Building Details

Buildings 1

Construction steel

Listing Agency: Brady Group Real Estate s***@gmail.com Show Phone

Listed By: Michael Allen Barrell · License #2017005119 Show Phone

Source: Exprealty

Added: Feb 25 Changed: Sep 4 Last Checked: Oct 5 at 7:03PM

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Investment Insights

Based on property information with market context.

This flex property includes a 30-by-70-foot steel commercial building on 2 acres. Interior improvements include a kitchen area and an ADA-compliant bathroom, while on-site parking supports customer, staff, or event use. The property was formerly occupied by Dusty Blues and is offered for sale.

Located at 14775 State Route 664 S in Logan, the property is positioned along State Route 664 S, approximately 1 mile from Lake Logan and near the Hocking Hills region. Its setting within a well-known Ohio tourist destination provides direct proximity to outdoor recreation and visitor activity. The existing building and site configuration can accommodate a range of commercial applications, subject to applicable approvals.

Key Highlights

• 30‑by‑70‑foot steel commercial building
• 2‑acre commercial property along State Route 664 S
• Kitchen area and ADA‑compliant bathroom included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,142

Cap Rate

5.24%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $26,142 @ 7.0% cap · market cap 5.24%

Second Best

Industrial

$348.6K

$305.0K – $406.7K (±1% cap)

NOI $24,400 @ 7.0% cap · market cap 4.89%

Theoretical Best

Warehouse

$423.3K

$370.4K – $493.8K (±1% cap)

NOI $29,628 @ 7.0% cap · market cap 5.94%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Garden Center Bakery Real Estate Agency Travel Agency Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Steel commercial building with a kitchen area, ADA-compliant restroom, on-site parking, and flexible business-use potential.

Where is this flex space located?

The property is located at 14775 State Route 664 S Logan, OH.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: 30‑by‑70‑foot steel commercial building; 2‑acre commercial property along State Route 664 S; Kitchen area and ADA‑compliant bathroom included