Retail Space with Salon
New
For Sale
Contact for pricing
2534 Bell St, Zanesville, OH 43701
An ADA-accessible salon setup includes furnishings and equipment, with four booth-renting stylists interested in staying.
Property Size1,924 SF
Lot Size0.46 Acres
Price / SF$122.09
Days on Market5
Property Features for 2534 Bell St
General Information
Standard status
Active
Size
1,924 SF
Total Parking Spaces
26
Lot size
0.46 Acres
Additional Details
Business Included
Yes
Amenities
ADA accessible
Building Details
Year Renovated
2021
Tenancy
Single
Listing Agency:
Lepi & Associates Real Estate Services
(740) 562-1159
Listed By:
Christy Buck · License #440758
(740) 819-0582
Source:
Moodyscre
Added: Sep 23
Changed: Sep 27
Last Checked: Sep 26 at 3:15PM
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 Lepi & Associates Real Estate Services
Investment Insights
Based on property information with market context.
This 1,924-square-foot retail property is configured as a hair salon with 10 stylist stations. Four independent booth renters currently work there and have expressed interest in remaining if salon use continues. Included equipment and furnishings comprise styling chairs, stations, mirrors, shampoo bowls and chairs, laundry appliances, cabinetry, and reception furniture; basement storage is also available. The building is ADA accessible and received new wood flooring in 2020 and a roof in 2021. A broader renovation included work to the drywall, electrical, plumbing, insulation, and decking.
The property sits on a 100-by-200-foot lot with approximately 26 parking spaces at 2534 Bell St in Zanesville, Ohio. The Profiles Hair name, signage, and phone number may also transfer to the buyer.
The property sits on a 100-by-200-foot lot with approximately 26 parking spaces at 2534 Bell St in Zanesville, Ohio. The Profiles Hair name, signage, and phone number may also transfer to the buyer.
Key Highlights
- 10 stylist stations; four independent booth renters currently work at the salon
- 1,924‑square‑foot building on a 100‑by‑200‑foot lot
- Approximately 26 parking spaces and ADA accessibility
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
$12,477
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
5.31%
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%
$249,540
$249.5K
Cap Rate 7%
$178,243
$178.2K
Cap Rate 9%
$138,633
$138.6K
Market Conditions
NOI Build-Up for 1,924 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
$18.5K $9.60/SF
− Vacancy
−$646 −$0.34/SF
EGI
$17.8K $9.26/SF
− OpEx
−$5.3K −$2.78/SF
NOI
$12.5K $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%
$249,540
Cap Rate 7%
$178,243
Cap Rate 9%
$138,633
Alternative Uses
Best Use
Retail
$178.2K
$156.0K – $208.0K
NOI $12,477 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.6K
$365.4K – $487.2K
NOI $29,231 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
182k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 24%
Home Improvements & Furnishings 7%
Apparel 4%
McDonald's
Dining
39,284 visits/mo
0.2 miles
Taco Bell
Dining
12,897 visits/mo
0.3 miles
Burger King
Dining
12,425 visits/mo
0.2 miles
Dollar Tree
Shops & Services
11,604 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,023 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - An ADA-accessible salon setup includes furnishings and equipment, with four booth-renting stylists interested in staying.
Where is this retail space located?
The property is located at 2534 Bell St Zanesville, OH.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 10 stylist stations; four independent booth renters currently work at the salon; 1,924‑square‑foot building on a 100‑by‑200‑foot lot; Approximately 26 parking spaces and ADA accessibility
