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    Property profile & analytics

    111 Pike St Marietta, OH 45750

    • Commercial real estate
    • 2,463 SF
    For Sale
    View listing
    $800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3467512
    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.

    Current Use by Public Records

    • East Of Chicago Pizza Company / Pizza Restaurant

    Property Details for 111 Pike St

    Year built
    1972
    Property size
    2,463 SF
    Property type
    Commercial real estate
    APN
    240005396000
    APU
    240005396000

    Description

    This exceptional commercial property at 111 Pike Street, Marietta, OH presents a compelling investment opportunity. Situated on a 0.6-acre lot in a high-traffic commercial corridor, this 2,463 square foot building benefits from unparalleled visibility alongside established national brands. The property's strategic location ensures consistent customer flow, further enhanced by its proximity to a local college and convenient access to the I-77 interchange. A reliable, long-term tenant is currently in place, providing immediate and stable income generation. Ample parking is available for both tenants and customers. The versatile space offers significant potential for a variety of commercial uses. This property represents a rare chance to acquire a high-demand asset in a growing market, promising continued success and strong return on investment. The asking price is $800,000. This is an exceptional opportunity for investors seeking a stable, high-visibility commercial property in a thriving Ohio market. Don't miss this chance to secure a valuable addition to your portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $381,000
      Market price range: $127k - $382k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $200,000
      Current use
      OFFICE BUILDING
      $415,000
      Change: +107% Conversion: Easy
      RETAIL STORES
      $260,000
      Change: +31% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marietta
    County
    Washington
    State
    Ohio
    Longitude
    -81.4418
    Latitude
    39.415
    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
    $4,521
    $15,980
    $86,140
    $102,120
    -
    $45,650
    $246,120
    $291,770

    Comparable in this City

    • Value Estimation
      $255,000
      2.32 Acres

      1300 Blue Knob Rd

      COMMERCIAL (GENERAL) • 2.32 Acres
      1300 Blue Knob Rd, Marietta, OH 45750-8280
      View Details
    • Value Estimation
      $250,000
      2.05 Acres

      863 Blue Knob Rd

      COMMERCIAL (GENERAL) • 2.05 Acres
      863 Blue Knob Rd, Marietta, OH 45750-8276
      View Details
    • Value Estimation
      $225,000
      40.28 Acres

      1143 Cisler Dr

      COMMERCIAL (GENERAL) • 40.28 Acres
      1143 Cisler Dr, Marietta, OH 45750-9448
      View Details
    • Value Estimation
      $225,000
      1.40 Acres

      500 Ft St

      COMMERCIAL (GENERAL) • 1.40 Acres
      500 Ft St, Marietta, OH 45750
      View Details
    • Value Estimation
      $235,000
      2.45 Acres

      State Rt 821

      COMMERCIAL (GENERAL) • 2.45 Acres
      State Rt 821, Marietta, OH 45750
      View Details
    • Value Estimation by Request

      2nd St

      COMMERCIAL (GENERAL)
      2nd St, Marietta, OH 45750
      View Details

    Similar Nearby for Sale

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      Prime Marietta Land - High Visibility

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    • $800,000
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      Marietta Commercial Building - High Traffic

      Prime Marietta location, strong tenant, high visibility.
      111 Pike St, Marietta, OH 45750
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      3.00 Acres

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      Established Brewery, Restaurant, & Equipment Included
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    Similar Nearby for Lease

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      1,600 SF

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    • $20 SF/Yr
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      9,147 SF

      Updated Retail Space Available

      Recently updated commercial space with parking and street visibility.
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    • Contact for pricing
      2,800 SF

      Retail Spaces in Marietta Shopping Area

      Retail spaces available in Marietta, near I-77 and Marietta College.
      450 Pike St, Marietta, OH 45750
      View Details
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    111 Pike St
    Marietta, OH 45750
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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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