Corner Office
990 2nd Ave, Gallipolis, OH 45631
For Sale
Contact for pricing
COMMERCIAL, Gallipolis, OH
Property Size1,400 SF
Lot Size1.00 Acre
Price / SF$0.01
Days on Market241
Property Features for 990 2nd Ave
General Information
Property type
Property subtype
Lot features
Directions
Subdivision
Standard status
Lot size
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Listing Agency:
BUNCH REAL ESTATE ASSOCIATES
(740) 886-7214
Listed By:
Todd Jenkins · License OH #0028646
(304) 544-2929
Added: Mar 14
Changed: Oct 27
Last Checked: Nov 9 at 1:06PM
MLS# 183370
Copyright © 2026 Huntington Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office property provides approximately 1,400 square feet of open commercial space within a brick building constructed in 1960. The interior can accommodate office, reception, waiting, treatment, showroom, or other service-oriented configurations. Existing building systems include central heating supplied by natural gas and central air conditioning.
The property occupies a 1-acre corner lot at 990 2nd Ave in Gallipolis, Ohio, with frontage along two roads and a concreted parking area. Its position between the city’s business and retail districts places it near downtown, major routes, and local amenities. The layout and parking support a range of professional office and customer-facing commercial operations.
The property occupies a 1-acre corner lot at 990 2nd Ave in Gallipolis, Ohio, with frontage along two roads and a concreted parking area. Its position between the city’s business and retail districts places it near downtown, major routes, and local amenities. The layout and parking support a range of professional office and customer-facing commercial operations.
Key Highlights
- 1,400 sq ft +- office suite
- 1‑acre corner lot with dual road frontage
- Concreted off‑street parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,101
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,020
$322.0K
Cap Rate 7%
$230,014
$230.0K
Cap Rate 9%
$178,900
$178.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$23.9K $17.04/SF
− Vacancy
−$854 −$0.61/SF
EGI
$23.0K $16.43/SF
− OpEx
−$6.9K −$4.93/SF
NOI
$16.1K $11.50/SF
Area
Gallia County, OH
Vacancy
3.58%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,020
Cap Rate 7%
$230,014
Cap Rate 9%
$178,900
Alternative Uses
Best Use
Office B
$245.2K
$214.6K – $286.1K
NOI $17,164 @ 7.0% cap
Second Best
Retail
$230.0K
$201.3K – $268.4K
NOI $16,101 @ 7.0% cap
Theoretical Best
Office A
$282.0K
$246.8K – $329.0K
NOI $19,740 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible commercial space with open interiors, concrete parking, and convenient street access.
Where is this office unit located?
The property is located at 990 2nd Ave Gallipolis, OH.
What are key features of this property?
This property features: 1,400 sq ft +- office suite; 1‑acre corner lot with dual road frontage; Concreted off‑street parking area
