Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    61501 Southgate Cambridge, OH 43725

    View on Map
    For Lease
    $6,250 /Mo

    COMMERCIAL - Cambridge, OH

    Type:Office
    Lot size:
    1.00 Acre
    Added:
    Sep 9, 2025
    Days on Market:
    205
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 61501 Southgate

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking
    20
    Standard status
    Active
    APN
    07-0007933.000
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2004

    We can help!

    Listing Contact
    Rebecca D Jeffery
    Rebecca D Jeffery

    Listing agent Rebecca D Jeffery License #2014003128

    Listing office Carol Goff & Associates 648 Wheeling Ave. Suite B, Zanesville, OH

    Listing date Sep 9, 2025

    MLS# 5152615

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cambridge Office Space For Rent

    This office space is situated in the high-traffic Walmart Plaza. The property offers more than 5000 square feet of office space and is located minutes from interstate access and adjacent to a major industrial park. This location offers visibility and convenience for clients and employees. The versatile space is suitable for professional services, administrative offices, or satellite operations. The lease is a gross lease, with all expenses included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Universal Network Developement ... Corporate Office Bureau-Worker's Compensation Social Service Agency

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Restaurant Hair Salon Big Box & Wholesale Store Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.5759695
    Latitude
    39.9921309

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Commercial Space in Cambridge

      Well-maintained commercial property suitable for various business uses.
      2325 E Wheeling Avenue, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Cambridge Commercial Property For Lease

      Two buildings totaling 3,300 sq ft on 2 acres.
      11445 East Pike, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Accessible Office Space For Rent

      Cost-effective office space with ample parking and interstate access.
      9711 E Pike Road unit: 101, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Spacious Office Space Near Interstate

      4,000 sq ft office space near the interstate.
      10150 E Pike Road, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Stand-Alone Office Building For Lease

      Office building near I-70 available for immediate occupancy.
      6105 Fairdale Drive, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Downtown Cambridge Commercial Property

      Commercial property in downtown Cambridge, ideal for various business uses.
      927 Wheeling Avenue, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Renovated Office Space for Lease

      9,800 SF commercial office, ideal for mental health facility.
      2050 E Wheeling Avenue, Cambridge, OH 43725
      View Details
    • $10/mo

      Downtown Cambridge Office Space Available

      Office space for lease in downtown Cambridge, Ohio.
      749 Wheeling Avenue, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Versatile Warehouse/Shop Near Interstate

      6,000 sq ft commercial warehouse/shop near the interstate.
      1340 Oxford Avenue unit: C, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Cambridge Office Space For Lease

      Office space with six offices, conference room, and reception area.
      1225 Woodlawn Avenue unit: 102, Cambridge, OH 43725
      View Details
    • $20/mo

      Cambridge Commercial Property with Drive-Through

      Versatile commercial property in high-traffic area with drive-through window.
      1821 E Wheeling Avenue, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available with utilities and maintenance included.
      1225-B Woodlawn Avenue, Cambridge, OH 43725
      View Details

    FAQs

    What type of property is this?
    Office units - Conveniently located office space in high-traffic Walmart Plaza.
    Where is this office units located?
    The property is located at 61501 Southgate Cambridge, OH.
    What is the lease rate?
    The lease rate is $6,250 /Mo.
    What are key features of this property?
    This property features: High‑traffic location in Walmart Plaza offers exceptional visibility and convenience.; Gross lease includes all expenses, simplifying budgeting.; Over 5000 sf of versatile office space suitable for various professional uses.
    (740) 260-2384
    We can help!
    Listing Contact
    Rebecca D Jeffery
    Rebecca D Jeffery
    Real Estate License ID: 2014003128
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!