Building Details

Year Built 1974

Listing Agency: Ragan McKinney Real Estate

Listed By: Ragan McKinney · License #0000160440 Show Phone

Source: Lovdalgroup

Added: Aug 3 Changed: Oct 2 Last Checked: Oct 7 at 4:30PM

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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 Ragan McKinney Real Estate

Investment Insights

Based on property information with market context.

This flex space at 330 N Front St in Ripley, Ohio, contains over 7,500 square feet and was built in 1974. The property includes two 14-foot garage doors, providing dedicated access for loading and unloading. Its configuration supports a range of commercial uses, including retail and office operations.

The property is situated near the Ohio River and local amenities, adding geographic context for businesses seeking a Ripley location. The combination of substantial interior space and oversized garage access creates a practical setting for users requiring both workspace and delivery access.

Key Highlights

• Over 7,500 square feet of flex space
• Two 14‑foot garage doors for loading and unloading
• Built in 1974

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,577

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$571,540 $571.5K

Cap Rate 7%

$408,243 $408.2K

Cap Rate 9%

$317,522 $317.5K

Market Conditions

NOI Build-Up for 7,500 SF

Gross rent

$47.7K $6.36/SF

− Vacancy

−$3.7K −$0.50/SF

EGI

$44.0K $5.86/SF

− OpEx

−$15.4K −$2.05/SF

NOI

$28.6K $3.81/SF

Area

Brown County, OH

Vacancy

7.83%

Lease Rate

$6.36 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$571,540

Cap Rate 7%

$408,243

Cap Rate 9%

$317,522

Alternative Uses

Best Use

Warehouse

$534.6K

$467.8K – $623.7K (±1% cap)

NOI $37,423 @ 7.0% cap · market cap 11.88%

Second Best

Industrial

$440.3K

$385.2K – $513.7K (±1% cap)

NOI $30,819 @ 7.0% cap · market cap 9.78%

Theoretical Best

Office A

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,803 @ 7.0% cap · market cap 32.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office HVAC Service Auto Parts Store Barber Shop Grocery & Convenience Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 45167, OH

3,441

Population

1,710

Households

2

Avg Household Size

48

Median Age

16%

College-Educated

89%

High-School Grad

61.9 sq mi

ZIP Area

56

Density / Sq Mi

$66,875

Median Household Income

$40,804

Median Earnings

$730

Median Rent

$162,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial space near the Ohio River and local amenities, with adaptable retail or office use potential.

Where is this flex space located?

The property is located at 330 N Front St Ripley, OH.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: Over 7,500 square feet of flex space; Two 14‑foot garage doors for loading and unloading; Built in 1974