Mixed-Use Property with Loading
For Sale
$450,000
3972 Gallia Street, New Boston, OH 45662
Commercial Sale, New Boston, OH
Property Size11,300 SF
Lot Size0.70 Acres
Price / SF$39.82
Days on Market71
Property Features for 3972 Gallia Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
420 retail
Subdivision
New Boston
Standard status
Active
APN
28-0790.000 +5 more
Size
11,300 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Description
YORKTOWN WH LOT 454 E PT LOT 453
Tax Annual Amount
7062
Legal Description
YORKTOWN WH LOT 454 E PT LOT 453
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
loading dock
high ceilings
half baths
Building Details
Year built
1920
Roof type
Rubber, Metal
Listing Agency:
OPTIMUM REALTY
(740) 353-6784
Listed By:
ANNA JOHNSON
(740) 727-8824
Added: Jun 25
Changed: Aug 25
Last Checked: Sep 3 at 6:06AM
MLS# 155620
Copyright © 2026 Greater Portsmouth Area Multiple Listing Service. 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.
This two-story mixed-use property contains approximately 11,300 square feet on 0.7022 acres. The building includes an exposed brick interior, high ceilings, two half baths on the main level, and a loading dock at the rear. Natural gas heat, central air, public water, public sewer, and a metal and rubber roof are in place.
The main level is divided between an arcade and game room used for private parties and retail space occupied by three separate businesses. The second floor includes a tattoo shop with a shared employee half bath and a laser tag area. The property is positioned at the corner of US 52 West and Center Street in New Boston, within the Ohio, Kentucky, and West Virginia Tri-State area. Zoning is identified as 420 retail.
The main level is divided between an arcade and game room used for private parties and retail space occupied by three separate businesses. The second floor includes a tattoo shop with a shared employee half bath and a laser tag area. The property is positioned at the corner of US 52 West and Center Street in New Boston, within the Ohio, Kentucky, and West Virginia Tri-State area. Zoning is identified as 420 retail.
Key Highlights
- Approximately 11,300 square feet of usable commercial space
- 0.7022‑acre parcel with ample parking
- Rear loading dock supports building operations
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
$37,827
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
8.41%
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%
$756,540
$756.5K
Cap Rate 7%
$540,386
$540.4K
Cap Rate 9%
$420,300
$420.3K
Market Conditions
NOI Build-Up for 11,300 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
$66.2K $5.86/SF
− Vacancy
−$5.7K −$0.50/SF
EGI
$60.5K $5.36/SF
− OpEx
−$22.7K −$2.01/SF
NOI
$37.8K $3.35/SF
Area
Scioto County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
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%
$756,540
Cap Rate 7%
$540,386
Cap Rate 9%
$420,300
Alternative Uses
Best Use
Retail
$693.0K
$606.3K – $808.5K
NOI $48,507 @ 7.0% cap · market cap 10.78%
Second Best
Mixed Use
$540.4K
$472.8K – $630.5K
NOI $37,827 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$2.40M
$2.10M – $2.81M
NOI $168,331 @ 7.0% cap · market cap 37.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 29%
Home Improvements & Furnishings 22%
Apparel 16%
Ollie's Bargain Outlet
Shops & Services
11,457 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
8,111 visits/mo
0.2 miles
KFC
Dining
7,978 visits/mo
0.1 miles
Hibbett Sports
Apparel
5,382 visits/mo
0.3 miles
Tudor's Biscuit World
Dining
3,770 visits/mo
0.2 miles
Demographics for 45662, OH
27,718
Population
12,955
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
55.5 sq mi
ZIP Area
499
Density / Sq Mi
$37,345
Median Household Income
$30,399
Median Earnings
$756
Median Rent
$98,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial building combines retail, entertainment, and service space with on-site parking.
Where is this mixed-use property located?
The property is located at 3972 Gallia Street New Boston, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 11,300 square feet of usable commercial space; 0.7022‑acre parcel with ample parking; Rear loading dock supports building operations
