Building Details

Year Built 1978

Listing Agency: RE/MAX Broadwater t***@gmail.com Show Phone

Listed By: Timothy Judkins · License #2019004217

Source: Theacclaimedrealty

Added: Jul 27 Changed: Aug 29 Last Checked: Aug 29 at 4:42PM

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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 = 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

$20,773

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

6.49%

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%

$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 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

$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 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%

$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.

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

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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?

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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