Office Units on
For Sale
$235,000
62700 Barnesville Hendrysburg Rd, Barnesville, OH 43713
Flexible office property with parking and access near I-70, outside the Village of Barnesville.
Property Size1,928 SF
Lot Size5.40 Acres
Price / SF$121.89
Days on Market24
Property Features for 62700 Barnesville Hendrysburg Rd
General Information
Standard status
Active
Size
1,928 SF
Total Parking Spaces
25
Lot size
5.40 Acres
Additional Details
Highway Access
Yes
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Carol Goff & Associates Real Estate
(304) 422-1627
Listed By:
Dustin Dyer · License #2026000121
(740) 310-7012
Source:
Exprealty
Added: Aug 16
Changed: Sep 7
Last Checked: Sep 7 at 2:45PM
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
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.
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 = 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
$18,463
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
7.86%
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%
$369,260
$369.3K
Cap Rate 7%
$263,757
$263.8K
Cap Rate 9%
$205,144
$205.1K
Market Conditions
NOI Build-Up for 1,928 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
$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 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%
$369,260
Cap Rate 7%
$263,757
Cap Rate 9%
$205,144
Alternative Uses
Best Use
Healthcare Medical
$312.1K
$273.1K – $364.1K
NOI $21,847 @ 7.0% cap · market cap 9.30%
Second Best
Office B
$263.8K
$230.8K – $307.7K
NOI $18,463 @ 7.0% cap · market cap 7.86%
Theoretical Best
Specialty Retail
$378.0K
$330.7K – $441.0K
NOI $26,457 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office property with parking and access near I-70, outside the Village of Barnesville.
Where is this office units 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
