Second-Floor Office
For Sale
Contact for pricing
5-429 Second Street, Portsmouth, OH 45662
Two workspaces share a private restroom and are accessed by stairs.
Property Size252 SF
Price / SF$1.79
Days on Market9
Property Features for 5-429 Second Street
General Information
Standard status
Active
Size
252 SF
Elevators
No
Additional Details
Floor
2
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,457
Amenities
shared private restroom
Listing Agency:
Goddard Realty Group, LLC
(740) 574-3300
Listed By:
Roger Goddard
(740) 357-5806
Source:
Exprealty
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 30 at 5:47PM
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 Goddard Realty Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two office suites occupy the second floor of a historic building at 5-429 Second Street in Portsmouth. The suites total 252 square feet and have access to a shared private restroom. Entry is by stairs only.
The space is above Kitchen Collective in Portsmouth’s Boneyfiddle district. It must remain in its current condition, with no alterations or modifications, and any business use must be compatible with the ground-floor operation.
The space is above Kitchen Collective in Portsmouth’s Boneyfiddle district. It must remain in its current condition, with no alterations or modifications, and any business use must be compatible with the ground-floor operation.
Key Highlights
- Two individual office suites totaling 252 square feet
- Second‑floor location with stair‑only access
- Shared private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,089
Suggested Prices Based on Cap Rates
Cap Rate 5%
$61,780
$61.8K
Cap Rate 7%
$44,129
$44.1K
Cap Rate 9%
$34,322
$34.3K
Market Conditions
NOI Build-Up for 252 SF
Gross rent
$5.4K $21.48/SF
− Vacancy
−$1.3K −$5.13/SF
EGI
$4.1K $16.35/SF
− OpEx
−$1.0K −$4.09/SF
NOI
$3.1K $12.26/SF
Area
Scioto County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$61,780
Cap Rate 7%
$44,129
Cap Rate 9%
$34,322
Alternative Uses
Best Use
Office B
$44.1K
$38.6K – $51.5K
NOI $3,089 @ 7.0% cap · market cap 686.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$53.6K
$46.9K – $62.6K
NOI $3,754 @ 7.0% cap · market cap 834.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 45662, OH
27,718
Population
12,955
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
55.5 sq mi
ZIP Area
499
Density / Sq Mi
$37,345
Median Household Income
$30,399
Median Earnings
$756
Median Rent
$98,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Two workspaces share a private restroom and are accessed by stairs.
Where is this office unit located?
The property is located at 5-429 Second Street Portsmouth, OH.
What are key features of this property?
This property features: Two individual office suites totaling 252 square feet; Second‑floor location with stair‑only access; Shared private restroom
