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    Four-Level Downtown Office Building Title is generated by Realmo AI

    927 Wheeling Avenue, Cambridge, OH 43725

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    For Sale
    $829,000

    SINGLE_FAMILY - Cambridge, OH

    Type:Office
    Property size:
    13,945 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $59/SF
    Added:
    Jun 12, 2025
    Days on Market:
    359
    Last Refresh:
    Jun 5 at 2:06 am

    Property Features for 927 Wheeling Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Rooms
    Basement
    Parking features
    On Street
    Standard status
    Active
    APN
    06-0000776.000
    Size
    13,945 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    R3 T2 SA03-18 W PT 45
    Tax Annual Amount
    12654

    Utilities

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

    Building Details

    Year built
    1900
    Roof type
    Flat, Rubber

    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 Jun 12, 2025

    MLS# 5128986

    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.

    HighLights

    • Prime location in the heart of historical downtown Cambridge, near the courthouse, banks, and restaurants.
    • Large, versatile office space totaling 13,945 sf across four levels.
    • Suites range from 140 to 3616 square feet, accommodating diverse business needs.
    • On‑site parking, a highly valuable amenity in the downtown area.
    • Suitable for various uses, including professional firms, co‑working spaces, and investment opportunities.
    • Well‑maintained building with forced air heating, central air cooling, and public water/sewer.

    Overview

    This well-maintained commercial office building offers four levels of versatile space totaling 13,945 sf. The property is configured for a range of tenant and operating needs, with suites sized from 140 sf up to 3,616 sf. Each level supports its own variety of uses, making the building adaptable for firms looking for defined space as well as operators seeking flexible arrangements.

    Set in historical downtown Cambridge, the building is centrally located within minutes of the Guernsey County Courthouse, major banks, and popular restaurants, along with other amenities of the central business district. With its prominent downtown setting, it also benefits from on-site parking, an important convenience for employees and visitors.

    The combination of varied suite sizes, multi-level configuration, and convenient downtown access makes the property well-suited for professional firms, co-working concepts, or investors seeking an office asset with multiple potential business models. Whether you’re establishing a presence or expanding operations, the building’s practical layout and maintained condition support a range of occupancy and ownership strategies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cambridge Chiropractic Health ... Alternative Medicine Practice Techniques Studio of Dance Training Center Judd Worthington Birch Alternative Medicine Practice Dr. Judd Birch Alternative Medicine Practice Howard Hanna Real ... Real Estate Agency

    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
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.587308
    Latitude
    40.0249729

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    FAQs

    What type of property is this?
    Office building - Versatile, well-maintained office building with multiple suite sizes and on-site parking for professional use or flexible co-working.
    Where is this office building located?
    The property is located at 927 Wheeling Avenue Cambridge, OH.
    What is the asking price?
    The asking price for this property is $829,000.
    What are key features of this property?
    This property features: Prime location in the heart of historical downtown Cambridge, near the courthouse, banks, and restaurants.; Large, versatile office space totaling 13,945 sf across four levels.; Suites range from 140 to 3616 square feet, accommodating diverse business needs.
    (740) 260-2384
    We can help!
    Listing Contact
    Rebecca D Jeffery
    Rebecca D Jeffery
    Real Estate License ID: 2014003128
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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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