Medical Office with Detached
For Sale
$525,000
8407 Downtown Hayport Road, Wheelersburg, OH 45694
Six office rooms, reception and break areas, and accessible entry create a flexible professional layout.
Property Size3,200 SF
Price / SF$164.06
Days on Market10
Property Features for 8407 Downtown Hayport Road
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Office Units
6
Currently Operating
Yes
Property Use
Medical Office
Amenities
spacious reception area
break room
handicap entrance
Building Details
Building Size
3,200 SF
Year Built
1978
Units
1
Listing Agency:
Euton Realty
Listed By:
Robyn, Marsh
(740) 574-2519
Source:
Sinclairre
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 24 at 2:52PM
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 Euton Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1978, this 3,200-square-foot medical office property has six office rooms, a spacious reception area, a break room, and two half baths. The layout is arranged to accommodate two separate offices, and an accessible side entrance serves the building. A detached garage provides two additional storage rooms.
The property includes two Trane heat pumps and furnaces installed in 2014, two hot water tanks, separate gas and electric meters, and two 100-amp breakers. On-site parking and two exterior AEP lights are also provided.
The property includes two Trane heat pumps and furnaces installed in 2014, two hot water tanks, separate gas and electric meters, and two 100-amp breakers. On-site parking and two exterior AEP lights are also provided.
Key Highlights
- 3,200 property size
- Six office spaces and a reception area
- Layout accommodates two separate offices, with a break room and two half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,231
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,620
$784.6K
Cap Rate 7%
$560,443
$560.4K
Cap Rate 9%
$435,900
$435.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$68.7K $21.48/SF
− Vacancy
−$16.4K −$5.13/SF
EGI
$52.3K $16.35/SF
− OpEx
−$13.1K −$4.09/SF
NOI
$39.2K $12.26/SF
Area
Scioto County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,620
Cap Rate 7%
$560,443
Cap Rate 9%
$435,900
Alternative Uses
Best Use
Office B
$560.4K
$490.4K – $653.9K
NOI $39,231 @ 7.0% cap · market cap 7.47%
Second Best
Healthcare Medical
$544.5K
$476.5K – $635.3K
NOI $38,116 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45694, OH
11,783
Population
5,397
Households
2.2
Avg Household Size
43
Median Age
24%
College-Educated
93%
High-School Grad
67.9 sq mi
ZIP Area
174
Density / Sq Mi
$64,482
Median Household Income
$40,689
Median Earnings
$784
Median Rent
$197,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Six office rooms, reception and break areas, and accessible entry create a flexible professional layout.
Where is this medical office space located?
The property is located at 8407 Downtown Hayport Road Wheelersburg, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,200 property size; Six office spaces and a reception area; Layout accommodates two separate offices, with a break room and two half baths
