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    2145 Eastern Ave Gallipolis, OH 45631

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    2145 Eastern Ave Gallipolis, OH 45631

    View on Map
    • Super regional malls
    • 22,200 SF
    • 3.41 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Retail Space in Gallipolis, OH For Lease
    $18 SF/Yr
    4,200 SF

    Retail Space in Gallipolis, OH

    Retail space available for lease in Gallipolis, Ohio.

    2145 Eastern Ave, Gallipolis, OH
    View Listing
    Property ID
    US66-4851304
    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

    • Super regional malls

    Property Details for 2145 Eastern Ave

    Year built
    1998
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.41 lot acres
    Property size
    22,200 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    705105009
    APU
    705105009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,880,000
      APARTMENT HOUSE (5+ UNITS)
      $2,080,000
      MEDICAL BUILDING
      $1,990,000
      OFFICE BUILDING
      $1,930,000
      RESTAURANT
      $1,750,000
      AUTO REPAIR, GARAGE
      $1,725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gallipolis
    County
    Gallia
    State
    Ohio
    Longitude
    -82.1705
    Latitude
    38.8226
    CBSA code
    38580
    CBSA name
    POINT PLEASANT, WV-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
    2023
    $45,451
    $263,210
    $744,080
    $1,007,290
    -
    $752,030
    $2,125,950
    $2,877,980

    Comparable in this City

    • Value Estimation
      $2,435,000
      23,200 SF

      1184 Jackson Pike

      REGIONAL SHOPPING CENTER, MALL • 23,200 SF
      1184 Jackson Pike, Gallipolis, OH 45631-2600
      View Details
    • Value Estimation
      $2,360,000
      22,300 SF

      1129 Jackson Pike

      REGIONAL SHOPPING CENTER, MALL • 22,300 SF
      1129 Jackson Pike, Gallipolis, OH 45631-1383
      View Details
    • Value Estimation
      $3,240,000
      85,022 SF

      185 Uppr Riv Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 85,022 SF
      185 Uppr Riv Rd, Gallipolis, OH 45631-1836
      View Details
    • Value Estimation
      $4,805,000
      76,268 SF

      61 Uppr Riv Rd

      SHOPPING CENTER, STRIP CENTER • 76,268 SF
      61 Uppr Riv Rd, Gallipolis, OH 45631
      View Details
    • Value Estimation
      $1,965,000
      74,796 SF

      Riv Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 74,796 SF
      Riv Rd, Gallipolis, OH 45631
      View Details
    • Value Estimation by Request
      87,373 SF

      5 Ohio River Plz

      Power centers • 87,373 SF
      5 Ohio River Plz, Gallipolis, OH 45631
      View Details

    Similar Nearby for Sale

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      Former Pharmacy in Gallipolis, OH

      Retail property in high-traffic area, suitable for various businesses.
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      23,200 SF

      Retail Strip Center Investment Opportunity

      High-occupancy retail strip center with income potential on Jackson Pike.
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    • $2,950,000
      3.00 Acres

      Prime Retail Land in Gallipolis

      3 acres in Gallipolis' retail district, high visibility and traffic.
      Eastern Ave, Gallipolis, OH 45631
      View Details
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      1,987 SF

      Versatile Garage with Office Space

      Well-maintained garage with offices, secure yard, ideal for various businesses.
      1541 State Route 7, Gallipolis, OH 45631
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      2,268 SF

      High-Traffic Retail/Commercial Opportunity

      Versatile property with high visibility and multiple potential uses.
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      1,400 SF

      Versatile Commercial Space in Gallipolis

      1,400 sq ft commercial space in high-traffic Gallipolis location.
      990 2Nd Ave, Gallipolis, OH 45631
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    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Ohio River Plaza

      Retail space available in premier shopping center, Gallipolis, Ohio.
      5-61 Ohio River Plz, Gallipolis, OH 45631
      View Details
    • Contact for pricing

      Premier Retail Shopping Center Space

      Retail space available in premier shopping center, Gallipolis, Ohio.
      5 Ohio River Plz, Gallipolis, OH 45631
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space in Gallipolis, OH

      Retail space available for lease in Gallipolis, Ohio.
      2145 Eastern Ave, Gallipolis, OH 45631
      View Details
    • Contact for pricing
      1,944 SF

      Retail Space in Gallipolis Plaza

      Retail space available in a high-traffic Gallipolis shopping center.
      416 Silver Bridge Plz, Gallipolis, OH 45631
      View Details
    • Contact for pricing

      Retail/Restaurant Space For Lease

      Retail or restaurant space available for lease.
      304 Upper River Rd, Gallipolis, OH 45631
      View Details
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    Gallipolis, OH 45631
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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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