C-1 Flex Commercial
For Sale
$99,900
711 Pine Street, Zanesville, OH 43701
CommercialSale, Zanesville, OH
Property Size1,300 SF
Lot Size0.18 Acres
Price / SF$76.85
Days on Market138
Property Features for 711 Pine Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Subdivision
Leagues Add 02
Elementary school district
Zanesville CSD - 6006
Middle school district
Zanesville CSD - 6006
High school district
Zanesville CSD - 6006
Directions
At the corner of Pine St and Ohio Street in Zanesville.
Standard status
Active
APN
82-34-06-01-000
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT LOT 1 2 3 LEAGUES 2ND120 X 65
Tax Annual Amount
546
Legal Description
PT LOT 1 2 3 LEAGUES 2ND120 X 65
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1959
Roof type
Fiberglass, Asphalt
Listing Agency:
Carol Goff & Associates
(740) 454-6777
Listed By:
Christopher Jarvis · License #2005006535
(740) 704-6305
Added: May 1
Changed: Sep 13
Last Checked: Sep 15 at 1:06PM
MLS# 5197027
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,300 SF flex building at 711 Pine Street provides a compact commercial footprint with adaptable space for retail, office, warehouse, showroom, workspace, storage, or a combination of these functions. The property is zoned C-1 Commercial and was built in 1959.
The building occupies 0.179 acres in Zanesville and offers access from Pine Street, along with frontage suited to signage. Heating is provided by natural gas and forced air, while the roof consists of fiberglass and asphalt materials. Waterline and sewer line repair is necessary.
The building occupies 0.179 acres in Zanesville and offers access from Pine Street, along with frontage suited to signage. Heating is provided by natural gas and forced air, while the roof consists of fiberglass and asphalt materials. Waterline and sewer line repair is necessary.
Key Highlights
- 1,300 SF flex commercial building on 0.179 acres
- C‑1 Commercial zoning
- Adaptable layout for retail, office, warehouse, showroom, workspace, or storage
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
$8,430
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
8.44%
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%
$168,600
$168.6K
Cap Rate 7%
$120,429
$120.4K
Cap Rate 9%
$93,667
$93.7K
Market Conditions
NOI Build-Up for 1,300 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
$12.5K $9.60/SF
− Vacancy
−$437 −$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%
$168,600
Cap Rate 7%
$120,429
Cap Rate 9%
$93,667
Alternative Uses
Best Use
Retail
$120.4K
$105.4K – $140.5K
NOI $8,430 @ 7.0% cap · market cap 8.44%
Second Best
Industrial
$114.9K
$100.5K – $134.0K
NOI $8,040 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$282.2K
$246.9K – $329.2K
NOI $19,751 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - The building accommodates retail, office, warehouse, showroom, workspace, or storage functions.
Where is this flex space 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: 1,300 SF flex commercial building on 0.179 acres; C‑1 Commercial zoning; Adaptable layout for retail, office, warehouse, showroom, workspace, or storage
