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    61501 Southgate Rd Cambridge, OH 43725
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    Property profile & analytics

    61501 Southgate Rd, Cambridge, OH 43725

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    • Office buildings
    • 25,665 SF
    • 20.94 lot acres
    For Lease
    $6,250/Mo
    View Listing →
    Cambridge Office Space For Rent For Lease
    $6,250/Mo

    Cambridge Office Space For Rent

    Conveniently located office space in high-traffic Walmart Plaza.

    61501 Southgate, Cambridge, OH 43725
    View Listing
    Property ID
    US66-4877824
    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 61501 Southgate Rd

    Year built
    2004
    Lot size
    20.94 lot acres
    Property type
    Office buildings
    APN
    07-0007933.000
    APU
    70007933000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,595,000
      6.5%
      $5,165,000
      7%
      $4,795,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,525,000
      Market price range: $1.71M - $5.53M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.577
    Latitude
    39.9928
    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
    $92,063
    $250,344
    $1,359,582
    $1,609,926
    -
    $715,270
    $3,884,520
    $4,599,790

    Comparable in this City

    • Value Estimation by Request
      810 SF

      3044 Glenn Hwy

      OFFICE BUILDING
      3044 Glenn Hwy, Cambridge, OH 43725
      View Details
    • Value Estimation by Request
      0.18 Acres

      324 1st St

      OFFICE BUILDING
      324 1st St, Cambridge, OH 43725-1252
      View Details
    • Value Estimation
      $705,000
      16,084 SF

      1225 Woodlawn Ave

      OFFICE BUILDING
      1225 Woodlawn Ave, Cambridge, OH 43725-3094
      View Details
    • Value Estimation
      $650,000
      3,632 SF

      941 Steubenville Ave

      OFFICE BUILDING
      941 Steubenville Ave, Cambridge, OH 43725-2371
      View Details
    • Value Estimation by Request
      1,621 SF

      841 Steubenville Ave

      OFFICE BUILDING
      841 Steubenville Ave, Cambridge, OH 43725-2301
      View Details
    • Value Estimation by Request
      2,280 SF

      441 Wheeling Ave

      OFFICE BUILDING
      441 Wheeling Ave, Cambridge, OH 43725-2247
      View Details

    Similar Nearby for Sale

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      13,945 SF

      Versatile Office Space in Cambridge

      Four-level office building in historic downtown Cambridge.
      927 Wheeling Ave, Cambridge, OH 43725
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    • $415,000
      0.50 Acres

      Cambridge Office Building For Sale

      Spacious office building with new roof, convenient location, and accessibility.
      1175 South 13Th St, Cambridge, OH 43725
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    • $349,900
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      Adaptable Commercial Building on Woodlawn

      Spacious commercial building with flexible layout and ample parking.
      918 Woodlawn Ave, Cambridge, OH 43725
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    • $369,999
      4,500 SF

      Cambridge Office Building - Prime Location

      Spacious office, flexible layout, great access.
      918 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • Contact for pricing
      4,500 SF

      Spacious Commercial Building on Woodlawn

      Adaptable 4,500 sq ft commercial building with ample parking.
      918 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • $1,750,000
      69,513 SF

      Warehouse with Long-Term Tenants

      69,513 sq ft warehouse with NNN leases for sale.
      1101 Woodlawn Ave, Cambridge, OH 43725
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo
      87,120 SF

      Renovated Office Space for Lease

      9,800 SF commercial office, ideal for mental health facility.
      2050 E Wheeling Ave, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Remodeled Office Space with Yard

      Cambridge office space featuring a lay down yard and parking.
      1101 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • $2,700 /Mo
      8,712 SF

      Downtown Cambridge Professional Office Space

      Adaptable office space in the heart of Cambridge's business district.
      927 Wheeling Ave, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Clean Warehouse Space For Lease

      Warehouse space with loading docks, office, and 3-phase electric.
      Southgate Rd, Cambridge, OH 43725
      View Details
    • Contact for pricing

      Downtown Cambridge Commercial Property

      Commercial property in the heart of historical downtown Cambridge.
      206-927 Wheeling Ave, Cambridge, OH 43725
      View Details

    Property Visit Statistics

    • Visits by month
      1.9k
    • Visitors by month
      971
    • Avg Time on site
      520 min
    View Listing
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    61501 Southgate Rd
    Cambridge, OH 43725
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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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    61501 Southgate Rd, Cambridge, OH, 43725
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