Multi-Office Mixed-Use
For Sale
$555,000
1809 11th St., Portsmouth, OH 45662
Commercial-zoned space combines office rooms, a conference room, and support areas with truck loading access beside the building.
Property Size10,577 SF
Price / SF$52.47
Days on Market11
Property Features for 1809 11th St.
General Information
Standard status
Active
Size
10,577 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Property Use
Office
Amenities
multiple offices
bathrooms
conference room
freezer
breakroom
room to load and unload trucks
Building Details
Building Size
10,577 SF
Year Built
1900
Units
1809
Listing Agency:
Sinclair Real Estate
(740) 354-1151
Listed By:
Marsha, Justice
(740) 352-6286
Source:
Sinclairre
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 24 at 2:41PM
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 Sinclair Real Estate
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Investment Insights
Based on property information with market context.
This 10,577-SF mixed-use commercial building at 1809 11th St. includes multiple offices, bathrooms, a conference room, a freezer, and a breakroom. The property also has a 60-by-130-foot parking lot and space beside the building for truck loading and unloading.
A separate parcel includes a house that could be rented after improvements or removed to provide additional parking. The building is zoned Commercial.
A separate parcel includes a house that could be rented after improvements or removed to provide additional parking. The building is zoned Commercial.
Key Highlights
- 10,577 SF of mixed‑use commercial space
- 60 x 130 parking lot
- Multiple offices, bathrooms, conference room, freezer, and breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,407
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,140
$708.1K
Cap Rate 7%
$505,814
$505.8K
Cap Rate 9%
$393,411
$393.4K
Market Conditions
NOI Build-Up for 10,577 SF
Gross rent
$62.0K $5.86/SF
− Vacancy
−$5.3K −$0.50/SF
EGI
$56.7K $5.36/SF
− OpEx
−$21.2K −$2.01/SF
NOI
$35.4K $3.35/SF
Area
Scioto County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,140
Cap Rate 7%
$505,814
Cap Rate 9%
$393,411
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,671 @ 7.0% cap · market cap 23.36%
Second Best
Mixed Use
$505.8K
$442.6K – $590.1K
NOI $35,407 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,560 @ 7.0% cap · market cap 28.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial-zoned space combines office rooms, a conference room, and support areas with truck loading access beside the building.
Where is this mixed-use property located?
The property is located at 1809 11th St. Portsmouth, OH.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: 10,577 SF of mixed‑use commercial space; 60 x 130 parking lot; Multiple offices, bathrooms, conference room, freezer, and breakroom
