Office Building with Detached
For Sale
$549,900
8407 Downtown Hayport Road, Wheelersburg, OH 45694
Commercial Sale, Wheelersburg, OH
Property Size3,200 SF
Lot Size0.75 Acres
Price / SF$171.84
Days on Market135
Property Features for 8407 Downtown Hayport Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Wheelersburg
Standard status
Active
APN
17-4240.000
Size
3,200 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
Maple Terrace Pt. 0.747 Lot3
Tax Annual Amount
6776
Legal Description
Maple Terrace Pt. 0.747 Lot3
Amenities
reception area
break room
handicap entrance
handicap accessible bathrooms
detached garage
storage units
outside lights
Building Details
Year built
1978
Listing Agency:
Euton Realty
Listed By:
Robyn Marsh
(740) 574-2519
Added: Apr 23
Changed: Aug 25
Last Checked: Sep 4 at 11:06AM
MLS# 155457
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 3,200-square-foot office building, constructed in 1978, includes six private office rooms, a reception foyer, break room, and two half baths. The interior configuration supports separation into two office areas, with a side entrance designed for handicap access. The property also includes a detached garage with two storage rooms and on-site parking.
The 0.747-acre parcel carries Commercial zoning and is located at 8407 Downtown Hayport Road in Wheelersburg, Ohio. Building systems include two Trane heat pumps or furnaces installed in 2014, two hot water tanks, separate gas and electric meters, and two separate 100 amp breakers. Two AEP exterior lights serve the site.
The 0.747-acre parcel carries Commercial zoning and is located at 8407 Downtown Hayport Road in Wheelersburg, Ohio. Building systems include two Trane heat pumps or furnaces installed in 2014, two hot water tanks, separate gas and electric meters, and two separate 100 amp breakers. Two AEP exterior lights serve the site.
Key Highlights
- 3,200 square feet on a 0.747‑acre Commercial‑zoned parcel
- Six office spaces, reception foyer, break room, and two half baths
- Detached 1,214 Sq Ft garage with two storage rooms
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
$39,231
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
7.13%
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%
$784,620
$784.6K
Cap Rate 7%
$560,443
$560.4K
Cap Rate 9%
$435,900
$435.9K
Market Conditions
NOI Build-Up for 3,200 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
$68.7K $21.48/SF
− Vacancy
−$16.4K −$5.13/SF
EGI
$52.3K $16.35/SF
− OpEx
−$13.1K −$4.09/SF
NOI
$39.2K $12.26/SF
Area
Scioto County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$784,620
Cap Rate 7%
$560,443
Cap Rate 9%
$435,900
Alternative Uses
Best Use
Office B
$560.4K
$490.4K – $653.9K
NOI $39,231 @ 7.0% cap · market cap 7.13%
Second Best
Healthcare Medical
$544.5K
$476.5K – $635.3K
NOI $38,116 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 45694, OH
11,783
Population
5,397
Households
2.2
Avg Household Size
43
Median Age
24%
College-Educated
93%
High-School Grad
67.9 sq mi
ZIP Area
174
Density / Sq Mi
$64,482
Median Household Income
$40,689
Median Earnings
$784
Median Rent
$197,500
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?
Office building - Six offices, two half baths, and a divided layout support flexible professional operations.
Where is this office building located?
The property is located at 8407 Downtown Hayport Road Wheelersburg, OH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,200 square feet on a 0.747‑acre Commercial‑zoned parcel; Six office spaces, reception foyer, break room, and two half baths; Detached 1,214 Sq Ft garage with two storage rooms
