Medical Office with
For Sale
$425,000
16 Pomeroy Rd, Athens, OH 45701
An existing waiting room, office areas, and more than 20 parking spaces define the building’s current configuration.
Property Size2,500 SF
Price / SF$170
Days on Market14
Property Features for 16 Pomeroy Rd
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,653
Building Details
Buildings
1
Building Size
2,500 SF
Listing Agency:
The Athens Real Estate Co., Ltd.
(740) 589-4600
Listed By:
C.R. Pratt
(740) 591-2334
Source:
Exprealty
Added: Oct 2
Changed: Oct 11
Last Checked: Oct 15 at 4:59AM
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 The Athens Real Estate Co., Ltd.
Investment Insights
Based on property information with market context.
This 2,500-square-foot medical office property at 16 Pomeroy Rd in Athens, Ohio, was previously used as a veterinary clinic. The interior includes a waiting area and office rooms, providing an existing framework for medical office occupancy.
The building occupies a corner site with highway access and more than 20 parking spaces. Its prior clinic use and existing interior areas are key features of the property.
The building occupies a corner site with highway access and more than 20 parking spaces. Its prior clinic use and existing interior areas are key features of the property.
Key Highlights
- 2,500‑square‑foot building
- More than 20 parking spaces
- Corner location with highway access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,700
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,000
$594.0K
Cap Rate 7%
$424,286
$424.3K
Cap Rate 9%
$330,000
$330.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$5.4K −$2.16/SF
EGI
$39.6K $15.84/SF
− OpEx
−$9.9K −$3.96/SF
NOI
$29.7K $11.88/SF
Area
Athens County, OH
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,000
Cap Rate 7%
$424,286
Cap Rate 9%
$330,000
Alternative Uses
Best Use
Office B
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 6.99%
Second Best
Healthcare Medical
$314.4K
$275.1K – $366.8K
NOI $22,010 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$571.0K
$499.6K – $666.1K
NOI $39,967 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45701, OH
33,705
Population
13,230
Households
2.5
Avg Household Size
27
Median Age
57%
College-Educated
95%
High-School Grad
148.6 sq mi
ZIP Area
227
Density / Sq Mi
$49,604
Median Household Income
$13,495
Median Earnings
$1,018
Median Rent
$217,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Athens Veterinary Clinic — 16 Pomeroy Rd, Athens, OH 45701
Frequently Asked Questions
What type of property is this?
Medical Office Space - An existing waiting room, office areas, and more than 20 parking spaces define the building’s current configuration.
Where is this medical office space located?
The property is located at 16 Pomeroy Rd Athens, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,500‑square‑foot building; More than 20 parking spaces; Corner location with highway access
