Steel Building with Equipped
For Sale
$549,900
14475 State Route 664 S, Logan, OH 43138
30x70 steel commercial building with an equipped kitchen, ADA-compliant bath, and ample parking on Route 664 South.
Property Size2,100 SF
Lot Size2.00 Acres
Price / SF$261.86
Days on Market77
Property Features for 14475 State Route 664 S
General Information
Standard status
Active
Size
2,100 SF
Lot size
2.00 Acres
Additional Details
Business Included
Yes
Listing Agency:
Brady Group Real Estate
(740) 603-1268
Listed By:
Nick Barrell
(740) 603-1268
Source:
Exprealty
Added: May 22
Changed: Jul 10
Last Checked: Jul 31 at 12:41PM
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 Brady Group Real Estate
Investment Insights
Based on property information with market context.
Located at 14475 State Route 664 S on a 2-acre site, this 30x70 steel commercial building is ready for its next use. The property includes a fully equipped kitchen area and an ADA-compliant bathroom, making it well-suited for foodservice or other back-of-house dependent concepts. Ample parking is available on site, and the property offers room to expand as your operations grow.
The building is positioned along a highly traveled Route 664 South corridor, in close proximity to the Hocking Hills tourist region. The remarks indicate it is just minutes from Hocking Hills and approximately 1 mile from Lake Logan, placing it near popular outdoor recreation.
For tenants, buyers, or operators seeking a flexible commercial setup, the combination of steel construction, an operational kitchen, and ADA bathroom access supports multiple potential uses. The property may fit restaurant, retail, event, brewery, office, storage, or related concepts, subject to applicable approvals. Whether you are looking to reopen a food-and-beverage style operation or transition the space to a new service model, the site’s visibility and on-site parking provide practical day-to-day functionality.
The building is positioned along a highly traveled Route 664 South corridor, in close proximity to the Hocking Hills tourist region. The remarks indicate it is just minutes from Hocking Hills and approximately 1 mile from Lake Logan, placing it near popular outdoor recreation.
For tenants, buyers, or operators seeking a flexible commercial setup, the combination of steel construction, an operational kitchen, and ADA bathroom access supports multiple potential uses. The property may fit restaurant, retail, event, brewery, office, storage, or related concepts, subject to applicable approvals. Whether you are looking to reopen a food-and-beverage style operation or transition the space to a new service model, the site’s visibility and on-site parking provide practical day-to-day functionality.
Key Highlights
- 30x70 steel commercial building on 2 acres along heavily traveled State Route 664 South
- Equipped kitchen area included in the building
- ADA‑compliant bathroom
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
$26,142
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
4.75%
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%
$522,840
$522.8K
Cap Rate 7%
$373,457
$373.5K
Cap Rate 9%
$290,467
$290.5K
Market Conditions
NOI Build-Up for 2,100 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
$45.9K $21.84/SF
− Vacancy
−$11.0K −$5.24/SF
EGI
$34.9K $16.60/SF
− OpEx
−$8.7K −$4.15/SF
NOI
$26.1K $12.45/SF
Area
Hocking County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
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%
$522,840
Cap Rate 7%
$373,457
Cap Rate 9%
$290,467
Alternative Uses
Best Use
Specialty Retail
$373.5K
$326.8K – $435.7K
NOI $26,142 @ 7.0% cap · market cap 4.75%
Second Best
Retail
$348.6K
$305.0K – $406.7K
NOI $24,400 @ 7.0% cap · market cap 4.44%
Theoretical Best
Warehouse
$423.3K
$370.4K – $493.8K
NOI $29,628 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 43138, OH
18,445
Population
8,457
Households
2.2
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
175.8 sq mi
ZIP Area
105
Density / Sq Mi
$65,028
Median Household Income
$37,920
Median Earnings
$766
Median Rent
$169,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 30x70 steel commercial building with an equipped kitchen, ADA-compliant bath, and ample parking on Route 664 South.
Where is this retail space located?
The property is located at 14475 State Route 664 S Logan, OH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 30x70 steel commercial building on 2 acres along heavily traveled State Route 664 South; Equipped kitchen area included in the building; ADA‑compliant bathroom
