39 Middle Street Galena Galena, OH 43021
Built in 2019, the building offers an overlooking main floor with laminate flooring and a walkout basement with glass French doors.
Property Features for 39 Middle Street Galena
General Information
- Standard status
- Active
- Size
- 1,642 SF
Building Details
- Year Built
- 2019
Listing office (614) 660-5959
Listing date Jul 13, 2026
Source Movenowohio
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 Brian McLaughlin
Investment Insights
Based on property information with market context.
The property is located on the Galena square and is described as being next door to the U.S. Post Office in Galena. The building is zoned for a wide variety of future possibilities, including commercial, office, retail, and/or mixed-use.
As presented, the layout supports both street-level presence and additional lower-level access through the walkout basement, offering multiple ways to configure the space to fit a new business concept.
Key Highlights
- Built in 2019 commercial building on the Galena square.
- 0.16‑acre lot with 1,642 SF total building area and 6 parking spaces.
- Main floor includes an overlook feature and laminate flooring.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.5k | $21.60 |
| − Vacancy | −$8.5k | −$5.18 |
| EGI | $27.0k | $16.42 |
| − OpEx | −$6.7k | −$4.10 |
| NOI | $20.2k | $12.31 |
