Midvale Industrial Manufacturing
5539 Gundy Drive Midvale, OH 44621
5539 Gundy Drive, Midvale, OH, 44621
$4,800,000
For Sale
$4,800,000
COMMERCIAL - Midvale, OH
Property Size50,000 SF
Lot Size5.10 Acres
Price / SF$96
Days on Market272
Property Features for 5539 Gundy Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 2700398000
- Size
- 50,000 SF
- Lot size
- 5.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 1 7 1 PRP 15 2.478A
- Tax Annual Amount
- 13038
Utilities
- Heating system
- Natural Gas, Radiant
Building Details
- Year built
- 1974
- Roof type
- Rubber, Membrane
Listing Agency
McInturf Realty
(330) 364-6648
1110 Tuscarawas Ave. NW, New Philadelphia, OH
Listed by
Jan A McInturf · License #314352
(330) 343-7603
Added: Oct 20, 2025 Checked: Jul 18 at 7:06 am
MLS# 5166952
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents a business opportunity encompassing a building, equipment, and supplies. It houses M.R.S. Inc (Maintenance Repair Supply), a manufacturing company specializing in hoses and fasteners for industrial applications, and Convertapax, a manufacturer of flexible film and packaging. Both businesses have established client lists and are profitable. The building offers over 50,000 square feet of industrial space, incorporating 15 offices, 2 labs, a conference room, a waiting room, and a reception area. The manufacturing area features 21-foot ceilings, 3-phase electric power, and radiant heating. Equipment includes two 10,000-pound cranes. Access is facilitated by 3 dock doors, four 14-foot overhead doors, and one 10-foot overhead door. An additional metal pole building with a metal roof and two 14-foot overhead doors provides extra storage. The property includes abundant parking at the front and rear of the building. Situated on a 5.1+/- acre lot, the property offers room for expansion. It benefits from convenient access to State Route 250 and I-77 and is located in Midvale, Ohio.
Key Highlights
- Established and profitable businesses (M.R.S. Inc & Convertapax) with extensive client lists included.
- Substantial industrial space: Over 50,000 sq ft building featuring 15 offices, 2 labs, conference room, waiting room and reception area.
- Manufacturing‑ready features: 21' ceilings, 3‑phase electric, radiant heating, and (2) 10,000‑pound cranes.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $252.0k | $5.04 |
| − Vacancy | −$17.6k | −$0.35 |
| EGI | $234.4k | $4.69 |
| − OpEx | −$70.3k | −$1.41 |
| NOI | $164.1k | $3.28 |
50,000 SF · lease $5.04/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.34M
$2.05M – $2.73M
NOI $164,052 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.32M
$8.15M – $10.87M
NOI $652,224 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
FAQs
What type of property is this?
Manufacturing property - Profitable manufacturing businesses with building, equipment, and expansion potential.
Where is this manufacturing property located?
The property is located at 5539 Gundy Drive Midvale, OH.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Established and profitable businesses (M.R.S. Inc & Convertapax) with extensive client lists included.; Substantial industrial space: Over 50,000 sq ft building featuring 15 offices, 2 labs, conference room, waiting room and reception area.; **Manufacturing‑ready features: 21' ceilings, 3‑phase electric, radiant heating, and (2) 10,000‑pound cranes.**
