High-Traffic Retail/Commercial
For Sale
Contact for pricing
392 State Route 7 S, Gallipolis, OH 45631
Versatile property with high visibility and multiple potential uses.
Property Size2,268 SF
Price / SF$308.60
Days on Market255
Property Features for 392 State Route 7 S
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Mixed Use, Retail, Office
Building Details
Year Built
1960
Listing Agency:
Wiseman Real Estate
(740) 446-3644
Listed By:
Autumn Wright · License #2023001867
Source:
Crexi
Added: Nov 30, 2025
Changed: Jul 6
Last Checked: Aug 11 at 7:29AM
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 Wiseman Real Estate
Investment Insights
Based on property information with market context.
This property features road frontage along State Route 7, adjacent to the Silver Memorial Bridge and State Route 35. It includes approximately 181 feet of road frontage in a high-traffic area, with a recent traffic count of 27,000 vehicles daily. The property is suitable for various uses, including restaurants, retail, and other business operations. Its location, 20 minutes from Nucor Steel of West Virginia, enhances its appeal for commercial or industrial purposes. The property includes a 2,200 square foot building that was formerly used for retail. Available utilities on site include AEP Electricity and City Water & Sewer. The condition of the HVAC system is unknown. The property size is 2,268 square feet.
Key Highlights
- High‑traffic location: 181 feet of road frontage on SR 7 with 27,000 vehicles daily.
- Versatile property ideal for restaurants, retail, and various business operations.
- Proximity to Nucor Steel of West Virginia enhances appeal for commercial/industrial use.
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
$26,084
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
3.73%
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%
$521,680
$521.7K
Cap Rate 7%
$372,629
$372.6K
Cap Rate 9%
$289,822
$289.8K
Market Conditions
NOI Build-Up for 2,268 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
$38.6K $17.04/SF
− Vacancy
−$1.4K −$0.61/SF
EGI
$37.3K $16.43/SF
− OpEx
−$11.2K −$4.93/SF
NOI
$26.1K $11.50/SF
Area
Gallia County, OH
Vacancy
3.58%
Lease Rate
$17.04 /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%
$521,680
Cap Rate 7%
$372,629
Cap Rate 9%
$289,822
Alternative Uses
Best Use
Retail
$372.6K
$326.1K – $434.7K
NOI $26,084 @ 7.0% cap · market cap 3.73%
Second Best
Mixed Use
$218.7K
$191.4K – $255.2K
NOI $15,309 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$456.8K
$399.7K – $533.0K
NOI $31,978 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
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?
Mixed-use property - Versatile property with high visibility and multiple potential uses.
Where is this mixed-use property located?
The property is located at 392 State Route 7 S Gallipolis, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: High‑traffic location: 181 feet of road frontage on SR 7 with 27,000 vehicles daily.; Versatile property ideal for restaurants, retail, and various business operations.; Proximity to Nucor Steel of West Virginia enhances appeal for commercial/industrial use.
