Mixed-Use Property with Office
For Sale
$449,000
10150 E Pike Road, Cambridge, OH 43725
CommercialSale, Cambridge, OH
Property Size4,000 SF
Lot Size3.00 Acres
Price / SF$112.25
Days on Market155
Property Features for 10150 E Pike Road
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Cambridge CSD - 3001
Middle school district
Cambridge CSD - 3001
High school district
Cambridge CSD - 3001
Directions
Property is situated on 40 east of Cambridge.
Standard status
Active
APN
02-0000808.000
Lot size
3.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
R3 T2 SA01 QR4 PT E LOT 29
Tax Annual Amount
5173
Legal Description
R3 T2 SA01 QR4 PT E LOT 29
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Forced Air, Baseboard
Cooling system
Central Air
Water source
Public
Amenities
kitchen area
conference area
Building Details
Roof type
Rubber
Listing Agency:
Carol Goff & Associates
(740) 439-1111
Listed By:
Jo A Mason · License #251463
(740) 584-5104
Added: Apr 22
Changed: Sep 12
Last Checked: Sep 23 at 8:06AM
MLS# 5203655
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.
Investment Insights
Based on property information with market context.
This mixed-use property at 10150 E Pike Road combines a substantial office layout with finished residential space above. The lower level contains 4,000 square feet of office space, including a kitchen area, conference area, and multiple private offices. A single-car garage is positioned at the rear of the building.
The upper level has finished apartments that can be arranged as up to 4 individual units. The property occupies a 2-acre tract and includes an adjoining 1-acre parcel, for 3 acres in total. A large paved parking area provides on-site parking with additional room for expansion. The building has public water, public sewer, central air, propane forced-air and baseboard heating, and a rubber roof. Its position just off Interstate 77 provides direct proximity to the interstate corridor.
The upper level has finished apartments that can be arranged as up to 4 individual units. The property occupies a 2-acre tract and includes an adjoining 1-acre parcel, for 3 acres in total. A large paved parking area provides on-site parking with additional room for expansion. The building has public water, public sewer, central air, propane forced-air and baseboard heating, and a rubber roof. Its position just off Interstate 77 provides direct proximity to the interstate corridor.
Key Highlights
- 4,000 square feet of lower‑level office space
- Finished upper‑level apartments configurable as up to 4 individual units
- 2‑acre tract plus an adjoining 1‑acre parcel
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
$30,444
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
6.78%
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%
$608,880
$608.9K
Cap Rate 7%
$434,914
$434.9K
Cap Rate 9%
$338,267
$338.3K
Market Conditions
NOI Build-Up for 4,000 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
$59.5K $14.88/SF
− Vacancy
−$4.2K −$1.04/SF
EGI
$55.4K $13.84/SF
− OpEx
−$24.9K −$6.23/SF
NOI
$30.4K $7.61/SF
Area
Guernsey County, OH
Vacancy
7.00%
Lease Rate
$14.88 /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%
$608,880
Cap Rate 7%
$434,914
Cap Rate 9%
$338,267
Alternative Uses
Best Use
Mixed Use
$929.8K
$813.6K – $1.08M
NOI $65,084 @ 7.0% cap · market cap 14.50%
Second Best
Office B
$700.6K
$613.0K – $817.3K
NOI $49,039 @ 7.0% cap · market cap 10.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 43725, OH
19,520
Population
9,667
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
124.2 sq mi
ZIP Area
157
Density / Sq Mi
$51,612
Median Household Income
$35,781
Median Earnings
$789
Median Rent
$160,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes finished apartments above office space with a kitchen, conference area, and individual offices.
Where is this mixed-use property located?
The property is located at 10150 E Pike Road Cambridge, OH.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 4,000 square feet of lower‑level office space; Finished upper‑level apartments configurable as up to 4 individual units; 2‑acre tract plus an adjoining 1‑acre parcel
