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Flex Building with Office and Warehouse

4199 Main Street Perry, OH 44081

4199 Main Street, Perry, OH, 44081

$475,000

For Sale

$475,000

SINGLE_FAMILY - Perry, OH

Property Size7,500 SF

Lot Size0.75 Acres

Price / SF$63.33

AddedMay 1

Days on Market77

Last RefreshJul 16 at 7:06 am

Property Features for 4199 Main Street

General Information

Property type: Residential
Property subtype: Office
Parking: 10
Standard status: Active
APN: 04-A-053-A-00-032-0
Lot size: 0.75 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: LOT 54 & 55
Tax Annual Amount: 8518

Utilities

Sewer type: Public Sewer
Heating system: Forced Air, Natural Gas
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1940
Number of units: 3
Roof type: Shingle

Listing agent Tim Cline License #2022005754

Listing office Platinum Real Estate 7200 Center Street, Willoughby, OH

Listing date May 1, 2026

MLS# 5206393

Investment Insights

Based on property information with market context.

This versatile commercial property combines office and warehouse space within a flex-style layout. Approximately 3,750 SF of office space is currently vacant and includes multiple private offices, a reception area, two restrooms, a kitchenette, and both upper and lower levels. An additional approximately 3,750 SF of warehouse space is currently leased on a month-to-month basis, providing current income. The overall layout is designed to accommodate a range of business or storage uses, with multiple configurations possible for an owner-occupant or investor.

The property is located at 4199 Main Street in Perry, Ohio (Lake County). Buyer should verify all information, including square footage and permitted uses.

Key Highlights

Includes approx. 3,750 SF of office space currently vacant, with multiple private offices, reception, 2 restrooms, and kitchenette.
Additional approx. 3,750 SF warehouse space is leased on a month‑to‑month basis for income potential.
Office layout includes both upper and lower levels.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$42.8k	$5.71
− Vacancy	−$1.6k	−$0.21
EGI	$41.2k	$5.50
− OpEx	−$6.2k	−$0.82
NOI	$35.1k	$4.67

7,500 SF · lease $5.71/SF/yr · vacancy 3.70% · expense 15.00%

Alternative Uses

Best Use

Office B

$1.36M

$1.19M – $1.58M (±1% cap)

NOI $94,991 @ 7.0% cap · market cap 20.00%

Second Best

Warehouse

$500.8K

$438.2K – $584.2K (±1% cap)

NOI $35,054 @ 7.0% cap · market cap 7.38%

Theoretical Best

Office A

$1.73M

$1.52M – $2.02M (±1% cap)

NOI $121,256 @ 7.0% cap · market cap 25.53%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dukes Fitness Gym & Fitness Center B&D RV/Truck Service ... Auto Repair Shop K & K Enterprises Roofing Company Used Transmission Warehouse Auto Repair Shop Anyany Inc Auto Repair Shop

Suggested Use

For sale
Flex space
OH
Perry
44081
4199 Main Street

What type of property is this?

Flex space - Includes vacant office space with multiple private offices plus a leased warehouse portion on a month-to-month basis.

Where is this flex space located?

The property is located at 4199 Main Street Perry, OH.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Includes approx. 3,750 SF of office space currently vacant, with multiple private offices, reception, 2 restrooms, and kitchenette.; Additional approx. 3,750 SF warehouse space is leased on a month‑to‑month basis for income potential.; Office layout includes both upper and lower levels.