Two-Suite Professional Office
For Sale
$429,000
1100 Brandywine Boulevard #E, Zanesville, OH 43701
A hillside configuration provides direct access to both levels without an elevator.
Property Size2,597 SF
Price / SF$165.19
Days on Market1062
Property Features for 1100 Brandywine Boulevard #E
General Information
Standard status
Active
Size
2,597 SF
Elevators
No
Property subtype
Commercial
Additional Details
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,674
Building Details
Building Size
2,597 SF
Year Built
1979
Buildings
1
Stories
2
Listing Agency:
Olde Town Realty
(740) 622-3669
Listed By:
Alan Wilson · License #2003017451
(740) 607-4750
Source:
Douglaskeycresolutions
Added: Nov 27, 2023
Changed: Oct 23
Last Checked: Oct 23 at 5:19PM
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 Olde Town Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This professional office building is arranged as two similar, separate suites across two levels. The upper suite includes nine private offices, a conference room, break room, reception area, atrium entry and two restrooms. The lower suite has five private offices, a large conference room, break room, workstation area, waiting and reception space, and two private restrooms.
Set into a small hillside, the building has direct access to both levels, eliminating the need for an elevator. It is located just off Maple Avenue within a complex of freestanding professional office buildings.
Set into a small hillside, the building has direct access to both levels, eliminating the need for an elevator. It is located just off Maple Avenue within a complex of freestanding professional office buildings.
Key Highlights
- Two separate, similarly configured office suites
- Upper level includes 9 private offices, a conference room, break room, reception area and atrium entry
- Lower level includes 5 private offices, a large conference room, break room and workstation area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,170
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,400
$583.4K
Cap Rate 7%
$416,714
$416.7K
Cap Rate 9%
$324,111
$324.1K
Market Conditions
NOI Build-Up for 2,597 SF
Gross rent
$49.9K $19.20/SF
− Vacancy
−$11.0K −$4.22/SF
EGI
$38.9K $14.98/SF
− OpEx
−$9.7K −$3.74/SF
NOI
$29.2K $11.23/SF
Area
Muskingum County, OH
Vacancy
22.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,400
Cap Rate 7%
$416,714
Cap Rate 9%
$324,111
Alternative Uses
Best Use
Office B
$416.7K
$364.6K – $486.2K
NOI $29,170 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.7K
$493.2K – $657.6K
NOI $39,456 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A hillside configuration provides direct access to both levels without an elevator.
Where is this office building located?
The property is located at 1100 Brandywine Boulevard #E Zanesville, OH.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two separate, similarly configured office suites; Upper level includes 9 private offices, a conference room, break room, reception area and atrium entry; Lower level includes 5 private offices, a large conference room, break room and workstation area
