Building Details

Year Built 1970

Buildings 1

Listing Agency: Carol Goff & Associates Real Estate h***@aol.com Show Phone

Listed By: Dustin Dyer · License #2026000121 Show Phone

Source: Exprealty

Added: Aug 16 Changed: Oct 16 Last Checked: Oct 23 at 7:53AM

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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 Carol Goff & Associates Real Estate

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Investment Insights

Based on property information with market context.

The property is a 1,928-square-foot office building on 5.40 acres at 62700 Barnesville Hendrysburg Road. Built in 1970, the building has served as a physical therapy practice, church, and oil and gas office, supporting its office-oriented configuration and adaptable commercial use. The source information also identifies potential for medical, retail, professional service, community organization, and light commercial occupancy.

Approximately 25 parking spaces provide on-site accommodation for customers, employees, and visitors. The property is located minutes from I-70 and just outside the Village of Barnesville, offering a commercial setting with convenient regional access.

Key Highlights

• 1,928‑square‑foot office building on 5.40 acres
• Built in 1970
• Approximately 25 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,463

Cap Rate

7.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$369,260 $369.3K

Cap Rate 7%

$263,757 $263.8K

Cap Rate 9%

$205,144 $205.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,928 SF

Gross rent

$30.8K $15.96/SF

− Vacancy

−$6.2K −$3.19/SF

EGI

$24.6K $12.77/SF

− OpEx

−$6.2K −$3.19/SF

NOI

$18.5K $9.58/SF

Area

Belmont County, OH

Vacancy

20.00%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$369,260

Cap Rate 7%

$263,757

Cap Rate 9%

$205,144

Alternative Uses

Best Use

Healthcare Medical

$312.1K

$273.1K – $364.1K (±1% cap)

NOI $21,847 @ 7.0% cap · market cap 9.30%

Second Best

Office B

$263.8K

$230.8K – $307.7K (±1% cap)

NOI $18,463 @ 7.0% cap · market cap 7.86%

Theoretical Best

Specialty Retail

$378.0K

$330.7K – $441.0K (±1% cap)

NOI $26,457 @ 7.0% cap · market cap 11.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

First Settlement Physical ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Auto Parts Store Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

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 Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Flexible office property with parking and access near I-70, outside the Village of Barnesville.

Where is this office unit located?

The property is located at 62700 Barnesville Hendrysburg Rd Barnesville, OH.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: 1,928‑square‑foot office building on 5.40 acres; Built in 1970; Approximately 25 parking spaces