Leased Medical Office
2008 Maple Ave, Zanesville, OH 43701
For Sale
$499,000
A long-term tenant lease provides occupancy continuity with a five-year renewal option.
Property Size3,200 SF
Price / SF$155.94
Days on Market161
Property Features for 2008 Maple Ave
General Information
Standard status
Size
Property subtype
Net Operating Income
Additional Details
Gross Income
Tenant in Place
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Harvey Goodman, REALTOR
Listed By:
Jay H Goodman · License OH BRKP.2012000489
(773) 936-6511
Source:
Greaterclevelandhomesforsale
Added: Jun 3
Changed: Nov 10
Last Checked: Nov 10 at 2:10PM
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 Harvey Goodman, REALTOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The medical office property at 2008 Maple Ave in Zanesville was built in 1971 and is leased to Fosterbridge, LLC. The lease runs through August 2030 and includes a five-year renewal option. New HVAC equipment was installed as part of capital improvements completed in 2026.
Maple Avenue traffic exceeds 15,000 vehicles per day. The property serves a regional trade area with more than 86,000 residents.
Maple Avenue traffic exceeds 15,000 vehicles per day. The property serves a regional trade area with more than 86,000 residents.
Key Highlights
- Lease with Fosterbridge, LLC runs through August 2030, with a five‑year renewal option
- Maple Avenue traffic exceeds 15,000 vehicles per day
- Regional trade area includes more than 86,000 residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,905
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,100
$758.1K
Cap Rate 7%
$541,500
$541.5K
Cap Rate 9%
$421,167
$421.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.1K $21.60/SF
− Vacancy
−$5.9K −$1.86/SF
EGI
$63.2K $19.74/SF
− OpEx
−$25.3K −$7.90/SF
NOI
$37.9K $11.85/SF
Area
Muskingum County, OH
Vacancy
8.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,100
Cap Rate 7%
$541,500
Cap Rate 9%
$421,167
Alternative Uses
Best Use
Healthcare Medical
$541.5K
$473.8K – $631.8K
NOI $37,905 @ 7.0% cap · market cap 7.60%
Second Best
Office B
$513.5K
$449.3K – $599.0K
NOI $35,942 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$694.5K
$607.7K – $810.3K
NOI $48,617 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Medical Office Space in Muskingum County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A long-term tenant lease provides occupancy continuity with a five-year renewal option.
Where is this medical office space located?
The property is located at 2008 Maple Ave Zanesville, OH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Lease with Fosterbridge, LLC runs through August 2030, with a five‑year renewal option; Maple Avenue traffic exceeds 15,000 vehicles per day; Regional trade area includes more than 86,000 residents
