Multi-Use Flex
For Sale
$555,000
1809-1809 11th St, Portsmouth, OH 45662
Multi-use commercial space with office amenities and a freezer, plus truck loading area and parking.
Property Size10,577 SF
Price / SF$52.47
Days on Market191
Property Features for 1809-1809 11th St
General Information
Standard status
Active
Size
10,577 SF
Taxes and HOA fees
Annual Taxes
$2,821
Listing Agency:
Sinclair Real Estate
(740) 354-1151
Listed By:
Marsha Justice
(740) 352-6286
Source:
Exprealty
Added: Apr 20
Changed: Oct 27
Last Checked: Oct 26 at 6:45PM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$43,463
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,260
$869.3K
Cap Rate 7%
$620,900
$620.9K
Cap Rate 9%
$482,922
$482.9K
Market Conditions
NOI Build-Up for 10,577 SF
Gross rent
$67.8K $6.41/SF
− Vacancy
−$5.7K −$0.54/SF
EGI
$62.1K $5.87/SF
− OpEx
−$18.6K −$1.76/SF
NOI
$43.5K $4.11/SF
Area
Scioto County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,260
Cap Rate 7%
$620,900
Cap Rate 9%
$482,922
Alternative Uses
Best Use
Industrial
$620.9K
$543.3K – $724.4K
NOI $43,463 @ 7.0% cap · market cap 7.83%
Second Best
Flex RnD
$572.1K
$500.6K – $667.4K
NOI $40,044 @ 7.0% cap · market cap 7.22%
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
Under-served
Demand for This Use
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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 Industrial in Midwest region
Similar Off Market Nearby
- Sodexo — 940 2nd st, portsmouth, oh 45662
- Haute Stuff Catering Inc — 1019 18th 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 $555,000.
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
