Warehouse-Distribution Building with
For Sale
$499,900
1712 Eastern Ave, Gallipolis, OH 45631
Steel warehouse-distribution facility with office space, multiple docks, and a rear receiving area for flexible tenant operations.
Property Size7,644 SF
Price / SF$65.40
Days on Market65
Property Features for 1712 Eastern Ave
General Information
Standard status
Active
Size
7,644 SF
Warehouse & Industrial
Dock-High Doors
8
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,984
Listing Agency:
Wiseman Real Estate
(740) 794-0915
Listed By:
Melissa Bowman · License #SAL.2018003481
(740) 794-0915
Source:
Exprealty
Added: Jun 18
Changed: Aug 20
Last Checked: Aug 20 at 2:06PM
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 Wiseman Real Estate
Investment Insights
Based on property information with market context.
This steel warehouse-distribution building totals 7,644 square feet and is laid out with a wide-span, column-free interior designed for unobstructed storage and operations. The building also includes a retail area and several office spaces, supporting mixed-use functionality within one structure. Operational support is enhanced by eight docking/loading bays across two levels, along with a dedicated rear receiving area with two docks. A drive-in garage is present and has been utilized as a workshop, adding a convenient enclosed work area for on-site tasks.
The property is positioned in the Gallipolis Business District with approximately 120 feet of road frontage along Eastern Ave (SR 7), providing visibility to passing traffic. Access is supported by a rear parking lot area of approximately 11,000 square feet with direct access to Chatham Ave, helping accommodate customer and employee parking needs and assisting day-to-day delivery logistics.
For tenants and owner-operators needing distribution and warehouse capabilities, the combination of multiple docks, a dedicated receiving area, and a clear-span interior can support efficient loading and workflow. The inclusion of office and retail space can also be useful for companies that want space for administrative functions or customer-facing operations alongside their primary distribution use.
The property is positioned in the Gallipolis Business District with approximately 120 feet of road frontage along Eastern Ave (SR 7), providing visibility to passing traffic. Access is supported by a rear parking lot area of approximately 11,000 square feet with direct access to Chatham Ave, helping accommodate customer and employee parking needs and assisting day-to-day delivery logistics.
For tenants and owner-operators needing distribution and warehouse capabilities, the combination of multiple docks, a dedicated receiving area, and a clear-span interior can support efficient loading and workflow. The inclusion of office and retail space can also be useful for companies that want space for administrative functions or customer-facing operations alongside their primary distribution use.
Key Highlights
- 7,644 SF steel warehouse‑distribution building in the Gallipolis Business District with a wide‑span, column‑free interior
- 120 ft road frontage along Eastern Ave (SR 7), with access to drive‑in entry and heavy‑traffic exposure
- Multiple loading features including eight docking/loading bays on two distinct levels
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
$38,142
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
7.63%
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%
$762,840
$762.8K
Cap Rate 7%
$544,886
$544.9K
Cap Rate 9%
$423,800
$423.8K
Market Conditions
NOI Build-Up for 7,644 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
$49.0K $6.41/SF
− Vacancy
−$4.1K −$0.54/SF
EGI
$44.9K $5.87/SF
− OpEx
−$6.7K −$0.88/SF
NOI
$38.1K $4.99/SF
Area
Gallia County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
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%
$762,840
Cap Rate 7%
$544,886
Cap Rate 9%
$423,800
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,713 @ 7.0% cap · market cap 18.75%
Second Best
Warehouse
$544.9K
$476.8K – $635.7K
NOI $38,142 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,779 @ 7.0% cap · market cap 21.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Distribution center - Steel warehouse-distribution facility with office space, multiple docks, and a rear receiving area for flexible tenant operations.
Where is this distribution center located?
The property is located at 1712 Eastern Ave Gallipolis, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 7,644 SF steel warehouse‑distribution building in the Gallipolis Business District with a wide‑span, column‑free interior; 120 ft road frontage along Eastern Ave (SR 7), with access to drive‑in entry and heavy‑traffic exposure; Multiple loading features including eight docking/loading bays on two distinct levels
