Heated Flex Space With
For Sale
$675,000
62190 Bailey Road, Barnesville, OH 43713
CommercialSale, Barnesville, OH
Property Size4,300 SF
Lot Size0.87 Acres
Price / SF$156.98
Days on Market291
Property Features for 62190 Bailey Road
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Barnesville EVSD - 701
Middle school district
Barnesville EVSD - 701
High school district
Barnesville EVSD - 701
Directions
SR 147 1 mile east of Barnesville, property is on the right.
Standard status
Active
APN
41-90015-000
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
R6 T8 S10 SE .87AC
Tax Annual Amount
928
Legal Description
R6 T8 S10 SE .87AC
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1960
Listing Agency:
Cedar One Realty
(740) 351-7300
Listed By:
Heidi J Riley · License #2008001844
(740) 359-0336
Added: Nov 5, 2025
Changed: Aug 20
Last Checked: Aug 23 at 8:06AM
MLS# 5170298
Copyright © 2026 MLS Now. 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 flex property includes two buildings totaling 4,300 square feet on 0.87 acres. The first building provides 2,600 square feet of insulated, heated space, along with more than 700 square feet of office area and a full bathroom. The second building contains 1,700 square feet and is equipped with two overhead doors measuring 14 feet by 21 feet, each with an opener.
Built in 1960, the property has electric heating, public water, and public sewer. It sits along a high-traffic roadway with access described as minutes from town and a major interstate, supporting a range of commercial and industrial applications.
Built in 1960, the property has electric heating, public water, and public sewer. It sits along a high-traffic roadway with access described as minutes from town and a major interstate, supporting a range of commercial and industrial applications.
Key Highlights
- Two buildings totaling 4300 sf
- Building 1 includes 2600 sf of insulated heated space
- More than 700+ sf of office space with a full bathroom
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
$21,456
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
3.18%
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%
$429,120
$429.1K
Cap Rate 7%
$306,514
$306.5K
Cap Rate 9%
$238,400
$238.4K
Market Conditions
NOI Build-Up for 4,300 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
$27.6K $6.41/SF
− Vacancy
−$2.3K −$0.54/SF
EGI
$25.2K $5.87/SF
− OpEx
−$3.8K −$0.88/SF
NOI
$21.5K $4.99/SF
Area
Belmont 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 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%
$429,120
Cap Rate 7%
$306,514
Cap Rate 9%
$238,400
Alternative Uses
Best Use
Warehouse
$306.5K
$268.2K – $357.6K
NOI $21,456 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$252.4K
$220.9K – $294.5K
NOI $17,670 @ 7.0% cap · market cap 2.62%
Theoretical Best
Specialty Retail
$842.9K
$737.6K – $983.4K
NOI $59,006 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43713, OH
7,227
Population
3,015
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
90%
High-School Grad
90.9 sq mi
ZIP Area
80
Density / Sq Mi
$61,206
Median Household Income
$33,662
Median Earnings
$542
Median Rent
$171,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property with heated workspace, offices, a full bathroom, and overhead-door access.
Where is this flex space located?
The property is located at 62190 Bailey Road Barnesville, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two buildings totaling 4300 sf; Building 1 includes 2600 sf of insulated heated space; More than 700+ sf of office space with a full bathroom
