Industrial/Flex
10708 Market St North Lima, OH 44452
For Sale
Contact for pricing
Industrial and flex space totaling 10,600 SF, available for sale or lease.
Property Size10,600 SF
Price / SF$141.51
Days on Market1117
Property Features for 10708 Market St
General Information
Standard status
Active
Size
10,600 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Spring
(330) 418-9287
Listed By:
Bryce Custer, SIOR, CCIM · License #BRKM.2017004455
(330) 418-9287
Source:
Moodyscre
Added: Jul 10, 2023
Changed: Jul 29
Last Checked: Jul 29 at 5:08PM
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 NAI Spring
Investment Insights
Based on property information with market context.
This industrial/flex space offers a total of 10,600 SF and is available for sale or lease. The layout is well-suited for businesses that need both functional industrial space and flexible work or operational areas.
The property is located at 10708 Market St in North Lima, OH 44452.
The property is located at 10708 Market St in North Lima, OH 44452.
Key Highlights
- 10,600 SF industrial/flex space
- Available for sale or lease
- Property located at 10708 Market St, North Lima, OH 44452
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 | $67.9k | $6.41 |
| − Vacancy | −$5.7k | −$0.54 |
| EGI | $62.2k | $5.87 |
| − OpEx | −$18.7k | −$1.76 |
| NOI | $43.6k | $4.11 |
10,600 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Industrial
$622.2K
$544.5K – $726.0K
NOI $43,557 @ 7.0% cap · market cap 2.90%
Second Best
Flex RnD
$590.6K
$516.8K – $689.0K
NOI $41,340 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,022 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial and flex space totaling 10,600 SF, available for sale or lease.
Where is this flex space located?
The property is located at 10708 Market St North Lima, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,600 SF industrial/flex space; Available for sale or lease; Property located at 10708 Market St, North Lima, OH 44452
