Retail Building with Highway
For Sale
Contact for pricing
392 State Route 7 N, Gallipolis, OH 45631
Retail building on a high-traffic road with 181 feet of frontage, plus AEP electric and city water and sewer on site.
Property Size2,200 SF
Lot Size1.00 Acre
Price / SF$318.14
Days on Market220
Property Features for 392 State Route 7 N
General Information
Standard status
Active
Size
2,200 SF
Lot size
1.00 Acre
Property subtype
LAND
Site & Location
Traffic Count
27,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
Wiseman Real Estate
(740) 794-0915
Listed By:
Missy Bowman · License #2023001867
(740) 794-0915
Source:
Moodyscre
Added: Jan 22
Changed: Aug 8
Last Checked: Aug 30 at 1:34PM
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 Wiseman Real Estate
Investment Insights
Based on property information with market context.
A versatile retail-focused property offering a 2,200-square-foot building that was formerly used for retail, with some renovation and TLC needed to restore it for a new business. The HVAC system condition is unknown.
The property sits along SR 7 with approximately 181 feet of road frontage and is described as adjacent to the Silver Memorial Bridge and SR 35, in a high-traffic area. A recent traffic count of 27,000 vehicles daily is referenced in the available documents.
Utilities available on site include AEP Electricity and City Water & Sewer. Buyers are encouraged to contact the utility companies to verify information.
The property sits along SR 7 with approximately 181 feet of road frontage and is described as adjacent to the Silver Memorial Bridge and SR 35, in a high-traffic area. A recent traffic count of 27,000 vehicles daily is referenced in the available documents.
Utilities available on site include AEP Electricity and City Water & Sewer. Buyers are encouraged to contact the utility companies to verify information.
Key Highlights
- Approx. 181 ft of road frontage along SR 7 near the Silver Memorial Bridge and SR 35
- Recent traffic count of 27,000 vehicles daily (see document section)
- 2,200 SF building formerly used for retail; needs some renovation/TLC, with HVAC condition unknown
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
$25,302
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
3.62%
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%
$506,040
$506.0K
Cap Rate 7%
$361,457
$361.5K
Cap Rate 9%
$281,133
$281.1K
Market Conditions
NOI Build-Up for 2,200 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
$37.5K $17.04/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$36.1K $16.43/SF
− OpEx
−$10.8K −$4.93/SF
NOI
$25.3K $11.50/SF
Area
Gallia County, OH
Vacancy
3.58%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$506,040
Cap Rate 7%
$361,457
Cap Rate 9%
$281,133
Alternative Uses
Best Use
Retail
$361.5K
$316.3K – $421.7K
NOI $25,302 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.1K
$387.8K – $517.0K
NOI $31,020 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
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 Retail 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?
Commercial land - Retail building on a high-traffic road with 181 feet of frontage, plus AEP electric and city water and sewer on site.
Where is this commercial land located?
The property is located at 392 State Route 7 N Gallipolis, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approx. 181 ft of road frontage along SR 7 near the Silver Memorial Bridge and SR 35; Recent traffic count of 27,000 vehicles daily (see document section); 2,200 SF building formerly used for retail; needs some renovation/TLC, with HVAC condition unknown
