Belpre Commercial Property on
For Sale
Contact for pricing
Pending
2119 Washington Boulevard, Belpre, OH 45714
Prime commercial opportunity with high visibility and redevelopment potential.
Property Size1,740 SF
Days on Market166
Property Features for 2119 Washington Boulevard
General Information
Standard status
Pending
Size
1,740 SF
Property subtype
Special Purpose
Listing Agency:
Di Lusso Real Estate
Listed By:
Conner Kochansky · License #2022003446
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Jul 25 at 12:54PM
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 Di Lusso Real Estate
Investment Insights
Based on property information with market context.
Located on Washington Boulevard in Belpre, this commercial property offers a prime opportunity for businesses. Situated on the main commercial corridor, the property at 2119 Washington Blvd provides exceptional visibility and accessibility. Previously home to G and S Furniture, the site has a well-known presence and a proven retail history in the community. The property offers flexibility for various business needs. The existing structure can be renovated and updated, repurposed for retail or office space, or the lot can be redeveloped to create a new building. Washington Boulevard connects Belpre to Parkersburg and surrounding areas, ensuring steady local and regional traffic. The property size is 1740 square feet. This location is ideal for businesses seeking visibility, accessibility, and long-term potential.
Key Highlights
- Prime location on Washington Boulevard, the main commercial corridor in Belpre, offering exceptional visibility and easy access.
- Proven retail history as the former site of G and S Furniture, with a well‑known presence in the community.
- High traffic volume due to Washington Blvd connecting Belpre to Parkersburg and surrounding areas.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$138,100
$138.1K
Cap Rate 7%
$98,643
$98.6K
Cap Rate 9%
$76,722
$76.7K
Market Conditions
NOI Build-Up for 1,740 SF
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.
Gross rent
$10.2K $5.88/SF
− Vacancy
−$366 −$0.21/SF
EGI
$9.9K $5.67/SF
− OpEx
−$3.0K −$1.70/SF
NOI
$6.9K $3.97/SF
Area
Washington County, OH
Vacancy
3.58%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$138,100
Cap Rate 7%
$98,643
Cap Rate 9%
$76,722
Alternative Uses
Best Use
Retail
$98.6K
$86.3K – $115.1K
NOI $6,905 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$404.4K
$353.9K – $471.9K
NOI $28,311 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 42%
Beauty & Spa 7%
Dollar Tree
Shops & Services
12,247 visits/mo
0.3 miles
Hardee's
Dining
7,699 visits/mo
0.2 miles
Wings Etc.
Dining
7,560 visits/mo
0.2 miles
The UPS Store
Shops & Services
4,611 visits/mo
0.3 miles
Antonio's Pizza
Dining
2,680 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Prime commercial opportunity with high visibility and redevelopment potential.
Where is this storefront property located?
The property is located at 2119 Washington Boulevard Belpre, OH.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Prime location on Washington Boulevard, the main commercial corridor in Belpre, offering exceptional visibility and easy access.; Proven retail history as the former site of G and S Furniture, with a well‑known presence in the community.; High traffic volume due to Washington Blvd connecting Belpre to Parkersburg and surrounding areas.
