Mixed-Use Commercial
For Sale
$1,300,000
11826 Gallia Pike, Wheelersburg, OH 45694
Commercial Sale, Wheelersburg, OH
Property Size14,265 SF
Lot Size1.75 Acres
Price / SF$91.13
Days on Market926
Property Features for 11826 Gallia Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Wheelersburg
Standard status
Active
APN
17-1555.000
Size
14,265 SF
Lot size
1.75 Acres
Taxes and HOA fees
Tax Description
Ville PT of Lots 3, 4, 5, 6, 103, 104, 105 -1.749
Tax Annual Amount
18010
Legal Description
Ville PT of Lots 3, 4, 5, 6, 103, 104, 105 -1.749
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Roof type
Asphalt
Listing Agency:
Sinclair Real Estate
(740) 354-1151
Listed By:
Marsha Justice
(740) 352-6286
Added: Feb 8, 2024
Changed: Aug 19
Last Checked: Aug 22 at 1:06AM
MLS# 150549
Copyright © 2026 Greater Portsmouth Area Multiple Listing Service. 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 14,265-square-foot mixed-use commercial property occupies 1.749 acres at 11826 Gallia Pike in Wheelersburg, Ohio. The building combines office areas, storage, three second-level apartments, Airbnb space, a ten-room exam medical office, and a therapeutic facility with PT/OT functions and an indoor pool. An elevator and two stairways serve the upper level, and the property is ADA compliant.
Built in 2003, the property includes a parking lot, central air, an asphalt roof, public water, and public sewer. Commercial zoning applies. The combination of medical, therapy, office, residential, and short-term lodging components creates a varied physical configuration within one commercial building.
Built in 2003, the property includes a parking lot, central air, an asphalt roof, public water, and public sewer. Commercial zoning applies. The combination of medical, therapy, office, residential, and short-term lodging components creates a varied physical configuration within one commercial building.
Key Highlights
- 14,265‑square‑foot mixed‑use building on 1.749 acres
- Ten‑room exam medical office with therapeutic facility, PT/OT space, and indoor pool
- Three apartments located on the second level
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
$115,201
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
8.86%
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%
$2,304,020
$2.3M
Cap Rate 7%
$1,645,729
$1.6M
Cap Rate 9%
$1,280,011
$1.3M
Market Conditions
NOI Build-Up for 14,265 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
$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 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%
$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
NOI $174,885 @ 7.0% cap · market cap 13.45%
Second Best
Healthcare Medical
$2.43M
$2.12M – $2.83M
NOI $169,914 @ 7.0% cap · market cap 13.07%
Theoretical Best
Office A
$3.04M
$2.66M – $3.54M
NOI $212,499 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning supports office, residential, medical, and therapeutic spaces within one multi-use 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 mixed‑use building on 1.749 acres; Ten‑room exam medical office with therapeutic facility, PT/OT space, and indoor pool; Three apartments located on the second level
