Live-Work Space with
For Sale
$76,000
1-5755 N State Route 139, Lucasville, OH 45648
Flexible property combines residential-style accommodations, office space, and a front-to-rear garage or workshop.
Property Size1,350 SF
Price / SF$56.30
Days on Market81
Property Features for 1-5755 N State Route 139
General Information
Standard status
Active
Size
1,350 SF
Additional Details
Road Access
Yes
Service Bays
2
Taxes and HOA fees
Annual Taxes
$661
Building Details
Buildings
1
Listing Agency:
REAL ESTATE GALLERY, INC.
(740) 574-9902
Listed By:
Wyatt Bates
(740) 352-6204
Source:
Exprealty
Added: Jul 27
Changed: Oct 3
Last Checked: Oct 15 at 1:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REAL ESTATE GALLERY, INC.
Investment Insights
Based on property information with market context.
This live-work property combines a residential-style area with commercial workspace in a flexible building configuration. The front entry includes a gated, arched Mediterranean-style approach and covered porch, leading into a reception area. One side contains an open office or living and dining area, galley kitchen, private bathroom, and additional storage or room for a second office or bedroom. Heating in this section is provided by a wood burner or electric service.
The balance of the building functions as a two-bay garage or workshop with access from front to rear. A pair of support columns separates the open area, which is currently arranged for use as an artist studio, mechanics garage, and storage space alongside the residence. The building also features owner-crafted exterior and interior details, with a large level lot behind the structure.
The balance of the building functions as a two-bay garage or workshop with access from front to rear. A pair of support columns separates the open area, which is currently arranged for use as an artist studio, mechanics garage, and storage space alongside the residence. The building also features owner-crafted exterior and interior details, with a large level lot behind the structure.
Key Highlights
- Live‑work layout with residential‑style area and commercial workspace
- Two‑bay garage or workshop open from front to rear
- Office or living/dining area with galley kitchen and private bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,795
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,900
$115.9K
Cap Rate 7%
$82,786
$82.8K
Cap Rate 9%
$64,389
$64.4K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$8.6K $6.36/SF
− Vacancy
−$307 −$0.23/SF
EGI
$8.3K $6.13/SF
− OpEx
−$2.5K −$1.84/SF
NOI
$5.8K $4.29/SF
Area
Scioto County, OH
Vacancy
3.58%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$115,900
Cap Rate 7%
$82,786
Cap Rate 9%
$64,389
Alternative Uses
Best Use
Office B
$236.4K
$206.9K – $275.9K
NOI $16,551 @ 7.0% cap · market cap 21.78%
Second Best
Retail
$82.8K
$72.4K – $96.6K
NOI $5,795 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$287.3K
$251.4K – $335.2K
NOI $20,110 @ 7.0% cap · market cap 26.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 45648, OH
11,211
Population
4,834
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
88%
High-School Grad
139.5 sq mi
ZIP Area
80
Density / Sq Mi
$69,065
Median Household Income
$41,591
Median Earnings
$849
Median Rent
$154,600
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?
Live-work space - Flexible property combines residential-style accommodations, office space, and a front-to-rear garage or workshop.
Where is this live-work space located?
The property is located at 1-5755 N State Route 139 Lucasville, OH.
What is the asking price?
The asking price for this property is $76,000.
What are key features of this property?
This property features: Live‑work layout with residential‑style area and commercial workspace; Two‑bay garage or workshop open from front to rear; Office or living/dining area with galley kitchen and private bath
