Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot in Prime Location Title is generated by Realmo AI

    150 State Street, Proctorville, OH 45669

    View on Map
    Claim this Listing
    For Sale
    $125,000

    COMMERCIAL - Proctorville, OH

    Lot size:
    0.52 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    139
    Last Refresh:
    May 26 at 4:06 pm

    Property Features for 150 State Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.52 Acres

    We can help!

    Listing Contact
    Todd Nelson

    Listing agent Todd Nelson License #00121999

    Listing office Old Colony Realtors Huntington 372 DAVIS CREEK ROAD, BARBOURSVILLE, OH

    Listing date Jan 7, 2026

    MLS# 182944 Listing URL

    Copyright © 2026 Huntington Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the heart of Proctorville.
    • High‑traffic commercial lot.
    • Outstanding visibility and access.
    • Flat, level lot.
    • Over 1/2 acre of land.
    • Located next to AutoZone.

    Overview

    This commercial lot, situated in Proctorville, Ohio, offers over 0.52 acres of flat land. The property benefits from high traffic and is located in a central area. Its level topography and location next to AutoZone provide visibility and access, making it suitable for establishing a business. The property is located in Lawrence County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car Wizard Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Proctorville
    County
    Lawrence
    State
    Ohio
    Longitude
    -82.382641
    Latitude
    38.438786

    Nearby Similar for Sale

    • $790,000
      11,000 SF

      Commercial Space in Proctorville, OH

      11,000 SF commercial space in the heart of Proctorville.
      259 State Street, Proctorville, OH 45699
      View Details
    • $299,900
      2,646 SF

      Proctorville Professional Office Opportunity

      Well-maintained, move-in-ready office space in a desirable Proctorville location.
      148 St Rt 775, Proctorville, OH 45669
      View Details
    • $155,000

      Waterfront Land in Proctorville, OH

      Waterfront land available for building a dream home.
      County Road 107, Proctorville, OH 45669
      View Details
    • $300,000

      Riverfront Property with Development Potential

      Three-acre riverfront land with development potential in Proctorville, Ohio.
      State Route 7, Proctorville, OH 45669
      View Details
    • $576,000

      Proctorville Land with Wood Home

      Private 10-acre retreat featuring stunning wood architecture.
      206 Private Drive 5017, Proctorville, OH 45669
      View Details
    • $986,206
      8,048 SF

      Retail Investment Opportunity in Proctorville

      8,048 SF retail building in prime Proctorville location.
      7550 County Rd 107, Proctorville, OH
      View Details
    • $17
      2,890 SF

      Proctorville Medical Office Space Available

      Prime medical office space near surgery center and hospitals.
      96 Township Road 369, Proctorville, OH 45669
      View Details
    • $105,000

      Proctorville Land For Sale

      Level land in established Proctorville neighborhood, suitable for development.
      TOWNSHIP ROAD 1248, PROCTORVILLE, OH 45669
      View Details
    • $22,000

      Residential Lots in Proctorville, OH

      Two residential lots totaling 0.61 acres near town.
      Township Road 1267, Proctorville, OH 45669
      View Details
    • $229,000

      Proctorville Land for Sale

      40 acres of land suitable for development or recreation.
      149 County Road 149, Proctorville, OH 45669
      View Details
    • $59,000

      8.22 Acre Proctorville Land

      8.22 acre parcel ideal for building or recreation.
      County Road 121, Proctorville, OH 45669
      View Details
    • $58,000

      Residential Lot in Quiet Setting

      Residential lot for sale in a quiet, convenient Proctorville location.
      0 Lot 5 County Rd 70, Proctorville, OH 45669
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial lot in the heart of Proctorville, Ohio.
    Where is this commercial land located?
    The property is located at 150 State Street Proctorville, OH.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Prime location in the heart of Proctorville.; High‑traffic commercial lot.; Outstanding visibility and access.
    (304) 634-7993
    We can help!
    Listing Contact
    Todd Nelson
    Real Estate License ID: 00121999
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    150 State Street, Proctorville, OH 45669
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!