Multi-Use Flex
1809-1809 11th St Portsmouth, OH 45662
For Sale
$565,000
Multi-use commercial space with office amenities and a freezer, plus truck loading area and parking.
Property Size10,577 SF
Price / SF$53.42
Days on Market101
Property Features for 1809-1809 11th St
General Information
Standard status
Active
Size
10,577 SF
Listing Agency:
Sinclair Real Estate
(740) 352-6286
Listed By:
Marsha Justice
(740) 352-6286
Source:
Exprealty
Added: Apr 20
Changed: Jul 10
Last Checked: Jul 26 at 9:13PM
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
Investment Insights
Based on property information with market context.
This multi-use flex warehouse totals 10,577 SF and is configured for both office and operational needs. The space includes multiple offices, bathrooms, a conference room, a freezer, and a breakroom, with additional room that could be used as a medical/computer room or shop. The property also offers room to load and unload trucks to the right of the building, supporting light warehousing and user-operated functions.
The site includes a 60 x 130 parking lot, providing on-site space for staff and visitors. In addition to the main property, an additional parcel (31-3163) is available and could be used as a rental with some TLC, or as added parking if the existing home were removed, depending on the buyer’s intended plan.
The layout and amenities make the property practical for an owner-user seeking a combined work and office setup, or for a buyer evaluating a rental strategy. With multiple rooms that support office, conference, and operational uses, it may fit a range of tenants or businesses looking for flexible, functional space rather than a single-purpose facility.
The site includes a 60 x 130 parking lot, providing on-site space for staff and visitors. In addition to the main property, an additional parcel (31-3163) is available and could be used as a rental with some TLC, or as added parking if the existing home were removed, depending on the buyer’s intended plan.
The layout and amenities make the property practical for an owner-user seeking a combined work and office setup, or for a buyer evaluating a rental strategy. With multiple rooms that support office, conference, and operational uses, it may fit a range of tenants or businesses looking for flexible, functional space rather than a single-purpose facility.
Key Highlights
- 10,577 SF multi‑use commercial space with multiple offices, bathrooms, and a conference room
- Includes a freezer and breakroom, with flexibility to add a medial/computer room or shop
- On‑site parking with a 60 x 130 parking lot
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.8k | $6.41 |
| − Vacancy | −$5.7k | −$0.54 |
| EGI | $62.1k | $5.87 |
| − OpEx | −$18.6k | −$1.76 |
| NOI | $43.5k | $4.11 |
10,577 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$753.9K
$659.7K – $879.6K
NOI $52,776 @ 7.0% cap · market cap 9.34%
Second Best
Industrial
$620.9K
$543.3K – $724.4K
NOI $43,463 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,560 @ 7.0% cap · market cap 27.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Haute Stuff Catering Inc — 1019 18th st, portsmouth, oh 45662
- Sodexo — 940 2nd st, portsmouth, oh 45662
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use commercial space with office amenities and a freezer, plus truck loading area and parking.
Where is this flex space located?
The property is located at 1809-1809 11th St Portsmouth, OH.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 10,577 SF multi‑use commercial space with multiple offices, bathrooms, and a conference room; Includes a freezer and breakroom, with flexibility to add a medial/computer room or shop; On‑site parking with a 60 x 130 parking lot
