Retail Space with Car Wash
New
For Sale
Contact for pricing
2455 MAYSVILLE PIKE, Zanesville, OH 43701
The property carries a Car Wash zoning designation and was built in 2003.
Property Size2,406 SF
Price / SF$123.14
Days on Market5
Property Features for 2455 MAYSVILLE PIKE
General Information
Standard status
Active
Size
2,406 SF
Property subtype
Special Purpose
Zoning
Car Wash
Building Details
Year Built
2003
Buildings
1
Stories
1
Units
1
Listing Agency:
Ohio Real Estate Auctions
(937) 372-8608
Listed By:
Barry Baker · License #415576
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 7:31AM
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 Ohio Real Estate Auctions
Investment Insights
Based on property information with market context.
Located at 2455 Maysville Pike in Zanesville, Ohio, this retail space contains 2,406 square feet. The building was constructed in 2003 and is identified with a Car Wash zoning designation, providing a specialized commercial property profile within the retail category.
The property’s address is 2455 Maysville Pike, Zanesville, OH 43701. Its combination of retail classification, defined zoning, established construction date, and documented building area provides a clear factual overview for users evaluating the asset.
The property’s address is 2455 Maysville Pike, Zanesville, OH 43701. Its combination of retail classification, defined zoning, established construction date, and documented building area provides a clear factual overview for users evaluating the asset.
Key Highlights
- 2,406 SF retail space
- Car Wash zoning designation
- Built in 2003
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
$15,602
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
5.27%
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%
$312,040
$312.0K
Cap Rate 7%
$222,886
$222.9K
Cap Rate 9%
$173,356
$173.4K
Market Conditions
NOI Build-Up for 2,406 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
$23.1K $9.60/SF
− Vacancy
−$808 −$0.34/SF
EGI
$22.3K $9.26/SF
− OpEx
−$6.7K −$2.78/SF
NOI
$15.6K $6.48/SF
Area
Muskingum County, OH
Vacancy
3.50%
Lease Rate
$9.60 /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%
$312,040
Cap Rate 7%
$222,886
Cap Rate 9%
$173,356
Alternative Uses
Best Use
Retail
$222.9K
$195.0K – $260.0K
NOI $15,602 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$522.2K
$456.9K – $609.2K
NOI $36,554 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Advance Auto Parts
Shops & Services
2,450 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - The property carries a Car Wash zoning designation and was built in 2003.
Where is this retail space located?
The property is located at 2455 MAYSVILLE PIKE Zanesville, OH.
What is the asking price?
The asking price for this property is $296,267.
What are key features of this property?
This property features: 2,406 SF retail space; Car Wash zoning designation; Built in 2003
