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    Property profile & analytics

    61240 Southgate Rd Cambridge, OH 43725-8945

    • Grocery and convenience stores
    • 18,400 SF
    • 2.11 lot acres
    OFF-MARKET
    Value Estimations
    $1,760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4712146
    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

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 61240 Southgate Rd

    Year built
    2004
    Lot size
    2.11 lot acres
    Property size
    18,400 SF
    Property type
    Grocery and convenience stores
    APN
    50-0000007.003
    APU
    500000007003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,957,000
      Market price range: $687k - $1.96M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,365,000
      Current use
      RESTAURANT
      $2,390,000
      Change: +75% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,350,000
      Change: +72% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,205,000
      Change: +61% Conversion: Difficult
      MEDICAL BUILDING
      $1,370,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.5726
    Latitude
    39.9896
    CBSA code
    15740
    CBSA name
    CAMBRIDGE, 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
    $30,689
    $159,236
    $362,865
    $522,101
    -
    $454,960
    $1,036,758
    $1,491,718

    Comparable in this City

    • Value Estimation by Request
      5,040 SF

      232 Dewey Ave

      GROCERY, SUPERMARKET • 5,040 SF
      232 Dewey Ave, Cambridge, OH 43725-2650
      View Details
    • Value Estimation
      $1,860,000
      50,148 SF

      55 23rd St

      GROCERY, SUPERMARKET • 50,148 SF
      55 23rd St, Cambridge, OH 43725-2180
      View Details
    • Value Estimation by Request
      11,712 SF

      511 Steubenville Ave

      GROCERY, SUPERMARKET • 11,712 SF
      511 Steubenville Ave, Cambridge, OH 43725-2239
      View Details
    • Value Estimation by Request
      2,800 SF

      1940 Wheeling Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      1940 Wheeling Ave, Cambridge, OH 43725-2157
      View Details
    • Value Estimation by Request

      11th St

      RETAIL STORES (PERSONAL SERVICES)
      11th St, Cambridge, OH 43725
      View Details
    • Value Estimation by Request
      3,640 SF

      2325 Wheeling Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,640 SF
      2325 Wheeling Ave, Cambridge, OH 43725-2127
      View Details

    Similar Nearby for Sale

    • $239,900
      1.21 Acres

      Prime Commercial Land Opportunity

      High-traffic location ideal for retail, food service, or lodging.
      2309 Southgate Rd, Cambridge, OH 43725
      View Details
    • Contact for pricing
      7,936 SF

      Commercial Property with Showroom, Office

      Commercial property featuring showroom, office space, and fabricating room.
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      Iconic restaurant & banquet facility, high-traffic location.
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      0.64 Acres

      Parkway Plaza Land: Cambridge, OH

      Prime Retail Land, I-70 Visibility
      61690 Southgate Rd, Cambridge, OH 43725
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    • $849,000
      0.40 Acres

      Versatile Office Space in Cambridge

      Four-level office building in downtown Cambridge with on-site parking.
      927 Wheeling Ave, Cambridge, OH 43725
      View Details
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      Cambridge Duplex with Income Potential

      2002-built duplex on two parcels, great income potential.
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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Cambridge, OH

      Retail space available in a shopping center anchored by Tractor Supply.
      2101-2163 Southgate Pkwy, Cambridge, OH 43725
      View Details
    • $1,200 /Mo
      42,253 SF

      Versatile Commercial Space in Cambridge

      Well-maintained commercial property suitable for various business uses.
      2325 E Wheeling Ave, Cambridge, OH 43725
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    • Contact for pricing
      6,000 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      61205-61279 Southgate Rd, Cambridge, OH 43725
      View Details
    • $18 SF/Yr
      247,944 SF

      Retail Space in High-Traffic Location

      Commercial retail space in a high-traffic, high-visibility location.
      61600 Southgate Rd, Cambridge, OH 43725
      View Details
    • $13 SF/Yr
      247,944 SF

      Retail Space in High-Traffic Location

      Commercial retail space in high-visibility location near the interstate.
      61600 Southgate Rd, Cambridge, OH 43725
      View Details
    • $20 SF/Yr
      20,735 SF

      Cambridge Commercial Property with Drive-Through

      Versatile commercial property in high-traffic area with drive-through window.
      1821 E Wheeling Ave, Cambridge, OH 43725
      View Details

    Property Visit Statistics

    • Visits by month
      23.1k
    • Visitors by month
      16.4k
    • Avg Time on site
      22 min
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    61240 Southgate Rd
    Cambridge, OH 43725-8945
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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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