Flex Space with
New
For Sale
$419,000
411 Solida Rd, South Point, OH 45680
COMMERCIAL, South Point, OH
Property Size7,200 SF
Price / SF$58.19
Days on Market3
Property Features for 411 Solida Rd
General Information
Property type
Commercial Sale
Property subtype
Retail
Lot features
Level
Directions
US 52 to South Point exit take second exit and make a right. The building is the 1st shopping center
Subdivision
31 - South Point Ohio
Standard status
Active
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Amenities
break room
Building Details
Year built
1989
Building materials
Brick, Wood, Block/Concrete
Roof type
Rubber
Listing Agency:
Century 21 Excellence Realty
(304) 523-2225
Listed By:
Stephani Branham
(606) 232-6697
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 26 at 2:06PM
MLS# 184725
Copyright © 2026 Huntington Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 7,200-square-foot flex property at 411 Solida Rd combines showroom, office, and secured storage areas. The building includes two bathrooms, a break room, cleanup access through a water spigot, and two overhead storage spaces. Included fixtures, display cases, shopping carts, baskets, and office furniture support a range of commercial configurations. Construction materials include brick, wood, and block/concrete, with a rubber roof.
Built in 1989, the property is served by central heating with natural gas and central air conditioning. Twenty-seven dedicated parking spaces provide on-site parking for customers, staff, or visitors. Its South Point, Ohio location offers a commercial setting for retail, showroom, office, storage, or related operations.
Built in 1989, the property is served by central heating with natural gas and central air conditioning. Twenty-seven dedicated parking spaces provide on-site parking for customers, staff, or visitors. Its South Point, Ohio location offers a commercial setting for retail, showroom, office, storage, or related operations.
Key Highlights
- Approximately 7,200 SF flex property with showroom, office, and secured storage
- 27 dedicated parking spaces
- Two bathrooms, break room, water spigot, and two overhead storage spaces
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
$29,586
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
7.06%
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%
$591,720
$591.7K
Cap Rate 7%
$422,657
$422.7K
Cap Rate 9%
$328,733
$328.7K
Market Conditions
NOI Build-Up for 7,200 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
$46.2K $6.41/SF
− Vacancy
−$3.9K −$0.54/SF
EGI
$42.3K $5.87/SF
− OpEx
−$12.7K −$1.76/SF
NOI
$29.6K $4.11/SF
Area
Lawrence County, OH
Vacancy
8.42%
Lease Rate
$6.41 /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%
$591,720
Cap Rate 7%
$422,657
Cap Rate 9%
$328,733
Alternative Uses
Best Use
Industrial
$422.7K
$369.8K – $493.1K
NOI $29,586 @ 7.0% cap · market cap 7.06%
Second Best
Retail
$397.3K
$347.6K – $463.5K
NOI $27,811 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,725 @ 7.0% cap · market cap 27.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45680, OH
12,326
Population
5,682
Households
2.2
Avg Household Size
43
Median Age
16%
College-Educated
91%
High-School Grad
34.6 sq mi
ZIP Area
356
Density / Sq Mi
$55,348
Median Household Income
$37,463
Median Earnings
$690
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Showroom, office, secured storage, and support areas create a flexible commercial layout.
Where is this flex space located?
The property is located at 411 Solida Rd South Point, OH.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Approximately 7,200 SF flex property with showroom, office, and secured storage; 27 dedicated parking spaces; Two bathrooms, break room, water spigot, and two overhead storage spaces
