Live-Work Space with
For Sale
$76,000
5755 St Rt 139, Lucasville, OH 45648
COMMERCIAL - Lucasville, OH
Property Size1,350 SF
Lot Size0.33 Acres
Price / SF$56.30
Days on Market27
Property Features for 5755 St Rt 139
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
429 Ot Retail
Subdivision
Clay
Standard status
Active
APN
05-1982.000
Size
1,350 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
SOMMERS S. D. WHOLE 50 X 288 LOT 31 MAP 07-001 575
Tax Annual Amount
662
Legal Description
SOMMERS S. D. WHOLE 50 X 288 LOT 31 MAP 07-001 575
Utilities
Sewer type
Public Sewer
Heating system
Wood, Electric (Heating)
Amenities
gated arched Mediterranean entryway
covered porch
galley kitchen
wood burner
Building Details
Year built
1957
Flooring type
Concrete
Roof type
Metal
Listing Agency:
REAL ESTATE GALLERY, INC.
(740) 574-9902
Listed By:
Wyatt Bates
(740) 352-6204
Added: Jul 27
Changed: Aug 18
Last Checked: Aug 22 at 5:06PM
MLS# 155723
Copyright © 2026 Greater Portsmouth Area Multiple Listing Service. 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 1,350-square-foot live-work property combines an office or residential area with a two-bay garage or workshop. The front portion includes a reception area, an open office or living and dining space, a galley kitchen, a private bath, and additional storage or flex space. The workshop extends from front to rear and includes support columns that allow the area to function as one larger room. Heating is provided by wood and electric systems, with concrete flooring, a metal roof, and public sewer service.
The property sits on 0.326 acres and includes a large level rear lot. A gated arched entry and covered porch lead into the building, while the 1957 construction features hand-crafted exterior and interior details. Zoning is identified as 429 Ot Retail.
The property sits on 0.326 acres and includes a large level rear lot. A gated arched entry and covered porch lead into the building, while the 1957 construction features hand-crafted exterior and interior details. Zoning is identified as 429 Ot Retail.
Key Highlights
- 1,350‑square‑foot live‑work property
- Two‑bay garage or workshop opens from front to rear
- Office or residential area includes galley kitchen and private bath
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
$5,795
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
7.63%
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%
$115,900
$115.9K
Cap Rate 7%
$82,786
$82.8K
Cap Rate 9%
$64,389
$64.4K
Market Conditions
NOI Build-Up for 1,350 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
$8.6K $6.36/SF
− Vacancy
−$307 −$0.23/SF
EGI
$8.3K $6.13/SF
− OpEx
−$2.5K −$1.84/SF
NOI
$5.8K $4.29/SF
Area
Scioto County, OH
Vacancy
3.58%
Lease Rate
$6.36 /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%
$115,900
Cap Rate 7%
$82,786
Cap Rate 9%
$64,389
Alternative Uses
Best Use
Office B
$236.4K
$206.9K – $275.9K
NOI $16,551 @ 7.0% cap · market cap 21.78%
Second Best
Retail
$82.8K
$72.4K – $96.6K
NOI $5,795 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$287.3K
$251.4K – $335.2K
NOI $20,110 @ 7.0% cap · market cap 26.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 45648, OH
11,211
Population
4,834
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
88%
High-School Grad
139.5 sq mi
ZIP Area
80
Density / Sq Mi
$69,065
Median Household Income
$41,591
Median Earnings
$849
Median Rent
$154,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Combined office or residential area with an open two-bay garage and rear level lot.
Where is this live-work space located?
The property is located at 5755 St Rt 139 Lucasville, OH.
What is the asking price?
The asking price for this property is $76,000.
What are key features of this property?
This property features: 1,350‑square‑foot live‑work property; Two‑bay garage or workshop opens from front to rear; Office or residential area includes galley kitchen and private bath
