Commercial Expansion Ground For
For Sale
$249,000
919 Orchard Street, Zanesville, OH 43701
Commercial expansion ground with interstate access, suitable for various uses.
Property Size1,128 SF
Lot Size0.10 Acres
Price / SF$220.74
Days on Market889
Property Features for 919 Orchard Street
General Information
Standard status
Active
Size
1,128 SF
Lot size
0.10 Acres
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$406
Building Details
Building Size
1,128 SF
Year Built
1901
Listing Agency:
Olde Town Realty
(740) 607-4750
Listed By:
Alan Wilson · License #2003017451
(740) 607-4750
Source:
Camtaylor
Added: Mar 18, 2024
Changed: Aug 23
Last Checked: Aug 22 at 7:01PM
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 Olde Town Realty
Investment Insights
Based on property information with market context.
This property offers 5229 square feet of commercial expansion ground, situated just off US60 and in sight of Interstate 70. The site, with dimensions of 63 feet of frontage by 83 feet deep, is surrounded by additional vacant ground, making it suitable for a variety of uses. These include restaurants, motels, retail, office or medical facilities, apartments, and warehouses. Currently, there is one rental residence on the property. The city and county have designated this area as prime for commercial expansion. All utilities are available, including sewer, water, gas, and electric. The location features paved streets and easy interstate access. Additional information is available from the Agent or Port Authority. The property size is 1128 square feet.
Key Highlights
- Prime commercial expansion ground designated by City and County
- High visibility and easy access to Interstate 70 and US60
- 5229 sq ft of land suitable for various commercial uses
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
$12,670
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
5.09%
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%
$253,400
$253.4K
Cap Rate 7%
$181,000
$181.0K
Cap Rate 9%
$140,778
$140.8K
Market Conditions
NOI Build-Up for 1,128 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
$21.7K $19.20/SF
− Vacancy
−$4.8K −$4.22/SF
EGI
$16.9K $14.98/SF
− OpEx
−$4.2K −$3.74/SF
NOI
$12.7K $11.23/SF
Area
Muskingum County, OH
Vacancy
22.00%
Lease Rate
$19.20 /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%
$253,400
Cap Rate 7%
$181,000
Cap Rate 9%
$140,778
Alternative Uses
Best Use
Office B
$181.0K
$158.4K – $211.2K
NOI $12,670 @ 7.0% cap · market cap 5.09%
Second Best
Warehouse
$121.0K
$105.9K – $141.2K
NOI $8,471 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$244.8K
$214.2K – $285.6K
NOI $17,138 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial expansion ground with interstate access, suitable for various uses.
Where is this commercial land located?
The property is located at 919 Orchard Street Zanesville, OH.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Prime commercial expansion ground designated by City and County; High visibility and easy access to Interstate 70 and US60; 5229 sq ft of land suitable for various commercial uses
