Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    61204 Southgate Parkway, Cambridge, OH 43725

    View on Map
    Claim this Listing
    For Sale
    $425,000

    High-visibility commercial land near I-70, ideal for development.

    Type:Land / Commercial
    Added:
    May 2, 2019
    Days on Market:
    2586
    Last Refresh:
    May 20 at 7:51 am

    Property Features for 61204 Southgate Parkway

    General Information

    Standard status
    Active
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Carol A Goff
    Carol A Goff

    Listing agent Carol A Goff License #447968

    Listing office Carol Goff & Associates

    Listing date May 2, 2019

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Carol Goff & Associates

    HighLights

    • High traffic count (23,000 daily) for excellent visibility.
    • Prime commercial location on Southgate Parkway.
    • Convenient access to I‑70 and the 70/77 Interchange.
    • Located across from Walmart Plaza.
    • Ideal for development.
    • Adjacent property is available for purchase.

    Overview

    This commercial land offers a convenient location near I-70 and is within minutes of the I-70/77 interchange. The property benefits from high visibility and a traffic count of 23,000 vehicles per day. Situated on Southgate Parkway, across from the Walmart Plaza, the location is suitable for development. An adjacent property is also available for purchase.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Big Box & Wholesale Store Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.5727844
    Latitude
    39.9898189

    Nearby Similar for Sale

    • $349,900
      4,500 SF

      Adaptable Commercial Building on Woodlawn

      Spacious commercial building with flexible layout and ample parking.
      918 Woodlawn Avenue, Cambridge, OH 43725
      View Details
    • $829,000
      13,945 SF

      Versatile Office Space in Cambridge

      Four-level office building in historic downtown Cambridge.
      927 Wheeling Avenue, Cambridge, OH 43725
      View Details
    • $259,000
      3,042 SF

      Renovated Duplex in Prime Location

      Fully renovated duplex with strong cash flow and prime location.
      825 Beatty Avenue, Cambridge, OH 43725
      View Details
    • $309,900
      1,960 SF

      Cambridge Duplex with Income Potential

      Duplex in Cambridge, OH with income and development potential.
      141 Meadowpark Drive, Cambridge, OH 43725
      View Details
    • $249,000
      2,062 SF

      Cambridge Duplex: Income Opportunity

      Turnkey duplex with reliable income, furnished units, and prime location.
      401 N 9th Street, Cambridge, OH 43725
      View Details
    • $74,900

      Vacant Land Parcels For New Build

      Three vacant parcels ready for new construction in Cambridge, OH.
      1724 Brenton Road, Cambridge, OH 43725
      View Details
    • $379,000

      Established Cambridge Convenience Store Opportunity

      Established convenience store with high visibility and steady customer traffic.
      101 Steubenville Avenue, Cambridge, OH 43725
      View Details
    • $225,000
      3,000 SF

      Former Restaurant on Wheeling Avenue

      Restaurant building for sale with high traffic and dense demographics.
      1821 E Wheeling Ave, Cambridge, OH 43725
      View Details
    • $415,000

      Cambridge Office Building For Sale

      Spacious office building with new roof, convenient location, and accessibility.
      1175 South 13th Street, Cambridge, OH 43725
      View Details
    • $14,900

      Cambridge Vacant Lot with Utilities

      Vacant lot with utilities ready for new construction.
      1413 Beckett Avenue, Cambridge, OH 43725
      View Details
    • $1,750,000
      69,513 SF

      Warehouse with Long-Term Tenants

      69,513 sq ft warehouse with NNN leases for sale.
      1101 Woodlawn Avenue, Cambridge, OH 43725
      View Details
    • $2,245,108
      10,640 SF

      New Dollar General Investment Opportunity

      New Dollar General Plus store in Cambridge, Ohio for sale.
      9884 Cadiz Rd, Cambridge, OH 43725
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial land near I-70, ideal for development.
    Where is this commercial land located?
    The property is located at 61204 Southgate Parkway Cambridge, OH.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: High traffic count (23,000 daily) for excellent visibility.; Prime commercial location on Southgate Parkway.; Convenient access to I‑70 and the 70/77 Interchange.
    (740) 819-2301
    We can help!
    Listing Contact
    Carol A Goff
    Carol A Goff
    Real Estate License ID: 447968
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    61204 Southgate Parkway, Cambridge, OH 43725
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!