Live-Work Property with
For Sale
$76,000
5755 St Rt 139, Lucasville, OH 45648
Commercial Sale, Lucasville, OH
Property Size1,350 SF
Lot Size0.33 Acres
Price / SF$56.30
Days on Market39
Property Features for 5755 St Rt 139
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
429 Ot Retail
Subdivision
Clay
Standard status
Active
APN
05-1982.000
Size
1,350 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
SOMMERS S. D. WHOLE 50 X 288 LOT 31 MAP 07-001 575
Tax Annual Amount
662
Legal Description
SOMMERS S. D. WHOLE 50 X 288 LOT 31 MAP 07-001 575
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Wood
Amenities
gated arched Mediterranean entryway
covered porch
reception area
galley kitchen
private bath
wood burner
2 bay garage or workshop
Building Details
Year built
1957
Flooring type
Concrete
Roof type
Metal
Listing Agency:
REAL ESTATE GALLERY, INC.
(740) 574-9902
Listed By:
Wyatt Bates
(740) 352-6204
Added: Jul 27
Changed: Aug 25
Last Checked: Sep 3 at 5:06AM
MLS# 155723
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 1,350-square-foot live-work property, built in 1957, combines a finished office or residential section with a practical workshop area. The front portion includes reception space, an open office or living and dining area, a galley kitchen, a private bathroom, and additional storage or flex space. The balance of the building provides a two-bay garage or studio layout that runs from the front to the rear and includes support columns. Electric and wood heat serve the building, with concrete flooring, a metal roof, and public sewer.
A gated arched entry and covered porch introduce the property, while the rear offers a level 0.326-acre lot. The building is located at 5755 St Rt 139 in Lucasville, Ohio, and is identified with 429 Ot Retail zoning.
A gated arched entry and covered porch introduce the property, while the rear offers a level 0.326-acre lot. The building is located at 5755 St Rt 139 in Lucasville, Ohio, and is identified with 429 Ot Retail zoning.
Key Highlights
- 1,350 SF live‑work building on a 0.326‑acre lot
- Two‑bay garage or workshop extending from front to rear
- Office or residential area with reception space, galley kitchen, private bath, and storage
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
$5,795
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
7.63%
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%
$115,900
$115.9K
Cap Rate 7%
$82,786
$82.8K
Cap Rate 9%
$64,389
$64.4K
Market Conditions
NOI Build-Up for 1,350 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
$8.6K $6.36/SF
− Vacancy
−$307 −$0.23/SF
EGI
$8.3K $6.13/SF
− OpEx
−$2.5K −$1.84/SF
NOI
$5.8K $4.29/SF
Area
Scioto County, OH
Vacancy
3.58%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
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%
$115,900
Cap Rate 7%
$82,786
Cap Rate 9%
$64,389
Alternative Uses
Best Use
Office B
$236.4K
$206.9K – $275.9K
NOI $16,551 @ 7.0% cap · market cap 21.78%
Second Best
Retail
$82.8K
$72.4K – $96.6K
NOI $5,795 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$287.3K
$251.4K – $335.2K
NOI $20,110 @ 7.0% cap · market cap 26.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 45648, OH
11,211
Population
4,834
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
88%
High-School Grad
139.5 sq mi
ZIP Area
80
Density / Sq Mi
$69,065
Median Household Income
$41,591
Median Earnings
$849
Median Rent
$154,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Flexible interior combines office or residential space with an open garage area.
Where is this live-work space located?
The property is located at 5755 St Rt 139 Lucasville, OH.
What is the asking price?
The asking price for this property is $76,000.
What are key features of this property?
This property features: 1,350 SF live‑work building on a 0.326‑acre lot; Two‑bay garage or workshop extending from front to rear; Office or residential area with reception space, galley kitchen, private bath, and storage
