Warehouse-Distribution Building with
For Sale
$499,900
1712 Eastern Avenue Gallipolis, Gallipolis, OH 45631
Steel warehouse with office space, eight loading docks, a rear receiving area, and drive-in garage/workshop.
Property Size7,644 SF
Price / SF$65.40
Days on Market47
Property Features for 1712 Eastern Avenue Gallipolis
General Information
Standard status
Active
Size
7,644 SF
Warehouse & Industrial
Dock-High Doors
10
Drive-In Doors
1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,984
Amenities
No
Public
0.69
7644.0
Building Details
Building Size
7,644 SF
Year Built
1973
Construction
steel
Listing Agency:
(614) 660-5959
Listed By:
John Stomps
(614) 660-5959
Source:
Movenowohio
Added: Jul 6
Changed: Aug 16
Last Checked: Aug 16 at 9:48AM
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 John Stomps
Investment Insights
Based on property information with market context.
This steel warehouse-distribution building includes a wide-span, column-free interior designed to keep space unobstructed. The building is configured with a spacious retail area alongside multiple office spaces, and it features a drive-in garage that has been used as a workshop. Loading and receiving capabilities include eight docking/loading bays across two levels, plus a separate receiving area at the rear with two additional docks.
The property has approximately 120 feet of road frontage along Eastern Ave (SR 7), supporting strong visibility in the Gallipolis business district. A parking lot of approximately 11,000 square feet is located at the back, with direct access to Chatham Ave.
Overall, the layout combines warehouse distribution functions with office and retail space, with dedicated loading and receiving areas to support day-to-day operations.
The property has approximately 120 feet of road frontage along Eastern Ave (SR 7), supporting strong visibility in the Gallipolis business district. A parking lot of approximately 11,000 square feet is located at the back, with direct access to Chatham Ave.
Overall, the layout combines warehouse distribution functions with office and retail space, with dedicated loading and receiving areas to support day-to-day operations.
Key Highlights
- 7,644 SF steel commercial warehouse/distribution building built in 1973
- Eastern Ave (SR 7) road frontage with 120 feet along a heavily trafficked corridor
- Wide‑span, column‑free interior designed to maximize unobstructed space
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
$38,142
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
7.63%
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%
$762,840
$762.8K
Cap Rate 7%
$544,886
$544.9K
Cap Rate 9%
$423,800
$423.8K
Market Conditions
NOI Build-Up for 7,644 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
$49.0K $6.41/SF
− Vacancy
−$4.1K −$0.54/SF
EGI
$44.9K $5.87/SF
− OpEx
−$6.7K −$0.88/SF
NOI
$38.1K $4.99/SF
Area
Gallia County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
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%
$762,840
Cap Rate 7%
$544,886
Cap Rate 9%
$423,800
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,713 @ 7.0% cap · market cap 18.75%
Second Best
Flex RnD
$1.11M
$973.7K – $1.30M
NOI $77,892 @ 7.0% cap · market cap 15.58%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,779 @ 7.0% cap · market cap 21.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Dock-high doors
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Steel warehouse with office space, eight loading docks, a rear receiving area, and drive-in garage/workshop.
Where is this flex space located?
The property is located at 1712 Eastern Avenue Gallipolis Gallipolis, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 7,644 SF steel commercial warehouse/distribution building built in 1973; Eastern Ave (SR 7) road frontage with 120 feet along a heavily trafficked corridor; Wide‑span, column‑free interior designed to maximize unobstructed space
