Industrial Warehouse with
For Sale
$2,500,000
5539 Gundy Drive, Midvale, OH 44621
COMMERCIAL - Midvale, OH
Property Size50,000 SF
Lot Size5.10 Acres
Price / SF$50
Days on Market8
Property Features for 5539 Gundy Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Indian Valley LSD - 7904
Middle school district
Indian Valley LSD - 7904
High school district
Indian Valley LSD - 7904
Directions
Eastport Road to Gundy Drive
Standard status
Active
APN
2700398000
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
Legal Description
1 7 1 PRP 15 2.478A
Utilities
Heating system
Radiant, Natural Gas
Amenities
conference room
waiting room
reception area
Building Details
Year built
1974
Roof type
Rubber, Membrane
Listing Agency:
McInturf Realty
(330) 364-6648
Listed By:
Jan A McInturf · License #314352
(330) 343-7603
Added: Jul 23
Last Checked: Jul 30 at 5:06PM
MLS# 5230369
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 industrial property includes over 50,000 square feet of warehouse and manufacturing space with 15 offices, two labs, a conference room, and a waiting room with reception area. The manufacturing area features 21' ceilings, 3-phase electric service, and radiant heating. (2) 10,000-pound cranes are included.
The facility is accessed by three dock doors and multiple overhead doors, including four 14' overhead doors and one 10' overhead door. A metal pole building with a metal roof and two 14' overhead doors provides additional storage, and the property offers abundant front and rear parking.
Set on 5.1+/- acres, the site provides room to expand and offers easy access to State Route 250 and I-77. The building currently houses two businesses: M.R.S. Inc (Maintenance Repair Supply) and Convertapax, both described as profitable operations with included equipment and supplies.
The facility is accessed by three dock doors and multiple overhead doors, including four 14' overhead doors and one 10' overhead door. A metal pole building with a metal roof and two 14' overhead doors provides additional storage, and the property offers abundant front and rear parking.
Set on 5.1+/- acres, the site provides room to expand and offers easy access to State Route 250 and I-77. The building currently houses two businesses: M.R.S. Inc (Maintenance Repair Supply) and Convertapax, both described as profitable operations with included equipment and supplies.
Key Highlights
- Over 50,000 SF industrial building with 15 offices, 2 labs, conference room, waiting room, and reception area
- 21' ceilings in manufacturing space with 3‑phase electric and radiant heating (natural gas; radiant)
- Includes (2) 10,000‑lb cranes and multiple loading doors: 3 dock doors, (4) 14' overhead doors, and (1) 10' overhead door
Financial Insights For Warehouse
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 | −$35.2k | −$0.70 |
| NOI | $199.2k | $3.98 |
50,000 SF · lease $5.04/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.85M
$2.49M – $3.32M
NOI $199,206 @ 7.0% cap · market cap 7.97%
Second Best
Industrial
$2.34M
$2.05M – $2.73M
NOI $164,052 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$9.32M
$8.15M – $10.87M
NOI $652,224 @ 7.0% cap · market cap 26.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21 ft
Clear height
3
Dock-high doors
Turnkey business
Opportunity
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 44621, OH
4,606
Population
1,992
Households
2.3
Avg Household Size
40
Median Age
13%
College-Educated
90%
High-School Grad
32.1 sq mi
ZIP Area
143
Density / Sq Mi
$55,000
Median Household Income
$35,777
Median Earnings
$825
Median Rent
$119,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial warehouse with 21' ceilings, radiant heating, and two included 10,000-pound cranes.
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 $2,500,000.
What are key features of this property?
This property features: Over 50,000 SF industrial building with 15 offices, 2 labs, conference room, waiting room, and reception area; 21' ceilings in manufacturing space with 3‑phase electric and radiant heating (natural gas; radiant); Includes (2) 10,000‑lb cranes and multiple loading doors: 3 dock doors, (4) 14' overhead doors, and (1) 10' overhead door
