751 Jackson Pike, Gallipolis, OH 45631
For Sale
$249,000
Well-equipped shop with two garage bays, retail/lobby space, storage, and included compressor and lift.
Property Size2,016 SF
Lot Size1.00 Acre
Price / SF$123.51
Days on Market161
Property Features for 751 Jackson Pike
General Information
Standard status
Property type
Size
Lot size
Building Details
Year Built
Listed By:
Melissa Bowman
(740) 446-3644
Added: Jun 4
Changed: Jun 25
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,284
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,680
$165.7K
Cap Rate 7%
$118,343
$118.3K
Cap Rate 9%
$92,044
$92.0K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$12.9K $6.41/SF
− Vacancy
−$1.1K −$0.54/SF
EGI
$11.8K $5.87/SF
− OpEx
−$3.6K −$1.76/SF
NOI
$8.3K $4.11/SF
Area
Gallia 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 Rate 5%
$165,680
Cap Rate 7%
$118,343
Cap Rate 9%
$92,044
Alternative Uses
Best Use
Retail
$331.2K
$289.8K – $386.4K
NOI $23,186 @ 7.0% cap · market cap 9.31%
Second Best
Industrial
$118.3K
$103.6K – $138.1K
NOI $8,284 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$406.1K
$355.3K – $473.8K
NOI $28,425 @ 7.0% cap · market cap 11.42%
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
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- B&B Tire and Exhaust — 751 Jackson Pike, Gallipolis, OH 45631
Frequently Asked Questions
What type of property is this?
Auto shop - Well-equipped shop with two garage bays, retail/lobby space, storage, and included compressor and lift.
Where is this auto shop located?
The property is located at 751 Jackson Pike Gallipolis, OH.
What is the asking price?
The asking price for this property is $249,000.
