11977 State Route 235, Lakeview, OH 43331
COMMERCIAL - Other - Lakeview, OH
- Added:
- Mar 3, 2026
- Days on Market:
- 123
- Last Refresh:
- Jul 4 at 10:06 pm
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
- Heating includes forced air and natural gas
- Two overhead doors plus a separate man door
- Man door entry includes an office area currently rented by a small business
- Gravel lot offers ample parking, including overflow parking with a portion rented to Buckeye Pizza
- Can be purchased together with 12045 St Rt 235 N (Indian Lake Flea Market) for expanded commercial opportunity
Overview
The asset is located at 11977 State Route 235 in Lakeview, Ohio, within Logan County. Public remarks indicate overflow parking is rented to Buckeye Pizza, supporting additional on-site use beyond the building.
For buyers seeking an owner-occupant setup, the building’s direct overhead-door access supports light industrial or warehouse-style operations, while the included office area supports administrative needs on-site. For investors, the property includes existing rental income from the office area and from overflow parking under the current arrangement noted in the remarks. The listing also notes the property may be purchased together with 12045 State Rt 235 N for expanded commercial opportunity, subject to buyer review and due diligence.
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
