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    10595 State Route 550 Vincent, OH 45784

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    10595 State Route 550 Vincent, OH 45784

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    • Office buildings
    • 2,800 SF
    • 0.36 lot acres
    For Sale
    $600,000
    View Listing →
    Prime Vincent, OH Office Building For Sale
    $600,000

    Prime Vincent, OH Office Building

    Spacious Office Building with Ample Parking

    10595 State Route 550, Vincent, OH 45784
    View Listing
    Property ID
    US66-3325901
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 10595 State Route 550

    Year built
    1997
    Lot size
    0.36 lot acres
    Property size
    2,800 SF
    Property type
    Office buildings
    APN
    50013032000
    APU
    50013032000

    Description

    This exceptional commercial property, located at 10595 State Route 550 in Vincent, Ohio, presents a unique investment opportunity. The building boasts a substantial 5600 square feet of finished space, meticulously divided to maximize functionality and efficiency. The main level encompasses 2800 square feet, featuring six individual offices, two well-appointed bathrooms, and two spacious conference rooms, all complemented by a welcoming front desk and waiting area. The lower level mirrors this functionality, offering an additional 2800 square feet with two offices, two bathrooms, and three generously sized conference rooms. Ample parking is provided with 17 designated spaces, ensuring convenience for both employees and clients. The building is equipped with a forced air gas furnace and central air conditioning, guaranteeing year-round comfort. Furthermore, it benefits from the convenience of city water and public sewer connections. This property is currently under lease, providing immediate income potential. Serious inquiries only from pre-approved buyers are encouraged. The 0.36-acre lot offers potential for future expansion or development. This is an excellent opportunity to acquire a well-maintained, income-producing commercial property in a desirable location. The property's layout and features make it ideal for a variety of businesses seeking a professional and functional workspace. The existing lease provides a stable income stream, making this a compelling investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vincent
    County
    Washington
    State
    Ohio
    Longitude
    -81.6654
    Latitude
    39.3989
    CBSA code
    31930
    CBSA name
    MARIETTA, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,879
    $3,020
    $74,980
    $78,000
    -
    $8,640
    $214,230
    $222,870

    Comparable in this City

    • Value Estimation by Request
      216 SF

      10880 State Rte 550

      OFFICE BUILDING • 216 SF
      10880 State Rte 550, Vincent, OH 45784-5048
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    • Value Estimation
      $515,000
      3,472 SF

      10 White Oak Professional Ctr

      OFFICE BUILDING • 3,472 SF
      10 White Oak Professional Ctr, Vincent, OH 45784-8101
      View Details
    • Value Estimation by Request
      240 SF

      5000 State Rte 339

      OFFICE BUILDING • 240 SF
      5000 State Rte 339, Vincent, OH 45784-5100
      View Details
    • Value Estimation by Request
      3,461 SF

      220 Sweetapple Rd

      OFFICE BUILDING • 3,461 SF
      220 Sweetapple Rd, Vincent, OH 45784-5005
      View Details
    • Value Estimation by Request
      1,536 SF

      10650 State Rte 550

      OFFICE BUILDING • 1,536 SF
      10650 State Rte 550, Vincent, OH 45784
      View Details
    • Value Estimation
      $720,000
      6,240 SF

      4815 State Rte 339

      OFFICE BUILDING • 6,240 SF
      4815 State Rte 339, Vincent, OH 45784-5112
      View Details

    Similar Nearby for Sale

    • $250,000
      1,810 SF

      Move-in Ready Commercial Space

      Well-maintained commercial space suitable for retail, medical, or office use.
      8550 State Route 339 South, Vincent, OH 45784
      View Details
    • $600,000
      0.36 Acres

      Prime Vincent, OH Office Building

      Spacious Office Building with Ample Parking
      10595 State Route 550, Vincent, OH 45784
      View Details
    • $200,000
      2,640 SF

      Former Auto Body Repair Shop

      Former auto body repair shop, customization options available.
      8610 State Route 339, Vincent, OH 45784
      View Details
    View Listing
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    Vincent, OH 45784
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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