Flex Property with Truck
For Sale
$699,900
10 Hunter Place, Bellefontaine, OH 43311
Office areas include private offices, shared workspace, and sleeping rooms.
Property Size8,000 SF
Price / SF$87.49
Days on Market89
Property Features for 10 Hunter Place
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Other Com
Zoning
B-3
Additional Details
Drive-In Doors
8
Tenant in Place
Yes
Amenities
generator
Building Details
Year Built
1992
Buildings
1
Building Size
8,000 SF
Construction
steel frame
Listing Agency:
Bell Hankins Realty Group, LLC
Listed By:
Jeremy Hankins · License #445871
(937) 935-2450
Source:
Livewellhomegrp
Added: Aug 5
Changed: Oct 28
Last Checked: Oct 28 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bell Hankins Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 8,000-square-foot flex property was built in 1992 and combines office space with eight heated, enclosed truck bays. The office area includes five offices, shared workspace, two restrooms, and two sleeping rooms with a shower. Each bay has a 12-foot-tall overhead door, and the building is equipped with a generator system.
Located on the north side of Bellefontaine, the property has a concrete driveway and additional parking at the rear. Steel siding and B-3 zoning round out the building’s features.
Located on the north side of Bellefontaine, the property has a concrete driveway and additional parking at the rear. Steel siding and B-3 zoning round out the building’s features.
Key Highlights
- Eight heated, enclosed truck bays with 12‑foot‑tall overhead doors
- 8,000‑square‑foot building constructed in 1992
- Office area includes five offices, shared workspace, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,874
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,480
$657.5K
Cap Rate 7%
$469,629
$469.6K
Cap Rate 9%
$365,267
$365.3K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$51.3K $6.41/SF
− Vacancy
−$4.3K −$0.54/SF
EGI
$47.0K $5.87/SF
− OpEx
−$14.1K −$1.76/SF
NOI
$32.9K $4.11/SF
Area
Logan County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,480
Cap Rate 7%
$469,629
Cap Rate 9%
$365,267
Alternative Uses
Best Use
Industrial
$469.6K
$410.9K – $547.9K
NOI $32,874 @ 7.0% cap · market cap 4.70%
Second Best
Flex RnD
$432.7K
$378.6K – $504.8K
NOI $30,287 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,042 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
8
Drive-in doors
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 43311, OH
20,029
Population
9,497
Households
2.1
Avg Household Size
40
Median Age
17%
College-Educated
93%
High-School Grad
103.8 sq mi
ZIP Area
193
Density / Sq Mi
$64,217
Median Household Income
$40,341
Median Earnings
$833
Median Rent
$183,000
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office areas include private offices, shared workspace, and sleeping rooms.
Where is this flex space located?
The property is located at 10 Hunter Place Bellefontaine, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Eight heated, enclosed truck bays with 12‑foot‑tall overhead doors; 8,000‑square‑foot building constructed in 1992; Office area includes five offices, shared workspace, and two restrooms
