Versatile Commercial Building on State
For Sale
$607,500
62240 Bailey Road, Barnesville, OH 43713
Commercial building on high-traffic State Route 147 with flexible space.
Property Size5,152 SF
Lot Size2.78 Acres
Price / SF$115.94
Days on Market221
Property Features for 62240 Bailey Road
General Information
Standard status
Active
Size
5,152 SF
Lot size
2.78 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,843
Building Details
Building Size
5,152 SF
Year Built
1977
Listing Agency:
Harvey Goodman, REALTOR
(740) 425-3535
Listed By:
Samantha K Welch
(740) 238-1838
Source:
Carolgoffrealestate
Added: Jan 26
Changed: Sep 4
Last Checked: Sep 2 at 12:16AM
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 Harvey Goodman, REALTOR
Investment Insights
Based on property information with market context.
Located in Barnesville, Ohio, this commercial building offers a leasing opportunity on a high-traffic section of State Route 147. The property, situated on 2.78 acres, includes 5,240 square feet of interior space designed for functionality. The building features large display windows facing the road, suitable for attracting customers. The interior provides ample storage space, a dedicated loading dock, and a spacious, open layout. The property is suitable for retail, warehouse, showroom, or service-based operations. The owner is offering a 3-month abatement period at a reduced rate of $2,000 per month, after which the monthly lease rate will be $3,250. The owner is willing to work with tenants on modifications to tailor the space to meet specific business needs.
Key Highlights
- High‑traffic location on State Route 147 with excellent visibility and accessibility.
- Versatile 5,240 sq ft commercial space suitable for retail, warehouse, showroom, or service‑based operations.
- Initial 3‑month lease abatement period at a reduced rate of $2,000/month.
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
$38,875
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
6.40%
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%
$777,500
$777.5K
Cap Rate 7%
$555,357
$555.4K
Cap Rate 9%
$431,944
$431.9K
Market Conditions
NOI Build-Up for 5,240 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
$57.8K $11.04/SF
− Vacancy
−$2.3K −$0.44/SF
EGI
$55.5K $10.60/SF
− OpEx
−$16.7K −$3.18/SF
NOI
$38.9K $7.42/SF
Area
Belmont County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
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%
$777,500
Cap Rate 7%
$555,357
Cap Rate 9%
$431,944
Alternative Uses
Best Use
Retail
$555.4K
$485.9K – $647.9K
NOI $38,875 @ 7.0% cap · market cap 6.40%
Second Best
Warehouse
$373.5K
$326.8K – $435.8K
NOI $26,146 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$1.03M
$898.8K – $1.20M
NOI $71,905 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
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 - Commercial building on high-traffic State Route 147 with flexible space.
Where is this flex space located?
The property is located at 62240 Bailey Road 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: High‑traffic location on State Route 147 with excellent visibility and accessibility.; Versatile 5,240 sq ft commercial space suitable for retail, warehouse, showroom, or service‑based operations.; Initial 3‑month lease abatement period at a reduced rate of $2,000/month.
