Building Details

Year built 1978

Listing Agency: Euton Realty

Listed By: Robyn Marsh Show Phone

Added: Apr 23 Changed: Aug 25 Last Checked: Oct 6 at 11:06PM

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MLS# 155457

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Investment Insights

Based on property information with market context.

This 3,200-square-foot office building, constructed in 1978, includes six private office rooms, a reception foyer, break room, and two half baths. The interior configuration supports separation into two office areas, with a side entrance designed for handicap access. The property also includes a detached garage with two storage rooms and on-site parking.

The 0.747-acre parcel carries Commercial zoning and is located at 8407 Downtown Hayport Road in Wheelersburg, Ohio. Building systems include two Trane heat pumps or furnaces installed in 2014, two hot water tanks, separate gas and electric meters, and two separate 100 amp breakers. Two AEP exterior lights serve the site.

Key Highlights

• 3,200 square feet on a 0.747‑acre Commercial‑zoned parcel
• Six office spaces, reception foyer, break room, and two half baths
• Detached 1,214 Sq Ft garage with two storage rooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,231

Cap Rate

7.13%

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 (±1% cap)

NOI $39,231 @ 7.0% cap · market cap 7.13%

Second Best

Healthcare Medical

$544.5K

$476.5K – $635.3K (±1% cap)

NOI $38,116 @ 7.0% cap · market cap 6.93%

Theoretical Best

Office A

$681.0K

$595.9K – $794.5K (±1% cap)

NOI $47,669 @ 7.0% cap · market cap 8.67%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service (Bike/Boat/Book/etc) Store Locksmith Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Office units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Six offices, two half baths, and a divided layout support flexible professional operations.

Where is this office building located?

The property is located at 8407 Downtown Hayport Road Wheelersburg, OH.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: 3,200 square feet on a 0.747‑acre Commercial‑zoned parcel; Six office spaces, reception foyer, break room, and two half baths; Detached 1,214 Sq Ft garage with two storage rooms