boutique, this business could be continued by the new owner. The building features an open floor plan with a reception area, retail space, custom wood cabinetry, four styling stations, and a two-sink shampoo area. A drying area with three chairs, a massage or tanning room, and a break room equipped with a stackable washer/dryer, refrigerator, microwave, and sink are also included. The boutique area contains a glass jewelry case, a three-drawer table, two six-shelf units, and two attached wall shelves. Two bathrooms are available, one of which is handicapped accessible. The building is equipped with a built-in radio and speaker system. A large parking area provides level entry to the building. The property includes a full unfinished basement. The roof was replaced in 2019, and newer steps, decking, and some rails lead to the basement. The lot size is approximately 0.68 acres. The building has AEP Electric, city water, and public sewer. The property has 2016 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon HVAC Service Grocery & Convenience Store Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gallipolis
    County
    Gallia
    State
    Ohio
    Longitude
    -82.2522286
    Latitude
    38.7986702

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    FAQs

    What type of property is this?
    Retail space - Commercial building with potential for various uses near Gallipolis, OH.
    Where is this retail space located?
    The property is located at 2239 State Route 141 Gallipolis, OH.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Versatile property suitable for home, duplex, or business (salon/boutique, food service, florist).; - Established salon and boutique business opportunity available (inventory included for $224,900).; - Convenient location: 2 miles from Gallipolis in Centenary.
    (740) 446-3644
    Request Owner's contact information
    2239 State Route 141 Gallipolis, OH 45631
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    Gallipolis, OH 45631
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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.

    More about this property
    2239 State Route 141 Gallipolis, OH 45631
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    We can help!
    Listing Contact
    Carolyn Wasch
    Real Estate License ID: 379858
    (740) 446-3644
    Learn more
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