Warehouse with Freight
For Sale
Contact for pricing
104 S Norton Street, Mount Vernon, OH 43050
Industrial space combines warehouse, storage, counter, and storeroom areas for flexible occupancy.
Property Size8,833 SF
Price / SF$0.00
Days on Market72
Property Features for 104 S Norton Street
General Information
Standard status
Active
Size
8,833 SF
Property subtype
Warehouse
Additional Details
Road Access
Yes
Property Use
Warehouse / Storage
Amenities
Common access bathroom with shower
Building Details
Building Size
8,833 SF
Listing Agency:
KW Classic Properties Realty
(614) 451-8500
Listed By:
Douglas J Ryan · License #393609
(614) 374-6919
Source:
Livewellhomegrp
Added: Aug 20
Changed: Oct 28
Last Checked: Oct 28 at 3:55PM
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 KW Classic Properties Realty
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Investment Insights
Based on property information with market context.
The warehouse property at 104 S. Norton Street offers 6,289 square feet, including a 3,145-square-foot warehouse measuring 37 by 85 feet and 600 square feet of entry, counter, and storeroom space. Additional storage includes 2,544 square feet on the first floor and 2,544 square feet on the lower level. The lower level is included when the full first-floor area is leased. Two overhead doors provide street entry, and interior transfer docks are also present. A 4,000-pound freight elevator serves the lower level; an exterior loading ramp is a potential addition.
Other features include a common-access bathroom with shower and a mounted small crane. The property is located at 104 S. Norton Street in Mount Vernon, Ohio.
Other features include a common-access bathroom with shower and a mounted small crane. The property is located at 104 S. Norton Street in Mount Vernon, Ohio.
Key Highlights
- 6,289 square feet of warehouse and related space
- Warehouse measures 3,145 square feet (37 x 85)
- Entry, counter, and storeroom area totals 600 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,810
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,200
$476.2K
Cap Rate 7%
$340,143
$340.1K
Cap Rate 9%
$264,556
$264.6K
Market Conditions
NOI Build-Up for 6,289 SF
Gross rent
$40.0K $6.36/SF
− Vacancy
−$3.4K −$0.54/SF
EGI
$36.6K $5.82/SF
− OpEx
−$12.8K −$2.04/SF
NOI
$23.8K $3.79/SF
Area
Knox County, OH
Vacancy
8.42%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,200
Cap Rate 7%
$340,143
Cap Rate 9%
$264,556
Alternative Uses
Best Use
Warehouse
$448.3K
$392.3K – $523.0K
NOI $31,380 @ 7.0% cap · market cap 392,250.00%
Second Best
Industrial
$369.2K
$323.0K – $430.7K
NOI $25,843 @ 7.0% cap · market cap 323,037.50%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.05M
NOI $122,793 @ 7.0% cap · market cap 1,534,912.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43050, OH
29,594
Population
13,416
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
154.1 sq mi
ZIP Area
192
Density / Sq Mi
$65,044
Median Household Income
$38,709
Median Earnings
$933
Median Rent
$199,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- K & P Mini Storage — 375 Pittsburgh Ave, Mt Vernon, OH 43050
- Affordable Mini Storage — 112 Pittsburgh Ave, Mt Vernon, OH 43050
- One Stop Storage — 1 Mount Vernon Ave Ext, Mt Vernon, OH 43050
- AMC Storage — 406 W Gambier St, Mt Vernon, OH 43050
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space combines warehouse, storage, counter, and storeroom areas for flexible occupancy.
Where is this warehouse located?
The property is located at 104 S Norton Street Mount Vernon, OH.
What are key features of this property?
This property features: 6,289 square feet of warehouse and related space; Warehouse measures 3,145 square feet (37 x 85); Entry, counter, and storeroom area totals 600 square feet
