Corner Storefront
For Sale
$99,900
711 Pine Street, Zanesville, OH 43701
Commercially zoned storefront at a prominent intersection with forced-air heating and natural gas service.
Property Size1,292 SF
Days on Market106
Property Features for 711 Pine Street
General Information
Standard status
Active
Size
1,292 SF
Zoning
Commercial
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$545
Amenities
PrivateRestrooms
Natural Gas, Forced Air
Building Details
Building Size
1,292 SF
Year Built
1959
Buildings
1
Listing Agency:
Carol Goff & Associates
(740) 704-6305
Listed By:
Christopher Jarvis · License #2005006535
(740) 704-6305
Source:
Evrealestate
Added: May 9
Changed: Aug 21
Last Checked: Aug 22 at 4:52AM
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
Investment Insights
Based on property information with market context.
This storefront property was built in 1959 and is zoned Commercial. Interior features include natural gas service and forced-air heating, providing established building systems for the space.
The property occupies the corner of Pine St and Ohio Street in Zanesville, Ohio, with access from a defined two-street intersection. The address is 711 Pine Street, within Muskingum County.
The property occupies the corner of Pine St and Ohio Street in Zanesville, Ohio, with access from a defined two-street intersection. The address is 711 Pine Street, within Muskingum County.
Key Highlights
- Commercial zoning
- Corner location at Pine St and Ohio Street
- Built in 1959
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
$8,378
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
8.39%
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%
$167,560
$167.6K
Cap Rate 7%
$119,686
$119.7K
Cap Rate 9%
$93,089
$93.1K
Market Conditions
NOI Build-Up for 1,292 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
$12.4K $9.60/SF
− Vacancy
−$434 −$0.34/SF
EGI
$12.0K $9.26/SF
− OpEx
−$3.6K −$2.78/SF
NOI
$8.4K $6.48/SF
Area
Muskingum County, OH
Vacancy
3.50%
Lease Rate
$9.60 /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%
$167,560
Cap Rate 7%
$119,686
Cap Rate 9%
$93,089
Alternative Uses
Best Use
Retail
$119.7K
$104.7K – $139.6K
NOI $8,378 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.4K
$245.4K – $327.2K
NOI $19,629 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
764
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
U-Haul Moving & Trailer Hitch Center of Zanesville
Shops & Services
764 visits/mo
0.1 miles
Demographics for 43701, OH
55,361
Population
25,785
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
180.5 sq mi
ZIP Area
307
Density / Sq Mi
$54,900
Median Household Income
$34,345
Median Earnings
$819
Median Rent
$164,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sunshine Shoppe — 802 Putnam Ave, Zanesville, OH 43701
Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned storefront at a prominent intersection with forced-air heating and natural gas service.
Where is this storefront property located?
The property is located at 711 Pine Street Zanesville, OH.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Commercial zoning; Corner location at Pine St and Ohio Street; Built in 1959
