Coworking Space with
For Sale
$1,300,000
1-613 Chillicothe St, Portsmouth, OH 45662
Furnished offices include utilities, internet, and phone service, alongside shared meeting rooms and lounge areas.
Property Size9,086 SF
Price / SF$143.08
Days on Market12
Property Features for 1-613 Chillicothe St
General Information
Standard status
Active
Size
9,086 SF
Occupancy
90%
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,644
Amenities
conference rooms
lounge areas
beverage station
rear deck
kitchens
bathrooms
shower
washer/dryer
mail station
print station
office supplies
utilities included
phone line
Building Details
Tenancy
Multi
Listing Agency:
OPTIMUM REALTY
(740) 353-6784
Listed By:
ANNA JOHNSON
(740) 727-8824
Source:
Exprealty
Added: Sep 25
Changed: Oct 4
Last Checked: Oct 5 at 11:47PM
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 OPTIMUM REALTY
Investment Insights
Based on property information with market context.
This 9,086-square-foot coworking property combines furnished office suites with a remodeled upstairs apartment measuring 1,020sf. The office offering accommodates 20 businesses and is about 10% vacant. Tenant services include utilities, internet, and a phone line, with access to two conference rooms equipped for casting presentations to a large TV. Multiple lounge areas provide additional casual meeting space.
Shared facilities include three kitchens, four bathrooms, a beverage station, and a rear deck. One bathroom has a shower, and another includes a washer and dryer. A mail area features a postage machine, while the print station is stocked with basic office supplies.
Shared facilities include three kitchens, four bathrooms, a beverage station, and a rear deck. One bathroom has a shower, and another includes a washer and dryer. A mail area features a postage machine, while the print station is stocked with basic office supplies.
Key Highlights
- 9,086‑square‑foot coworking property with a remodeled 1,020sf upstairs apartment
- Office capacity for 20 businesses; approximately 10% vacancy
- Furnished offices include utilities, internet, and a phone line
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,392
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,227,840
$2.2M
Cap Rate 7%
$1,591,314
$1.6M
Cap Rate 9%
$1,237,689
$1.2M
Market Conditions
NOI Build-Up for 9,086 SF
Gross rent
$195.2K $21.48/SF
− Vacancy
−$46.6K −$5.13/SF
EGI
$148.5K $16.35/SF
− OpEx
−$37.1K −$4.09/SF
NOI
$111.4K $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 Rate 5%
$2,227,840
Cap Rate 7%
$1,591,314
Cap Rate 9%
$1,237,689
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,392 @ 7.0% cap · market cap 8.57%
Second Best
Mixed Use
$434.5K
$380.2K – $506.9K
NOI $30,416 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,350 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Explore this area
Business Placement
Demographics for 45662, OH
27,718
Population
12,955
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
55.5 sq mi
ZIP Area
499
Density / Sq Mi
$37,345
Median Household Income
$30,399
Median Earnings
$756
Median Rent
$98,100
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?
Coworking space - Furnished offices include utilities, internet, and phone service, alongside shared meeting rooms and lounge areas.
Where is this coworking space located?
The property is located at 1-613 Chillicothe St Portsmouth, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 9,086‑square‑foot coworking property with a remodeled 1,020sf upstairs apartment; Office capacity for 20 businesses; approximately 10% vacancy; Furnished offices include utilities, internet, and a phone line
