Office Building with
1925 Washington Blvd, Belpre, OH 45714
For Sale
$450,000
Interior features include a vaulted lobby, private offices, a finished lower level, and walk-out access.
Property Size2,486 SF
Price / SF$181.01
Days on Market111
Property Features for 1925 Washington Blvd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Drive-Thru
Amenities
vaulted lobby
private offices
lofted spaces
four restrooms
spacious break room
finished lower level with walk-out access
signage
drive-through lanes
Building Details
Year Built
Buildings
Listing Agency:
Legacy Real Estate Professionals
Listed By:
Patricia L Burkhammer · License OH #2022001465
(304) 712-7111
Source:
Greaterclevelandhomesforsale
Added: Jul 22
Changed: Nov 8
Last Checked: Nov 8 at 7:26AM
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 Legacy Real Estate Professionals
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Investment Insights
Based on property information with market context.
Built in 1978, this office property in Belpre includes a vaulted lobby, multiple private offices, lofted work areas, four restrooms, and a break room. The finished lower level has walk-out access. Two drive-through lanes and prominent signage are also part of the property. The building was previously used as a bank.
Located at 1925 Washington Blvd, the property includes approximately 20 parking spaces. Its existing layout combines office areas with a lobby, lower-level space, and drive-through functionality.
Located at 1925 Washington Blvd, the property includes approximately 20 parking spaces. Its existing layout combines office areas with a lobby, lower-level space, and drive-through functionality.
Key Highlights
- Approximately 20 parking spaces
- Two existing drive‑through lanes
- Four restrooms and a spacious break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,806
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,120
$476.1K
Cap Rate 7%
$340,086
$340.1K
Cap Rate 9%
$264,511
$264.5K
Market Conditions
NOI Build-Up for 2,486 SF
Gross rent
$39.7K $15.96/SF
− Vacancy
−$7.9K −$3.19/SF
EGI
$31.7K $12.77/SF
− OpEx
−$7.9K −$3.19/SF
NOI
$23.8K $9.58/SF
Area
Washington County, OH
Vacancy
20.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,120
Cap Rate 7%
$340,086
Cap Rate 9%
$264,511
Alternative Uses
Best Use
Office B
$340.1K
$297.6K – $396.8K
NOI $23,806 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$210.3K
$184.0K – $245.3K
NOI $14,720 @ 7.0% cap · market cap 3.27%
Theoretical Best
Mixed Use
$577.8K
$505.6K – $674.2K
NOI $40,449 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
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Business Placement
Demographics for 45714, OH
10,149
Population
4,616
Households
2.2
Avg Household Size
46
Median Age
19%
College-Educated
93%
High-School Grad
35.8 sq mi
ZIP Area
283
Density / Sq Mi
$57,045
Median Household Income
$40,000
Median Earnings
$819
Median Rent
$158,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Interior features include a vaulted lobby, private offices, a finished lower level, and walk-out access.
Where is this office building located?
The property is located at 1925 Washington Blvd Belpre, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 20 parking spaces; Two existing drive‑through lanes; Four restrooms and a spacious break room
