Mixed-Use Property with
New
For Sale
$399,900
870 Orchard Hill Road, Zanesville, OH 43701
Commercial space includes reception, treatment rooms, a private office, and a separately accessed residential unit.
Property Size2,560 SF
Price / SF$249.94
Days on Market4
Property Features for 870 Orchard Hill Road
General Information
Standard status
Active
Size
2,560 SF
Total Parking Spaces
12
Zoning
Commercial
Space & Availability
Floor
Main Level
Condition
Move-in Ready
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$3,989
Amenities
ADA accessibility
true
false
Public
0.399
12
Assessor
Asphalt,Paved,Parking Lot
Slab
2560
Building Details
Building Size
2,560 SF
Year Built
1948
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
(304) 501-5212
Listed By:
Patrick Lucey
Source:
Karenullomrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:38PM
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 Patrick Lucey
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Investment Insights
Based on property information with market context.
The property combines approximately 1,600 square feet of commercial space on the main level with a separately accessed, newly remodeled second-floor apartment of approximately 960 square feet. The commercial layout includes a reception and waiting area, three treatment rooms, a kitchen, three half baths, and a private office with its own half bath and entrance. ADA accessibility, new flooring, fresh paint, and updated windows are among the improvements.
The apartment contains two bedrooms and one bathroom. Twelve parking spaces serve the property, which is located in Zanesville’s north end near shopping, restaurants, and Genesis Hospital.
The apartment contains two bedrooms and one bathroom. Twelve parking spaces serve the property, which is located in Zanesville’s north end near shopping, restaurants, and Genesis Hospital.
Key Highlights
- Approximately 1,600 square feet of main‑level commercial space
- Three treatment rooms, reception and waiting area, kitchen, and private office
- Second‑floor apartment offers approximately 960 square feet, two bedrooms, and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,953
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,060
$379.1K
Cap Rate 7%
$270,757
$270.8K
Cap Rate 9%
$210,589
$210.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$34.6K $21.60/SF
− Vacancy
−$3.0K −$1.86/SF
EGI
$31.6K $19.74/SF
− OpEx
−$12.6K −$7.90/SF
NOI
$19.0K $11.85/SF
Area
Muskingum County, OH
Vacancy
8.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,060
Cap Rate 7%
$270,757
Cap Rate 9%
$210,589
Alternative Uses
Best Use
Healthcare Medical
$270.8K
$236.9K – $315.9K
NOI $18,953 @ 7.0% cap · market cap 4.74%
Second Best
Office B
$256.7K
$224.6K – $299.5K
NOI $17,971 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$347.3K
$303.9K – $405.2K
NOI $24,309 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space includes reception, treatment rooms, a private office, and a separately accessed residential unit.
Where is this mixed-use property located?
The property is located at 870 Orchard Hill Road Zanesville, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Approximately 1,600 square feet of main‑level commercial space; Three treatment rooms, reception and waiting area, kitchen, and private office; Second‑floor apartment offers approximately 960 square feet, two bedrooms, and one bathroom
