Building Details

Year Built 1978

Listing Agency: RE/MAX Broadwater

Listed By: Timothy Judkins · License #2019004217 Show Phone

Source: Theacclaimedrealty

Added: Jul 27 Changed: Oct 5 Last Checked: Oct 7 at 4:27PM

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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 RE/MAX Broadwater

Investment Insights

Based on property information with market context.

This mixed-use property combines an approximately 2,800-square-foot commercial building with an attached two-bedroom, one-bath apartment. The commercial area was previously operated as a market and retains shelving and coolers. Its layout also includes a spacious living area, eat-in kitchen, and utility room within the apartment.

The property is positioned along East Captina Highway, also identified as State Route 148, just outside Powhatan Point. It is minutes from a marina and golf course. Improvements sit on a concrete slab and are served by York Township water and a private septic system. The property is offered as is, with no repairs to be made by the seller.

Key Highlights

• Approximately 2,800 square feet of commercial building space
• Attached 2‑bedroom, 1‑bath apartment
• Shelving and coolers remain in the former market area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,773

Cap Rate

6.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$415,460 $415.5K

Cap Rate 7%

$296,757 $296.8K

Cap Rate 9%

$230,811 $230.8K

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$30.9K $11.04/SF

− Vacancy

−$1.2K −$0.44/SF

EGI

$29.7K $10.60/SF

− OpEx

−$8.9K −$3.18/SF

NOI

$20.8K $7.42/SF

Area

Belmont County, OH

Vacancy

4.00%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$415,460

Cap Rate 7%

$296,757

Cap Rate 9%

$230,811

Alternative Uses

Best Use

Specialty Retail

$548.9K

$480.3K – $640.4K (±1% cap)

NOI $38,422 @ 7.0% cap · market cap 12.01%

Second Best

Retail

$296.8K

$259.7K – $346.2K (±1% cap)

NOI $20,773 @ 7.0% cap · market cap 6.49%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Explore this area Business Placement

Demographics for 43942, OH

2,271

Population

1,150

Households

2

Avg Household Size

49

Median Age

12%

College-Educated

89%

High-School Grad

20.9 sq mi

ZIP Area

109

Density / Sq Mi

$61,771

Median Household Income

$33,250

Median Earnings

$453

Median Rent

$117,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial space includes retail fixtures and an attached residential unit.

Where is this mixed-use property located?

The property is located at 53261 East Captina Hwy Powhatan Point, OH.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Approximately 2,800 square feet of commercial building space; Attached 2‑bedroom, 1‑bath apartment; Shelving and coolers remain in the former market area