Storefront Property with Storage
For Sale
$575,000
61 Vine St, Gallipolis, OH 45631
Commercial property with retail frontage, multiple accessory buildings, and lumber storage infrastructure.
Property Size8,172 SF
Price / SF$70.36
Days on Market60
Property Features for 61 Vine St
General Information
Standard status
Active
Size
8,172 SF
Taxes and HOA fees
Annual Taxes
$3,507
Listing Agency:
Wiseman Real Estate
(740) 446-3644
Listed By:
David Wiseman · License #284760
(740) 645-1761
Source:
Exprealty
Added: Aug 21
Changed: Oct 2
Last Checked: Oct 16 at 12:18PM
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 Wiseman Real Estate
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Investment Insights
Based on property information with market context.
This 8,172 SF storefront property includes a 60-by-130-foot multi-use storage building equipped with lumber racks and shelving. Additional improvements include a 14-foot shed, buildings measuring 24 by 30 feet, 20 by 30 feet, and 24 by 45 feet, plus a 48-foot covered lumber storage structure. The property also includes five 14-foot doors ranging from 12 to 20 feet wide.
The sale may be structured around the real estate and buildings alone or include the established True Value Hardware and Lumber Yard business, inventory, and selected equipment. The business has operated for more than 100 years. Located at 61 Vine St in Gallipolis, Ohio, the property combines storefront space with substantial storage and material-handling improvements.
The sale may be structured around the real estate and buildings alone or include the established True Value Hardware and Lumber Yard business, inventory, and selected equipment. The business has operated for more than 100 years. Located at 61 Vine St in Gallipolis, Ohio, the property combines storefront space with substantial storage and material-handling improvements.
Key Highlights
- 8,172 SF storefront property at 61 Vine St, Gallipolis, OH
- 60‑by‑130‑foot multi‑use storage building with lumber racks and shelving
- Five 14‑foot doors ranging from 12 to 20 feet wide
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,776
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,520
$815.5K
Cap Rate 7%
$582,514
$582.5K
Cap Rate 9%
$453,067
$453.1K
Market Conditions
NOI Build-Up for 8,172 SF
Gross rent
$52.4K $6.41/SF
− Vacancy
−$4.4K −$0.54/SF
EGI
$48.0K $5.87/SF
− OpEx
−$7.2K −$0.88/SF
NOI
$40.8K $4.99/SF
Area
Gallia County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,520
Cap Rate 7%
$582,514
Cap Rate 9%
$453,067
Alternative Uses
Best Use
Retail
$1.34M
$1.17M – $1.57M
NOI $93,986 @ 7.0% cap · market cap 16.35%
Second Best
Warehouse
$582.5K
$509.7K – $679.6K
NOI $40,776 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,224 @ 7.0% cap · market cap 20.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Basket Delights Florist & Gifts — 66 Vine St, Gallipolis, OH 45631
- Floral Fashions — 244 3rd Ave, Gallipolis, OH 45631
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with retail frontage, multiple accessory buildings, and lumber storage infrastructure.
Where is this storefront property located?
The property is located at 61 Vine St Gallipolis, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 8,172 SF storefront property at 61 Vine St, Gallipolis, OH; 60‑by‑130‑foot multi‑use storage building with lumber racks and shelving; Five 14‑foot doors ranging from 12 to 20 feet wide
