Building Details

Building Size 6,687 SF

Year Built 2003

Units 3

Listing Agency: Real Estate Gallery, Inc. n***@realestategallery.com Show Phone

Listed By: Jeremy, Newman Show Phone

Source: Sinclairre

Added: Oct 16 Changed: Oct 24 Last Checked: Oct 24 at 3:17PM

Report an Issue

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 Real Estate Gallery, Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 6,687-square-foot mixed-use property in Wheelersburg includes more than 4,000 square feet of office space and two one-bedroom apartments. The office layout has five dental operating rooms, a waiting area of nearly 1,000 square feet, multiple offices, a lab, kitchenette, laundry room, patient restroom, and an executive office with a full bath. One apartment also has an additional area that could serve as a second bedroom.

Built in 2003, the building has a brick exterior, high ceilings, and skylights. Parking in front accommodates up to 20 cars. The property is zoned Medical.

Key Highlights

• 6,687‑square‑foot property with more than 4,000 square feet of office space
• Five dental operating rooms and a waiting area of nearly 1,000 square feet
• Two one‑bedroom apartments; one includes an area that could serve as a second bedroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,385

Cap Rate

3.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$447,700 $447.7K

Cap Rate 7%

$319,786 $319.8K

Cap Rate 9%

$248,722 $248.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,687 SF

Gross rent

$39.2K $5.86/SF

− Vacancy

−$3.4K −$0.50/SF

EGI

$35.8K $5.36/SF

− OpEx

−$13.4K −$2.01/SF

NOI

$22.4K $3.35/SF

Area

Scioto County, OH

Vacancy

8.60%

Lease Rate

$5.86 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$447,700

Cap Rate 7%

$319,786

Cap Rate 9%

$248,722

Alternative Uses

Best Use

Office B

$1.17M

$1.02M – $1.37M (±1% cap)

NOI $81,981 @ 7.0% cap · market cap 13.78%

Second Best

Healthcare Medical

$1.14M

$995.6K – $1.33M (±1% cap)

NOI $79,651 @ 7.0% cap · market cap 13.39%

Theoretical Best

Office A

$1.42M

$1.25M – $1.66M (±1% cap)

NOI $99,613 @ 7.0% cap · market cap 16.74%

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

Center For Oral & Facial ... Dental Office Prather Oral Facial ... Dental Office

Suggested Use

Top Pick Real Estate Agency HVAC Service Law Firm Bakery (Bike/Boat/Book/etc) Store Garden 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.

Location Intelligence

Trade Area within ½ mile

241

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

Similar For Sale Nearby

See more

Six-Office Building with Detached Garage

8407 Downtown Hayport Road, Wheelersburg, OH 45694

$525,000

3,200 SF

View details

Mixed-Use Property with Medical Office

11826 Gallia Pike, Wheelersburg, OH 45694

$1,300,000

14,265 SF

View details

Healthcare-Configured Office Building

1-8407 Hayport Rd, Wheelersburg, OH 45694

$525,000

3,200 SF

View details

Two-Level Storefront

11801 Gallia Pike, Wheelersburg, OH 45696

$345,000

2,682 SF

View details

Church Property with Gathering Space

477 Dewey Ave, Wheelersburg, OH 45694

$160,000

2,883 SF

View details

Six-Room Theater Property

8805 Ohio River Rd., Wheelersburg, OH 45694

$1,500,000

24,561 SF

View details

Flexible Retail-Office Space

8328 Ohio River Rd, Wheelersburg, OH 45694

$450,000

View details

Brick Specialty Property

1606 Dogwood Ridge Road, Wheelersburg, OH 45694

Contact for pricing

0.38 Acres

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Medical-zoned property combines extensive office space with two one-bedroom apartments.

Where is this mixed-use property located?

The property is located at 9002 Ohio River Rd Wheelersburg, OH.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: 6,687‑square‑foot property with more than 4,000 square feet of office space; Five dental operating rooms and a waiting area of nearly 1,000 square feet; Two one‑bedroom apartments; one includes an area that could serve as a second bedroom