Coworking Property with
613 Chillicothe Street, Portsmouth, OH 45662
For Sale
$1,300,000
Commercial Sale, Portsmouth, OH
Property Size13,049 SF
Lot Size0.11 Acres
Price / SF$99.62
Days on Market48
Property Features for 613 Chillicothe Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
2 formal conference rooms
3 casual lounge meeting areas
beverage station
deck
3 kitchens
4 bathrooms
Building Details
Year built
Roof type
Buildings
Listing Agency:
OPTIMUM REALTY
(740) 353-6784
Listed By:
ANNA JOHNSON
(740) 727-8824
Added: Sep 25
Changed: Nov 2
Last Checked: Nov 11 at 8:06AM
MLS# 155906
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.
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Investment Insights
Based on property information with market context.
Two updated buildings have been connected to form a 13,049-square-foot coworking facility at 613 Chillicothe Street. The office layout can serve 20 businesses, including 16 private, lockable offices, with additional room to expand. The property also includes a remodeled 1,020-square-foot apartment upstairs.
Office amenities include two formal conference rooms, three informal meeting lounges, three kitchens and four bathrooms; one bathroom has a shower, and another includes a washer and dryer. A beverage station, shared printing area, mail station and deck are also part of the facility. The current commercial lease includes a furnished office with utilities, internet and a phone line; postage is billed separately.
The property occupies 0.1141 acres and has public water and sewer, central air conditioning and natural-gas floor-furnace heat. On-street parking is available.
Office amenities include two formal conference rooms, three informal meeting lounges, three kitchens and four bathrooms; one bathroom has a shower, and another includes a washer and dryer. A beverage station, shared printing area, mail station and deck are also part of the facility. The current commercial lease includes a furnished office with utilities, internet and a phone line; postage is billed separately.
The property occupies 0.1141 acres and has public water and sewer, central air conditioning and natural-gas floor-furnace heat. On-street parking is available.
Key Highlights
- 13,049‑square‑foot coworking facility formed by connecting two updated buildings
- Workspace capacity for 20 businesses, including 16 private, lockable offices
- Remodeled upstairs apartment measures 1,020 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,682
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,640
$873.6K
Cap Rate 7%
$624,029
$624.0K
Cap Rate 9%
$485,356
$485.4K
Market Conditions
NOI Build-Up for 13,049 SF
Gross rent
$76.5K $5.86/SF
− Vacancy
−$6.6K −$0.50/SF
EGI
$69.9K $5.36/SF
− OpEx
−$26.2K −$2.01/SF
NOI
$43.7K $3.35/SF
Area
Scioto County, OH
Vacancy
8.60%
Lease Rate
$5.86 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,640
Cap Rate 7%
$624,029
Cap Rate 9%
$485,356
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $159,977 @ 7.0% cap · market cap 12.31%
Second Best
Mixed Use
$624.0K
$546.0K – $728.0K
NOI $43,682 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,385 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20
Office units
1
Residential units
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 45662, OH
27,718
Population
12,955
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
55.5 sq mi
ZIP Area
499
Density / Sq Mi
$37,345
Median Household Income
$30,399
Median Earnings
$756
Median Rent
$98,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Coworking space - A combined office facility accommodates private workspaces, shared meeting areas and an upstairs residence.
Where is this coworking space located?
The property is located at 613 Chillicothe Street Portsmouth, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 13,049‑square‑foot coworking facility formed by connecting two updated buildings; Workspace capacity for 20 businesses, including 16 private, lockable offices; Remodeled upstairs apartment measures 1,020 square feet
