Restaurant Property with
New
For Sale
$350,000
1555 63 Gallia Street & 9th street, Portsmouth, OH 45662
Commercial Sale, Portsmouth, OH
Property Size5,310 SF
Lot Size0.29 Acres
Price / SF$65.91
Days on Market2
Property Features for 1555 63 Gallia Street & 9th street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Portsmouth
Standard status
Active
APN
32-0294, 95, 96, 97
Size
5,310 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
Ball E 1/2 map 06-001, lot 11, N&MCE, Whole, W 1/2
Tax Annual Amount
4584
Legal Description
Ball E 1/2 map 06-001, lot 11, N&MCE, Whole, W 1/2
Utilities
Sewer type
Public Sewer
Building Details
Year built
1922
Flooring type
Concrete
Listing Agency:
Brush Realty
(740) 354-3171
Listed By:
Ruthann Brush
(740) 353-3171
Added: Sep 17
Last Checked: Sep 18 at 10:06PM
MLS# 155887
Copyright © 2026 Greater Portsmouth Area Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property includes a former restaurant building measuring 1,617 square feet and a separate brick garage building containing 5,310 square feet. The garage has concrete flooring and dates to 1922. Two vacant lots on 9th Street are included, adding 60 feet of frontage to the offering. The property encompasses 0.29 acres and is served by public sewer.
Commercial zoning supports the property’s existing commercial character. The garage uses a specialized oil heating source, and the Portsmouth Fire Department must be notified before that heat source is operated. The included buildings and vacant lots are associated with 1555, 63 Gallia Street, and 9th Street in Portsmouth, Ohio.
Commercial zoning supports the property’s existing commercial character. The garage uses a specialized oil heating source, and the Portsmouth Fire Department must be notified before that heat source is operated. The included buildings and vacant lots are associated with 1555, 63 Gallia Street, and 9th Street in Portsmouth, Ohio.
Key Highlights
- Former restaurant building contains 1,617 square feet
- Brick garage building offers 5,310 square feet
- Two vacant 9th Street lots provide 60 feet of frontage
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
$22,118
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
6.32%
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%
$442,360
$442.4K
Cap Rate 7%
$315,971
$316.0K
Cap Rate 9%
$245,756
$245.8K
Market Conditions
NOI Build-Up for 5,310 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
$30.6K $5.76/SF
− Vacancy
−$1.1K −$0.21/SF
EGI
$29.5K $5.55/SF
− OpEx
−$7.4K −$1.39/SF
NOI
$22.1K $4.17/SF
Area
Scioto County, OH
Vacancy
3.58%
Lease Rate
$5.76 /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%
$442,360
Cap Rate 7%
$315,971
Cap Rate 9%
$245,756
Alternative Uses
Best Use
Specialty Retail
$316.0K
$276.5K – $368.6K
NOI $22,118 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$988.8K – $1.32M
NOI $79,100 @ 7.0% cap · market cap 22.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
41k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 26%
Apparel 11%
Home Improvements & Furnishings 9%
The UPS Store
Shops & Services
6,905 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,602 visits/mo
0.2 miles
Gatti's Pizza
Dining
5,813 visits/mo
0.1 miles
Dollar General
Shops & Services
5,356 visits/mo
0.2 miles
Giovanni's Pizza
Dining
5,151 visits/mo
0.4 miles
Demographics for 45662, OH
27,718
Population
12,955
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
55.5 sq mi
ZIP Area
499
Density / Sq Mi
$37,345
Median Household Income
$30,399
Median Earnings
$756
Median Rent
$98,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial property combining a former restaurant, a substantial garage building, and two vacant frontage lots.
Where is this conventional restaurant located?
The property is located at 1555 63 Gallia Street & 9th street Portsmouth, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Former restaurant building contains 1,617 square feet; Brick garage building offers 5,310 square feet; Two vacant 9th Street lots provide 60 feet of frontage
