Mixed-Use Property with Medical
For Sale
$595,000
9002 Ohio River Rd, Wheelersburg, OH 45694
Commercial Sale, Wheelersburg, OH
Property Size6,687 SF
Lot Size0.60 Acres
Price / SF$88.98
Days on Market559
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Property Features for 9002 Ohio River Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Medical
Subdivision
Wheelersburg
Standard status
Active
APN
See Private Remarks
Size
6,687 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
AVALON WHOLE 50 X 150 LOT 251 N-MAP 18-3D 8970 TEN
Tax Annual Amount
10469
Legal Description
AVALON WHOLE 50 X 150 LOT 251 N-MAP 18-3D 8970 TEN
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Roof type
Asbestos Shingle
Listing Agency:
REAL ESTATE GALLERY, INC.
(740) 574-9902
Listed By:
Jeremy Newman
(740) 285-4343
Added: Apr 5, 2025
Changed: Oct 8
Last Checked: Oct 15 at 1:06PM
MLS# 152528
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 6,687-square-foot mixed-use property includes more than 4,000 square feet of office space and two one-bedroom apartments. The office layout features five fully equipped dental operating rooms, a waiting area of almost 1,000 square feet, multiple offices, a lab, kitchenette, laundry room, and patient restroom. A private executive office has an adjoining full bathroom. One apartment includes an additional area that could serve as a second bedroom. The building has a brick exterior, high ceilings, skylights, and central air.
The property occupies 0.5996 acres and provides front parking for up to 20 cars. It was built in 2003, has Medical zoning, and is served by public water and sewer.
The property occupies 0.5996 acres and provides front parking for up to 20 cars. It was built in 2003, has Medical zoning, and is served by public water and sewer.
Key Highlights
- 6,687 square feet total, including more than 4,000 square feet of office space
- Office layout includes 5 dental operating rooms and a waiting area of almost 1,000 square feet
- Two one‑bedroom apartments; one has an additional area that could serve as a second bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,003
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,060
$1.1M
Cap Rate 7%
$771,471
$771.5K
Cap Rate 9%
$600,033
$600.0K
Market Conditions
NOI Build-Up for 6,687 SF
Gross rent
$106.7K $15.96/SF
− Vacancy
−$8.5K −$1.28/SF
EGI
$98.2K $14.68/SF
− OpEx
−$44.2K −$6.61/SF
NOI
$54.0K $8.08/SF
Area
Scioto County, OH
Vacancy
8.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,060
Cap Rate 7%
$771,471
Cap Rate 9%
$600,033
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.37M
NOI $81,981 @ 7.0% cap · market cap 13.78%
Second Best
Healthcare Medical
$1.14M
$995.6K – $1.33M
NOI $79,651 @ 7.0% cap · market cap 13.39%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,613 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Medical-zoned space pairs specialized office improvements with two on-site 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 feet total, including more than 4,000 square feet of office space; Office layout includes 5 dental operating rooms and a waiting area of almost 1,000 square feet; Two one‑bedroom apartments; one has an additional area that could serve as a second bedroom
