Freestanding Brick Building on
For Sale
Contact for pricing
Pending
4302 Gallia Street unit 1, New Boston, OH 45662
Commercial building on Gallia Street with high visibility.
Property Size2,100 SF
Days on Market798
Property Features for 4302 Gallia Street unit 1
General Information
Standard status
Pending
Size
2,100 SF
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Empire Realty, S. E.
Listed By:
Matt Schackart · License #OH
Source:
Crexi
Added: Aug 23, 2024
Changed: Oct 25
Last Checked: Oct 28 at 6:46AM
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 CENTURY 21 Empire Realty, S. E.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding brick commercial building is located on Gallia Street (SR 52 East) and Lakeview Avenue, which also intersects with SR 52 West. Situated on an intersection with both traffic lights and pedestrian crossings, the property offers a strategic position with high visibility. Key features include an updated roof membrane, central heating unit, ample basement storage, and convenient off-street parking. The building has a versatile layout that allows for the possibility of dividing the space into two separate commercial units. The property is suitable for establishing a new business or expanding an existing one.
Key Highlights
- High‑visibility location at a signalized intersection on Gallia Street (SR 52 East) and Lakeview Avenue.
- Versatile layout allows for division into two separate commercial units.
- Updated roof membrane.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,014
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,280
$180.3K
Cap Rate 7%
$128,771
$128.8K
Cap Rate 9%
$100,156
$100.2K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$13.4K $6.36/SF
− Vacancy
−$478 −$0.23/SF
EGI
$12.9K $6.13/SF
− OpEx
−$3.9K −$1.84/SF
NOI
$9.0K $4.29/SF
Area
Scioto County, OH
Vacancy
3.58%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,280
Cap Rate 7%
$128,771
Cap Rate 9%
$100,156
Alternative Uses
Best Use
Retail
$128.8K
$112.7K – $150.2K
NOI $9,014 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$446.9K
$391.0K – $521.4K
NOI $31,283 @ 7.0% cap · market cap 19.56%
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
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
165k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 57%
Dining 21%
Shops & Services 8%
Home Improvements & Furnishings 5%
Walmart
Superstores
93,993 visits/mo
0.3 miles
Arby's
Dining
11,902 visits/mo
0.4 miles
Bob Evans Restaurant
Dining
11,507 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
11,457 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
8,111 visits/mo
0.3 miles
Demographics for 45662, OH
27,718
Population
12,955
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
87%
High-School Grad
55.5 sq mi
ZIP Area
499
Density / Sq Mi
$37,345
Median Household Income
$30,399
Median Earnings
$756
Median Rent
$98,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial building on Gallia Street with high visibility.
Where is this retail space located?
The property is located at 4302 Gallia Street unit 1 New Boston, OH.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: High‑visibility location at a signalized intersection on Gallia Street (SR 52 East) and Lakeview Avenue.; Versatile layout allows for division into two separate commercial units.; Updated roof membrane.
