For Sale
$699,900
392 State Route 7, Gallipolis, OH 45631
High-traffic location suitable for retail, restaurant, or business operations.
Property Size2,268 SF
Lot Size1.00 Acre
Price / SF$308.60
Days on Market262
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
Listed By:
Melissa Bowman
(740) 446-3644
Added: Feb 1
Changed: Jun 25
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,826
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,520
$556.5K
Cap Rate 7%
$397,514
$397.5K
Cap Rate 9%
$309,178
$309.2K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$38.6K $17.04/SF
− Vacancy
−$1.5K −$0.68/SF
EGI
$37.1K $16.36/SF
− OpEx
−$9.3K −$4.09/SF
NOI
$27.8K $12.27/SF
Area
Gallia County, OH
Vacancy
4.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,520
Cap Rate 7%
$397,514
Cap Rate 9%
$309,178
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
182
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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.
