Purpose-Built Ambulatory Surgery
For Sale
Contact for pricing
Pending
5897 County Road 107, Proctorville, OH 45669
Single-tenant healthcare facility with operating and procedure rooms.
Property Size29,732 SF
Days on Market91
Property Features for 5897 County Road 107
General Information
Standard status
Pending
Size
29,732 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Core+
Net Operating Income
$900,000
Building Details
Year Built
2002
Units
1
Tenancy
Single
Listing Agency:
Zeustra Inc
Listed By:
Nick Myers · License #PA RS322215
Source:
Crexi
Added: Jul 18
Changed: Sep 30
Last Checked: Oct 14 at 10:56PM
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 Zeustra Inc
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Investment Insights
Based on property information with market context.
Built in 2002 for its current healthcare use, this 29,732-square-foot ambulatory surgery center is configured with four fully equipped operating rooms and two procedure rooms. The facility supports approximately 4,850 annual surgical cases across orthopedic, ENT, ophthalmology, plastic and reconstructive, podiatry, and pain management specialties. An adjoining St. Mary’s Imaging Center provides on-site MRI services.
Located at 5897 County Road 107 in Proctorville, Ohio, the property is approximately 2.5 miles from St. Mary’s Medical Center in Huntington, West Virginia. The single-tenant asset is subject to a triple net lease, and the tenant has completed a new five-year lease renewal. Three Gables Surgery Center, LLC is managed by St. Mary’s Medical Center, which is part of Marshall Health Network.
Located at 5897 County Road 107 in Proctorville, Ohio, the property is approximately 2.5 miles from St. Mary’s Medical Center in Huntington, West Virginia. The single-tenant asset is subject to a triple net lease, and the tenant has completed a new five-year lease renewal. Three Gables Surgery Center, LLC is managed by St. Mary’s Medical Center, which is part of Marshall Health Network.
Key Highlights
- 29,732‑square‑foot ambulatory surgery center built in 2002
- Four fully equipped operating rooms and two procedure rooms
- Approximately 4,850 annual surgical cases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$294,561
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,891,220
$5.9M
Cap Rate 7%
$4,208,014
$4.2M
Cap Rate 9%
$3,272,900
$3.3M
Market Conditions
NOI Build-Up for 29,732 SF
Gross rent
$570.9K $19.20/SF
− Vacancy
−$79.9K −$2.69/SF
EGI
$490.9K $16.51/SF
− OpEx
−$196.4K −$6.60/SF
NOI
$294.6K $9.91/SF
Area
Lawrence County, OH
Vacancy
14.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,891,220
Cap Rate 7%
$4,208,014
Cap Rate 9%
$3,272,900
Alternative Uses
Best Use
Healthcare Medical
$4.21M
$3.68M – $4.91M
NOI $294,561 @ 7.0% cap · market cap 3.27%
Second Best
Office B
$4.07M
$3.56M – $4.75M
NOI $284,714 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$6.77M
$5.92M – $7.90M
NOI $473,752 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
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Business Placement
Demographics for 45669, OH
10,223
Population
4,724
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
95%
High-School Grad
35.7 sq mi
ZIP Area
286
Density / Sq Mi
$65,824
Median Household Income
$42,846
Median Earnings
$953
Median Rent
$179,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant healthcare facility with operating and procedure rooms.
Where is this medical center located?
The property is located at 5897 County Road 107 Proctorville, OH.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 29,732‑square‑foot ambulatory surgery center built in 2002; Four fully equipped operating rooms and two procedure rooms; Approximately 4,850 annual surgical cases
