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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    61600 Southgate Rd, Unit 3 Cambridge, OH 43725

    • Community centers
    • 30,520 SF
    • 2.92 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Last Sale
    Oct 18, 2024
    $6,475,000
    Value Estimations
    $6,475,000
    Cap Rate Potential
    2%
    Community centers
    Location Intelligence
    Property ID
    US66-4867627
    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

    • Dollar Tree / Grocery Store / Craft Store
    • Shogun Hibachi / Japanese Restaurant
    • Rent-A-Center / Electronics Store / Appliance Store
    • Little Caesars Pizza / Pizza Restaurant / Fast Food Restaurant
    • AT&T Digital Life Home Security / Security System Supplier

    Property Details for 61600 Southgate Rd

    Year built
    2002
    Lot size
    2.92 lot acres
    Property size
    30,520 SF
    Property type
    Community centers
    APN
    07-0007947.000
    APU
    70007947000

    Description

    This exceptional commercial property at 61600 Southgate Rd, Cambridge, OH 43725, offers two available retail units totaling 3,275 square feet on a 5.69-acre lot. Each unit is independently suitable for various commercial uses, with Unit 6 measuring 1,675 square feet and Unit 7 measuring 1,600 square feet. The minimum divisible space is 1,600 square feet, making it ideal for businesses seeking a prominent presence in a high-traffic area. The property's location near the interstate and within a bustling retail corridor ensures maximum exposure and accessibility for customers. Prominent signage opportunities are available, guaranteeing high visibility for your business. This multi-tenant building presents a unique opportunity to establish or expand your brand in a prime commercial setting. The property is classified as both retail and office space, offering flexibility for a range of businesses. The address is easily accessible via Southgate Rd. This is a fantastic opportunity to secure a high-visibility location for your business in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,475,000
      ML approach
      $6,475,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,240,000
      RESTAURANT
      $3,965,000
      COMMERCIAL (GENERAL)
      $3,895,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.5741
    Latitude
    39.9959
    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
    $39,553
    $101,318
    $620,442
    $721,760
    -
    $289,480
    $1,772,690
    $2,062,170

    Comparable in this City

    • Value Estimation
      $745,000
      16,228 SF

      1300 Clark St

      MINI-MALL • 16,228 SF
      1300 Clark St, Cambridge, OH 43725-8875
      View Details
    • Value Estimation by Request
      10.34 Acres

      1731 Southgate Pkwy

      MINI-MALL • 10.34 Acres
      1731 Southgate Pkwy, Cambridge, OH 43725-3023
      View Details
    • Value Estimation by Request
      78,065 SF

      2101-2163 Southgate Pkwy

      Lifestyle centers • 78,065 SF
      2101-2163 Southgate Pkwy, Cambridge, OH 43725
      View Details
    • Value Estimation by Request
      12.92 Acres

      2163 Southgate Pkwy

      MINI-MALL • 12.92 Acres
      2163 Southgate Pkwy, Cambridge, OH 43725-3080
      View Details
    • Value Estimation
      $635,000
      15,400 SF

      741 Southgate Pkwy

      MINI-MALL • 15,400 SF
      741 Southgate Pkwy, Cambridge, OH 43725-2962
      View Details
    • Value Estimation by Request
      2,128 SF

      1300 Clark St

      MINI-MALL • 2,128 SF
      1300 Clark St, Cambridge, OH 43725-8875
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.64 Acres

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      Prime Retail Land, I-70 Visibility
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      High-Traffic Commercial Opportunity

      Cleared, level lot ideal for retail, food service, or lodging.
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      Iconic restaurant & banquet facility, high-traffic location.
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      Cambridge Commercial Building For Sale

      2400 SF building on 0.15 acres with many possible uses.
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    • $299,900
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      114 Southgate Rd, Cambridge, OH 43725

      Mixed-use properties • 0.09 Acres
      114 Southgate Rd, Cambridge, OH 43725
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    Similar Nearby for Lease

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      178,970 SF

      Parkway Plaza Retail Spaces Available

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      61690 Southgate Rd, Cambridge, OH 43725
      View Details
    • $16 SF/Yr
      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
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      6,000 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      61205-61279 Southgate Rd, Cambridge, OH 43725
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    • Contact for pricing
      14,000 SF

      Retail Space Near Parkway Plaza

      Retail space available near major retailers and interstates.
      61690-61600 Southgate Rd, Cambridge, OH 43725
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      45,317 SF

      Cambridge Crossing Retail Center

      Walmart-anchored retail space available in Ohio.
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      View Details
    • Contact for pricing
      7,000 SF

      Retail Space in Grocery-Anchored Center

      Junior box opportunities in Cambridge, OH, near I-70.
      1731-1759 Southgate Pkwy, Cambridge, OH 43725
      View Details
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    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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