Buckeye Lake Updated Commercial
5138 Walnut Road Buckeye Lake, OH 43008
For Sale
Contact for pricing
Updated home near Buckeye Lake, currently operating as an Airbnb.
Property Size1,403 SF
Price / SF$249.39
Days on Market822
Property Features for 5138 Walnut Road
General Information
- Standard status
- Active
- Size
- 1,403 SF
- Property subtype
- Mixed Use, Retail, Land, Office
Building Details
- Year Built
- 1935
Listing Agency:
Keller Williams Greater Cols
Listed By:
Cathy Everitt · License #255618
Source:
Crexi
Added: Apr 24, 2024
Changed: Jul 10
Last Checked: Jul 23 at 11:43AM
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 Keller Williams Greater Cols
Investment Insights
Based on property information with market context.
This updated 1,403-square-foot home is located on the commercial strip in the Village of Buckeye Lake. Currently used as an Airbnb with bookings for the summer of 2024, the property features a coastal design. The main level includes two bedrooms, a bathroom, a kitchen, a dining room, a living room, and a bar area. The upper level offers two sleeping areas, a full bath, and an entertainment room. Outside, there is a large yard, a concrete patio, a storage shed, and ample parking. The property is being sold fully furnished, including dishes and linens, making it a turnkey investment. It is situated steps away from The Buckeye Lake Brewery/Chef Shack, The Boatyard Tavern and Grill, and The Buckeye Lake Yacht Club. The property is located close to I-70, Granville, Lancaster, and Zanesville, and is 30 minutes from downtown Columbus. This property offers great investment potential.
Key Highlights
- Turnkey Airbnb with existing summer 2024 bookings
- Prime location in the heart of Buckeye Lake, steps from popular establishments
- Fully furnished, including dishes and linens
Financial Insights For Apartment 5plus
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 | $24.4k | $17.40 |
| − Vacancy | −$1.0k | −$0.75 |
| EGI | $23.4k | $16.65 |
| − OpEx | −$10.5k | −$7.49 |
| NOI | $12.8k | $9.16 |
1,403 SF · lease $17.40/SF/yr · vacancy 4.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$183.6K
$160.6K – $214.2K
NOI $12,849 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.13M
$985.9K – $1.31M
NOI $78,875 @ 7.0% cap · market cap 22.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Short term rental property - Updated home near Buckeye Lake, currently operating as an Airbnb.
Where is this short term rental property located?
The property is located at 5138 Walnut Road Buckeye Lake, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Turnkey Airbnb with existing summer 2024 bookings; Prime location in the heart of Buckeye Lake, steps from popular establishments; Fully furnished, including dishes and linens
