Healthcare-Configured Office
For Sale
$549,900
1-8407 Hayport Rd, Wheelersburg, OH 45694
Well-maintained building with reception area, six offices, and handicap-accessible entrances, plus detached garage and parking.
Property Size3,200 SF
Price / SF$171.84
Days on Market143
Property Features for 1-8407 Hayport Rd
General Information
Standard status
Active
Size
3,200 SF
Additional Details
Office Units
6
Taxes and HOA fees
Annual Taxes
$6,776
Listing Agency:
Euton Realty
Listed By:
Robyn Marsh
(740) 574-2519
Source:
Exprealty
Added: Apr 23
Changed: Sep 8
Last Checked: Sep 11 at 5:05PM
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 Euton Realty
Investment Insights
Based on property information with market context.
This building is currently operating as alternative nursing and health care and is reported to be in excellent condition. Inside, it offers a spacious reception area and a layout that includes a large foyer and multiple private rooms suitable for offices. The space is described as having six large office spaces, two half baths, and a break room. Practical systems and utilities include two Trane heat pumps/furnaces installed new in 2014, two hot water tanks, and separate gas and electric meters, along with two separate 100-amp breakers. Handicap accessibility is provided via a handicap entrance and an additional side handicap entrance.
The property includes an on-site detached garage with two storage units. The detached structure is described as 24'3 x 29'10, with storage room dimensions of 29'10 x 11'5 and 15' x 11'5 (plus a listed 1,214 sq. ft.). Exterior features include two AEP outside lights and plenty of on-site parking. The building is located at 1-8407 Hayport Rd, Wheelersburg, OH.
For tenants or operators, the existing office-room configuration supports a professional services layout, and the building is already set up so it can function as two separate offices. The combination of multiple rooms, handicap-accessible entries, and dedicated storage in the detached garage can be a strong fit for healthcare-adjacent uses that require privacy, reception, and manageable back-office space.
The property includes an on-site detached garage with two storage units. The detached structure is described as 24'3 x 29'10, with storage room dimensions of 29'10 x 11'5 and 15' x 11'5 (plus a listed 1,214 sq. ft.). Exterior features include two AEP outside lights and plenty of on-site parking. The building is located at 1-8407 Hayport Rd, Wheelersburg, OH.
For tenants or operators, the existing office-room configuration supports a professional services layout, and the building is already set up so it can function as two separate offices. The combination of multiple rooms, handicap-accessible entries, and dedicated storage in the detached garage can be a strong fit for healthcare-adjacent uses that require privacy, reception, and manageable back-office space.
Key Highlights
- Commercial building operating as alternative nursing and health care
- Spacious reception and six large office spaces, plus break room
- Foyer dimensions 15' x 21' and offices include 11' x 16'3 and 16'3 x 23, plus additional office sizes listed
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
$25,842
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
4.70%
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%
$516,840
$516.8K
Cap Rate 7%
$369,171
$369.2K
Cap Rate 9%
$287,133
$287.1K
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
$51.1K $15.96/SF
− Vacancy
−$4.1K −$1.28/SF
EGI
$47.0K $14.68/SF
− OpEx
−$21.1K −$6.61/SF
NOI
$25.8K $8.08/SF
Area
Scioto County, OH
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
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%
$516,840
Cap Rate 7%
$369,171
Cap Rate 9%
$287,133
Alternative Uses
Best Use
Apartment 5plus
$369.2K
$323.0K – $430.7K
NOI $25,842 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
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
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Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Well-maintained building with reception area, six offices, and handicap-accessible entrances, plus detached garage and parking.
Where is this assisted living facility located?
The property is located at 1-8407 Hayport Rd 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: Commercial building operating as alternative nursing and health care; Spacious reception and six large office spaces, plus break room; Foyer dimensions 15' x 21' and offices include 11' x 16'3 and 16'3 x 23, plus additional office sizes listed
