Office Building With Reception
1392 Rawlings St, Washington Court House, OH 43160
For Sale
$650,000
Professional office property with private offices, client reception space, dual HVAC systems, and substantial electrical capacity.
Property Size3,282 SF
Price / SF$198.05
Days on Market53
Property Features for 1392 Rawlings St
General Information
Standard status
Size
Site & Location
Highway Access
Utilities to Site
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Listing Agency:
RealtyX-Real Estate Xperts LLC
(740) 324-7653
Listed By:
Kaden Tyler
(740) 505-1277
Source:
Exprealty
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 6 at 10:18AM
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 RealtyX-Real Estate Xperts LLC
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Investment Insights
Based on property information with market context.
Built in 2010, this 3,282-square-foot office building includes three private offices, a waiting area, reception room, and a dedicated mechanical room. Twin electric HVAC units and 400-amp electrical service provide core building infrastructure for professional, medical, and business uses.
The property is located at 1392 Rawlings St in Washington Court House, Ohio, near the Adena Hospital construction site and less than one minute from U.S. Route 62. Its layout combines private work areas with defined client-facing space, while the accessible mechanical room supports organized building operations.
The property is located at 1392 Rawlings St in Washington Court House, Ohio, near the Adena Hospital construction site and less than one minute from U.S. Route 62. Its layout combines private work areas with defined client-facing space, while the accessible mechanical room supports organized building operations.
Key Highlights
- 3,282‑square‑foot office building constructed in 2010
- Three private offices plus waiting and reception areas
- Twin electric HVAC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,236
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,720
$804.7K
Cap Rate 7%
$574,800
$574.8K
Cap Rate 9%
$447,067
$447.1K
Market Conditions
NOI Build-Up for 3,282 SF
Gross rent
$70.5K $21.48/SF
− Vacancy
−$16.8K −$5.13/SF
EGI
$53.6K $16.35/SF
− OpEx
−$13.4K −$4.09/SF
NOI
$40.2K $12.26/SF
Area
Fayette County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,720
Cap Rate 7%
$574,800
Cap Rate 9%
$447,067
Alternative Uses
Best Use
Office B
$574.8K
$503.0K – $670.6K
NOI $40,236 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$915.4K
$801.0K – $1.07M
NOI $64,081 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 43160, OH
22,117
Population
10,012
Households
2.2
Avg Household Size
41
Median Age
14%
College-Educated
86%
High-School Grad
213.2 sq mi
ZIP Area
104
Density / Sq Mi
$57,475
Median Household Income
$38,296
Median Earnings
$802
Median Rent
$162,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with private offices, client reception space, dual HVAC systems, and substantial electrical capacity.
Where is this office building located?
The property is located at 1392 Rawlings St Washington Court House, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,282‑square‑foot office building constructed in 2010; Three private offices plus waiting and reception areas; Twin electric HVAC units
