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    Wheelersburg Commercial Property For Sale Title is generated by Realmo AI

    8407 Downtown Hayport Road, Wheelersburg, OH 45694

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    For Sale
    $585,000

    Commercial Sale - Wheelersburg, OH

    Property size:
    3,200 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $182/SF
    Added:
    Mar 20, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 8407 Downtown Hayport Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    17-4240.000
    Size
    3,200 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6776.08

    Utilities

    Heating system
    Electric (Heating), Natural Gas

    Building Details

    Year built
    1978
    Flooring type
    Concrete
    Building materials
    Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Robyn Marsh

    Listing agent Robyn Marsh

    Listing office Euton Realty - W 8059 Ohio River Rd, Wheelersburg, OH

    Listing date Mar 20, 2026

    MLS# 155377 Listing URL

    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.

    HighLights

    • Excellent condition and well‑maintained commercial building, currently operating as a nursing and health care facility.
    • Layout suitable for two separate offices with multiple large office spaces.
    • Includes a large detached garage with two storage units (1,214 Sq Ft).
    • Two separate Trane heat pumps/furnaces (new in 2014), two hot water tanks, and separate gas and electric meters.
    • Handicap accessible with a handicap entrance and two half baths.
    • Ample on‑site parking.

    Overview

    This commercial property, currently operating as Alternative Nursing and Health Care, is available for sale. The building is in excellent condition and features a spacious reception area. It is equipped with two separate Trane heat pumps/furnaces installed in 2014, two hot water tanks, and separate gas and electric meters. The property includes two separate 100 amp breakers and one handicap entrance. The layout comprises six large office spaces and two half baths that are handicap accessible, each measuring 5'11 x 6'10. Office dimensions are as follows: 11 x 16'3, 16'3 x 23, 16'8 x 15'6, 15'5 x 16'9, 16'4 x 32'10, and 15'8 x 17'2. A detached garage measures 24'3 x 29'10 and includes two storage rooms, one 29'10 x 11'5 and the other 15' x 11'5, totaling 1,214 square feet. The property is situated on a 0.747-acre lot and offers plenty of on-site parking, along with a side handicap entrance and two AEP outside lights. The 3,200 square foot property is designed to accommodate two separate offices and includes a break room. Located in Wheelersburg, OH, this property could have many functions.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $68.7k $21.48
    − Vacancy −$16.4k −$5.13
    EGI $52.3k $16.35
    − OpEx −$13.1k −$4.09
    NOI $39.2k $12.26
    3,200 SF · lease $21.48/SF/yr · vacancy 23.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $560.4K
    $490.4K – $653.9K (±1% cap)
    NOI $39,231 @ 7.0% cap · market cap 6.71%
    Second Best
    Healthcare Medical
    $544.5K
    $476.5K – $635.3K (±1% cap)
    NOI $38,116 @ 7.0% cap · market cap 6.52%
    Theoretical Best
    Office A
    $681.0K
    $595.9K – $794.5K (±1% cap)
    NOI $47,669 @ 7.0% cap · market cap 8.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Healthcare properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wheelersburg
    County
    Scioto
    State
    Ohio
    Longitude
    -82.7819
    Latitude
    38.7507

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    FAQs

    What type of property is this?
    Healthcare property - Commercial property in excellent condition, suitable for various business functions.
    Where is this healthcare property located?
    The property is located at 8407 Downtown Hayport Road Wheelersburg, OH.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: Excellent condition and well‑maintained commercial building, currently operating as a nursing and health care facility.; Layout suitable for two separate offices with multiple large office spaces.; Includes a large detached garage with two storage units (1,214 Sq Ft).
    (740) 574-2519
    We can help!
    Listing Contact
    Robyn Marsh
    Request Owner's contact information
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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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    8407 Downtown Hayport Road, Wheelersburg, OH 45694
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