10 S 3rd St, Dennison, OH 44621

Building Details

Year Built 1920 More

Buildings 1 More

Construction masonry More

Listing Agency: Fell Realty, LLC

Listed By: Caleb M Fell Show Phone

Source: Theacclaimedrealty

Added: Aug 2 Changed: Oct 26 Last Checked: Nov 6 at 2:46PM

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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 Fell Realty, LLC

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Investment Insights

Based on property information with market context.

This flex property at 10 S 3rd St in Dennison, OH, includes a 38-by-35-foot garage building constructed with solid masonry and finished with a concrete floor. An overhead door provides vehicle access, while an interior workspace includes built-in benching for hands-on tasks, equipment storage, or workshop use. The sale also includes an adjacent vacant lot, expanding the property beyond the existing garage footprint. The additional parcel transfers with the property and provides land that can support future site customization, including potential expansion or off-street parking, subject to applicable requirements. The combination of an existing functional structure and accompanying vacant land creates a practical commercial configuration for storage or workspace needs.

Key Highlights

• 38‑by‑35‑foot garage building with solid masonry construction
• Concrete flooring and built‑in benching in the dedicated workspace
• Overhead door provides vehicle access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,299

Cap Rate

8.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$105,980 $106.0K

Cap Rate 7%

$75,700 $75.7K

Cap Rate 9%

$58,878 $58.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,330 SF

Gross rent

$6.7K $5.04/SF

− Vacancy

−$469 −$0.35/SF

EGI

$6.2K $4.69/SF

− OpEx

−$935 −$0.70/SF

NOI

$5.3K $3.98/SF

Area

Tuscarawas County, OH

Vacancy

7.00%

Lease Rate

$5.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$105,980

Cap Rate 7%

$75,700

Cap Rate 9%

$58,878

Alternative Uses

Best Use

Flex RnD

$115.6K

$101.2K – $134.9K (±1% cap)

NOI $8,094 @ 7.0% cap · market cap 12.47%

Second Best

Warehouse

$75.7K

$66.2K – $88.3K (±1% cap)

NOI $5,299 @ 7.0% cap · market cap 8.16%

Theoretical Best

Office A

$247.8K

$216.9K – $289.2K (±1% cap)

NOI $17,349 @ 7.0% cap · market cap 26.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Parking Lot & Garage Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

262

Businesses Nearby

Under-served

Demand for This Use

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Concrete-floored flex property with overhead access, built-in benching, and an adjacent vacant lot.

Where is this flex space located?

The property is located at 10 S 3rd St Dennison, OH.

What is the asking price?

The asking price for this property is $64,900.

What are key features of this property?

This property features: 38‑by‑35‑foot garage building with solid masonry construction; Concrete flooring and built‑in benching in the dedicated workspace; Overhead door provides vehicle access