Versatile Flex Retail
For Sale
$607,500
62240 Bailey Road Barnesville, Barnesville, OH 43713
Versatile commercial building with interior space, large roadside display windows, and a dedicated loading dock on 2.78 acres.
Property Size5,152 SF
Lot Size2.78 Acres
Price / SF$117.92
Days on Market99
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Property Features for 62240 Bailey Road Barnesville
General Information
Standard status
Active
Size
5,152 SF
Lot size
2.78 Acres
Additional Details
Dock-High Doors
1
Taxes and HOA fees
Annual Taxes
$3,843
Amenities
true
2.78
Assessor
5152
Building Details
Building Size
5,152 SF
Year Built
1977
Listed By:
Linda Reibenstein
(330) 590-5379
Source:
Akroncantonhomesonline
Added: Jul 9
Changed: Oct 4
Last Checked: Oct 7 at 9:56AM
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 Linda Reibenstein
Investment Insights
Based on property information with market context.
This versatile commercial building offers a functional mix of interior space and merchandising visibility. Large display windows line the roadside, and the interior includes ample storage along with a spacious open layout that can support a range of retail, warehouse, showroom, or service-oriented uses. A dedicated loading dock is included to support deliveries and day-to-day operations.
The property is located in Barnesville, Ohio on a high-traffic stretch of State Route 147, providing visibility and convenient access for customers and vehicles. The site totals 2.78 acres, offering room for operational needs associated with flexible commercial use.
Offered for sale, this building also is listed for lease under MLS #5165715.
The property is located in Barnesville, Ohio on a high-traffic stretch of State Route 147, providing visibility and convenient access for customers and vehicles. The site totals 2.78 acres, offering room for operational needs associated with flexible commercial use.
Offered for sale, this building also is listed for lease under MLS #5165715.
Key Highlights
- 2.78‑acre commercial property on a high‑traffic stretch of State Route 147 in Barnesville, OH
- 5,152 sq ft total interior space designed for retail, warehouse, showroom, or service‑based uses
- Large roadside display windows along the street for product visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,707
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,140
$514.1K
Cap Rate 7%
$367,243
$367.2K
Cap Rate 9%
$285,633
$285.6K
Market Conditions
NOI Build-Up for 5,152 SF
Gross rent
$33.0K $6.41/SF
− Vacancy
−$2.8K −$0.54/SF
EGI
$30.2K $5.87/SF
− OpEx
−$4.5K −$0.88/SF
NOI
$25.7K $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 Rate 5%
$514,140
Cap Rate 7%
$367,243
Cap Rate 9%
$285,633
Alternative Uses
Best Use
Warehouse
$367.2K
$321.3K – $428.5K
NOI $25,707 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$302.4K
$264.6K – $352.9K
NOI $21,171 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$1.01M
$883.7K – $1.18M
NOI $70,697 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
33
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with interior space, large roadside display windows, and a dedicated loading dock on 2.78 acres.
Where is this flex space located?
The property is located at 62240 Bailey Road Barnesville Barnesville, OH.
What is the asking price?
The asking price for this property is $607,500.
What are key features of this property?
This property features: 2.78‑acre commercial property on a high‑traffic stretch of State Route 147 in Barnesville, OH; 5,152 sq ft total interior space designed for retail, warehouse, showroom, or service‑based uses; Large roadside display windows along the street for product visibility
