392 State Route 7 Gallipolis, OH 45631
392 State Route 7, Gallipolis, OH, 45631
$699,900
For Sale
$699,900
High-traffic location suitable for retail, restaurant, or business operations.
Property Size2,268 SF
Lot Size1.00 Acre
Price / SF$308.60
Days on Market170
Property Features for 392 State Route 7
General Information
- Standard status
- Active
- Property type
- Retail space, Individual retail properties, Retail properties & Spaces, Office Units, Office Spaces, Restaurants, Other restaurants, Commercial real estate, Other individual retail properties
- Size
- 2,268 SF
- Lot size
- 1.00 Acre
Building Details
- Year Built
- 1960
Listing agency
(740) 446-3644
Listed by
Melissa
(740) 446-3644
Added: Feb 1 Updated: Jun 25 at 10:28AM
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $17.04 |
| − Vacancy | −$1.5k | −$0.68 |
| EGI | $37.1k | $16.36 |
| − OpEx | −$9.3k | −$4.09 |
| NOI | $27.8k | $12.27 |
2,268 SF · lease $17.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$397.5K
$347.8K – $463.8K
NOI $27,826 @ 7.0% cap · market cap 3.98%
Second Best
Office B
$397.2K
$347.6K – $463.4K
NOI $27,805 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$456.8K
$399.7K – $533.0K
NOI $31,978 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - High-traffic location suitable for retail, restaurant, or business operations.
Where is this retail space located?
The property is located at 392 State Route 7 Gallipolis, OH.
What is the asking price?
The asking price for this property is $699,900.
