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    4747 Good Rd Delphos, OH 45833

    View on Map
    Sponsored
    For Lease
    $19,224 /Mo ($5 SF/Yr)

    COMMERCIAL - Delphos, OH

    Property size:
    41,944 SF
    Days on Market:
    43
    Last Refresh:
    Mar 6 at 1:06 pm

    Property Features for 4747 Good Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    35-0300-04-005.000
    Parking features
    Parking Lot
    Interior features
    Overhead Door
    Size
    41,944 SF

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas
    Water source
    Well

    Building Details

    Year built
    1961
    Flooring type
    Concrete

    We can help!

    Listing Contact
    Jeff Dulmage

    Hartsock Realty LLC (419) 303-8182

    Listing agent Jeff Dulmage (419) 302-3940

    Listing date Jan 23, 2026

    MLS# 305525

    Copyright © 2026 West Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Delphos Warehouse and Office Space

    This commercial building in Delphos, Ohio, features over 38,000 square feet of warehouse space and more than 3,000 square feet of office space. The warehouse area includes 36-foot high ceilings, five overhead ground-level doors, and two docks. The property, totaling 41,944 square feet, is located in a country setting near S.R. 309, making it suitable for various business operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bounce at Home Party Supply Store A & S Party Rental ... Party Supply Store The Kangaroo Cave Hotel & Motel

    Suggested Use

    Building Supply Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Delphos
    County
    Allen
    State
    Ohio
    Longitude
    -84.273415
    Latitude
    40.806092

    Nearby Similar for Lease

    • $2 SF/Yr

      Delphos Industrial Building For Lease

      241,248 SF industrial building suitable for manufacturing or distribution.
      911 Spencerville Rd, Delphos, OH 45833
      View Details
    • Contact for pricing
      5,914 SF

      Prime Delphos Retail Space

      6,000 SF Retail Building, High Visibility
      215 5Th St, Delphos, OH 45833
      View Details

    FAQs

    What type of property is this?
    Warehouse - Spacious warehouse with office in country setting near S.R. 309.
    Where is this warehouse located?
    The property is located at 4747 Good Rd Delphos, OH.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - 38,000+ SF of WAREHOUSE space and 3,000+ SF of office space.; - Benefit from 36' HIGH CEILINGS.; - Features 5 overhead ground level doors and 2 docks.
    (419) 302-3940
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    4747 Good Rd Delphos, OH 45833
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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
    4747 Good Rd Delphos, OH 45833
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    We can help!
    Listing Contact
    Jeff Dulmage
    (419) 302-3940 (419) 222-0447
    Learn more
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