Building Details

Building Size 14,265 SF

Year Built 2003

Buildings 1

Units 1

Tenancy Multi

Listing Agency: Sinclair Real Estate i***@sinclairre.net Show Phone

Listed By: Marsha, Justice Show Phone

Source: Sinclairre

Added: Oct 16 Changed: Oct 24 Last Checked: Oct 24 at 3:07PM

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Investment Insights

Based on property information with market context.

This 14,265-square-foot commercial property, built in 2003, occupies 1.749 acres in Wheelersburg. Its mix of spaces includes a ten-room medical examination office, a therapeutic facility with PT/OT services and an indoor pool, offices, and storage. Three apartments are located on the second level, alongside short-term rental accommodations. An elevator and two stairways serve the upper floor, and the property is ADA compliant.

The site includes a parking lot and is zoned Commercial. Its varied layout brings healthcare, office, storage, and residential rental components together on one property.

Key Highlights

• 14,265‑square‑foot building on 1.749 acres
• Ten‑room medical examination office
• Therapeutic facility with PT/OT services and indoor pool

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$115,201

Cap Rate

8.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,304,020 $2.3M

Cap Rate 7%

$1,645,729 $1.6M

Cap Rate 9%

$1,280,011 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,265 SF

Gross rent

$227.7K $15.96/SF

− Vacancy

−$18.2K −$1.28/SF

EGI

$209.5K $14.68/SF

− OpEx

−$94.3K −$6.61/SF

NOI

$115.2K $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 Rate 5%

$2,304,020

Cap Rate 7%

$1,645,729

Cap Rate 9%

$1,280,011

Alternative Uses

Best Use

Office B

$2.50M

$2.19M – $2.91M (±1% cap)

NOI $174,885 @ 7.0% cap · market cap 13.45%

Second Best

Healthcare Medical

$2.43M

$2.12M – $2.83M (±1% cap)

NOI $169,914 @ 7.0% cap · market cap 13.07%

Theoretical Best

Office A

$3.04M

$2.66M – $3.54M (±1% cap)

NOI $212,499 @ 7.0% cap · market cap 16.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

William A. Tolle, RPH Pharmacy Mccain & Associates of Ohio, ... Insurance Agency Rivers Edge Mental ... Medical Clinic Ohio Mindful Psychotherapy ... Counselor

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

325

Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Clinical, therapy, office, storage, and rental spaces share one commercial property.

Where is this mixed-use property located?

The property is located at 11826 Gallia Pike Wheelersburg, 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: 14,265‑square‑foot building on 1.749 acres; Ten‑room medical examination office; Therapeutic facility with PT/OT services and indoor pool