Flex Space with Loading
For Sale
$1,500,000
700 Channel Lane, Marietta, OH 45750
Open-plan commercial space combines substantial parking, expansion acreage, and convenient regional highway access.
Property Size21,758 SF
Lot Size4.00 Acres
Price / SF$68.94
Days on Market400
Property Features for 700 Channel Lane
General Information
Standard status
Active
Size
21,758 SF
Total Parking Spaces
90
Lot size
4.00 Acres
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Dock-High Doors
2
Voltage
800 V
Three-Phase Power
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$11,118
Amenities
electric 800 Volt and 3-phase power
two loading docks
Building Details
Year Built
1969
Buildings
1
Stories
1
Building Size
21,758 SF
Construction
block, masonry, brick
Listing Agency:
Advantage Real Estate
(740) 516-1774
Listed By:
Traci D Strahler Chichester · License #2001012898
(740) 516-1774
Source:
Carolgoffrealestate
Added: Jul 27, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:19AM
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 Advantage Real Estate
Investment Insights
Based on property information with market context.
This 21,758-square-foot flex property sits on 4+/- acres and provides an open interior that can accommodate retail, office, medical, or service-oriented operations. The block, masonry, and brick building includes two loading docks, an approximately 90-car parking lot, 800 Volt electrical service with 3-phase power, and a sprinkler system that can be reactivated. The original building dates to 1969, with additions completed in 1988 and 1996.
The property is positioned between Washington State Community College and Marietta College, with access to I-77, State Route 60, and State Route 7. Its acreage leaves room for expansion or additional site uses, while the setting provides a private environment near city amenities. The property is not in a flood zone.
The property is positioned between Washington State Community College and Marietta College, with access to I-77, State Route 60, and State Route 7. Its acreage leaves room for expansion or additional site uses, while the setting provides a private environment near city amenities. The property is not in a flood zone.
Key Highlights
- 21,758 sq. ft. flex building on 4+/- acres
- Approximately 90‑car parking lot with additional acreage for expansion
- Two loading docks support commercial receiving and distribution
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
$89,408
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
5.96%
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%
$1,788,160
$1.8M
Cap Rate 7%
$1,277,257
$1.3M
Cap Rate 9%
$993,422
$993.4K
Market Conditions
NOI Build-Up for 21,758 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
$139.5K $6.41/SF
− Vacancy
−$11.7K −$0.54/SF
EGI
$127.7K $5.87/SF
− OpEx
−$38.3K −$1.76/SF
NOI
$89.4K $4.11/SF
Area
Washington County, OH
Vacancy
8.42%
Lease Rate
$6.41 /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%
$1,788,160
Cap Rate 7%
$1,277,257
Cap Rate 9%
$993,422
Alternative Uses
Best Use
Office B
$2.98M
$2.60M – $3.47M
NOI $208,355 @ 7.0% cap · market cap 13.89%
Second Best
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,408 @ 7.0% cap · market cap 5.96%
Theoretical Best
Mixed Use
$5.06M
$4.43M – $5.90M
NOI $354,022 @ 7.0% cap · market cap 23.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45750, OH
26,327
Population
12,690
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
106.8 sq mi
ZIP Area
247
Density / Sq Mi
$56,883
Median Household Income
$35,027
Median Earnings
$838
Median Rent
$177,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tasteful Occasions Catering — 12 Tiber Way, Marietta, OH 45750
- Marietta College Dining Services — 215 5th St #32, Marietta, OH 45750
- Aunt K's Kitchen — 101 Dudley Ave, Marietta, OH 45750
Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial space combines substantial parking, expansion acreage, and convenient regional highway access.
Where is this flex space located?
The property is located at 700 Channel Lane Marietta, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 21,758 sq. ft. flex building on 4+/- acres; Approximately 90‑car parking lot with additional acreage for expansion; Two loading docks support commercial receiving and distribution
