Medical Office Building with
For Sale
$549,900
8407 Downtown Hayport Road, Wheelersburg, OH 45694
COMMERCIAL - Wheelersburg, OH
Property Size3,200 SF
Lot Size0.75 Acres
Price / SF$171.84
Days on Market121
Property Features for 8407 Downtown Hayport Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Wheelersburg
Standard status
Active
APN
17-4240.000
Size
3,200 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
Maple Terrace Pt. 0.747 Lot3
Tax Annual Amount
6776
Legal Description
Maple Terrace Pt. 0.747 Lot3
Amenities
break room
handicap entrance
detached garage with two storage units
on-site parking
two AEP outside lights
Building Details
Year built
1978
Listing Agency:
Euton Realty
(740) 574-2519
Listed By:
Robyn Marsh
(740) 574-2519
Added: Apr 23
Changed: Aug 18
Last Checked: Aug 21 at 9:06PM
MLS# 155457
Copyright © 2026 Greater Portsmouth Area Multiple Listing Service. 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 3,200-square-foot medical office property was built in 1978 and is currently operating as Alternative Nursing and Health Care. The interior includes a reception area, six office spaces, two half baths, a break room, and a layout designed for two separate offices. A handicap-accessible side entrance serves the building.
Building systems include two separate Trane heat pumps/furnaces installed in 2014, two hot water tanks, separate gas and electric meters, and two separate 100 amp breakers. The site includes on-site parking and two AEP exterior lights. A detached garage measures 24'3 x 29'10 and contains two storage rooms. The property is located at 8407 Downtown Hayport Road in Wheelersburg, Ohio, on 0.747 acres and is zoned Commercial.
Building systems include two separate Trane heat pumps/furnaces installed in 2014, two hot water tanks, separate gas and electric meters, and two separate 100 amp breakers. The site includes on-site parking and two AEP exterior lights. A detached garage measures 24'3 x 29'10 and contains two storage rooms. The property is located at 8407 Downtown Hayport Road in Wheelersburg, Ohio, on 0.747 acres and is zoned Commercial.
Key Highlights
- 3,200 square feet of medical office space on 0.747 acres
- Six large office spaces, two half baths, reception area, and break room
- Detached garage measuring 24'3 x 29'10 with two storage rooms
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
$39,231
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
7.13%
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%
$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
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
$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 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%
$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 7.13%
Second Best
Healthcare Medical
$544.5K
$476.5K – $635.3K
NOI $38,116 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$681.0K
$595.9K – $794.5K
NOI $47,669 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Six offices, accessible entry, dual utility meters, and on-site parking support flexible operations.
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 $549,900.
What are key features of this property?
This property features: 3,200 square feet of medical office space on 0.747 acres; Six large office spaces, two half baths, reception area, and break room; Detached garage measuring 24'3 x 29'10 with two storage rooms
