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    Property profile & analytics

    62240 Bailey Rd Barnesville, OH 43713

    • Retail space
    • 5,240 SF
    • 2.78 lot acres
    OFF-MARKET
    Last Sale
    Apr 05, 2024
    $600,000
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    6.5%
    Retail space
    Location Intelligence
    Property ID
    US66-1671454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 62240 Bailey Rd

    Year built
    1977
    Lot size
    2.78 lot acres
    Property size
    5,240 SF
    Property type
    Retail space
    APN
    41-00868-000
    APU
    4100868000

    Description

    This exceptional single-tenant retail property, located at 62240 Bailey Road, boasts 5,240 square feet of versatile space. The building is ideally suited for a variety of retail businesses, featuring a spacious showroom, dedicated office area, substantial warehouse space, and convenient loading docks equipped with a 12x12 bay door. Its prime location along highly visible Route 147 ensures excellent exposure and accessibility, complemented by ample parking for customers and employees. The property sits on a 2.78-acre lot (APN 41-00868-000) and benefits from a comprehensive security system and recent upgrades designed to maximize energy efficiency and minimize utility costs. This is a triple net lease opportunity, with the landlord responsible for maintaining the roof and parking lot, providing a streamlined and predictable operating expense structure for the tenant. The property's combination of size, location, and features makes it an attractive investment opportunity for discerning businesses seeking a prominent retail presence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $600,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $650,000
      6.5%
      $600,000
      7%
      $555,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Barnesville
    County
    Belmont
    State
    Ohio
    Longitude
    -81.1462
    Latitude
    39.996
    CBSA code
    48540
    CBSA name
    WHEELING, WV-OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,324
    $13,160
    $16,233
    $29,393
    -
    $37,600
    $46,380
    $83,980

    Comparable in this City

    • Value Estimation
      $225,000
      0.03 Acres

      113 Main St

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      113 Main St, Barnesville, OH 43713-1031
      View Details
    • Value Estimation
      $240,000
      4,628 SF

      114 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,628 SF
      114 Main St, Barnesville, OH 43713-1066
      View Details
    • Value Estimation
      $475,000
      9,016 SF

      140 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 9,016 SF
      140 Chestnut St, Barnesville, OH 43713-1321
      View Details
    • Value Estimation
      $515,000
      28,885 SF

      315 Gardner St

      RETAIL STORES (PERSONAL SERVICES) • 28,885 SF
      315 Gardner St, Barnesville, OH 43713-1379
      View Details
    • Value Estimation
      $75,000
      6,214 SF

      157 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,214 SF
      157 Main St, Barnesville, OH 43713-1080
      View Details
    • Value Estimation
      $150,000
      4,000 SF

      301 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      301 Main St, Barnesville, OH 43713-1033
      View Details

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    • Contact for pricing

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    Similar Nearby for Lease

    • $1,300 /Mo
      37,897 SF

      Barnesville Commercial Building For Lease

      2,600 SF commercial building in a highly visible location.
      62190 Bailey Rd Unit, Barnesville, OH 43713
      View Details
    • $1,500 /Mo
      37,897 SF

      Commercial Building in Prime Location

      2,600 sq ft commercial building in a well-traveled location.
      62190 Bailey Rd Unit, Barnesville, OH 43713
      View Details
    • $1,350 /Mo
      1,200 SF

      Downtown Commercial Space Available

      Commercial space for rent in downtown Barnesville, Ohio.
      123 N Chestnut St, Barnesville, OH 43713
      View Details
    • $4,000 /Mo
      5,240 SF

      Versatile Commercial Space for Lease

      5240 sq ft showroom, office, and warehouse space available.
      62240 Bailey Rd, Barnesville, OH 43713
      View Details
    • $7,500 /Mo
      14,000 SF

      Belmont County Commercial Space Available

      14,000 sq ft commercial space with shop and office.
      37245 Barnesville Bethesda Rd, Barnesville, OH 43713
      View Details
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    Barnesville, OH 43713
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    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
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