11977 State Route 235, Lakeview, OH 43331
COMMERCIAL - Other - Lakeview, OH
- Added:
- Mar 3, 2026
- Days on Market:
- 118
- Last Refresh:
- Jun 29 at 1:06 am
Property Features for 11977 State Route 235
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 430041908004000
- Size
- 1,500 SF
- Lot size
- 0.76 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1994
- Building materials
- Metal Siding
- Architectural style
- Other
Listing agent Lori Newman (877) 539-7589
Listing office Key Realty 102 Zanesfield Rd., West Liberty, OH (877) 539-7589
Listing date Mar 3, 2026
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 50x30 metal building built in 1994 with metal siding
- Heated with forced air natural gas
- Two overhead doors plus a man door and an office area currently rented to a small business
- Gravel lot with ample parking, including overflow parking currently rented by Buckeye Pizza
- Additional income stream from Buckeye Pizza overflow parking
- Can be purchased with 12045 St Rt 235 N (home of the Indian Lake Flea Market) for expanded commercial opportunity
Overview
Parking is available on the gravel lot. A portion of the property is also currently rented by Buckeye Pizza for overflow parking, creating an additional income stream alongside the office lease.
The building configuration can fit a small business that needs both office space and drive-up access. It may also appeal to investors seeking a property with more than one rental component already in place. The listing also notes the option to purchase this property together with 12045 St Rt 235 N, home of the Indian Lake Flea Market, to support expanded commercial plans.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $21.53 |
| − Vacancy | −$7.7k | −$5.15 |
| EGI | $24.6k | $16.38 |
| − OpEx | −$6.1k | −$4.10 |
| NOI | $18.4k | $12.29 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakeview
- County
- Logan
- State
- Ohio
- Longitude
- -83.918173
- Latitude
- 40.512265
