Live-Work Industrial
10725 Struthers Rd New Middletown, OH 44442
For Sale
$599,750
Remodeled residence and a 6,620 sq ft manufacturing building with a loading dock on a 1.13-acre lot.
Property Size6,620 SF
Lot Size1.13 Acres
Price / SF$90.60
Days on Market154
Property Features for 10725 Struthers Rd
General Information
- Standard status
- Active
- Size
- 6,620 SF
- Lot size
- 1.13 Acres
Listing Agency:
Kelly Warren and Associates RE Solutions
(330) 774-5684
Listed By:
Theresa Robin · License #2023000415
(330) 774-5684
Source:
Exprealty
Added: Feb 20
Changed: Jul 23
Last Checked: Jul 23 at 6:00AM
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 Kelly Warren and Associates RE Solutions
Investment Insights
Based on property information with market context.
This live-work property combines a residential component with an attached manufacturing/workshop building on a 1.13-acre lot. The residence was remodeled in 2005 with new doors, windows, and siding, and it includes a boiler and central A/C system installed in 2006. The manufacturing building totals approximately 6,620 square feet and was originally constructed in 2005, with expansions and additions completed between 2006 and 2008, and again in 2014.
The workshop is equipped with a loading dock, supporting uses that require shipping and receiving or larger work areas. A 1-year home warranty is included with the property.
Overall, the improvements provide an integrated setup for an owner-operator looking for on-site space that supports both day-to-day work and residential living.
The workshop is equipped with a loading dock, supporting uses that require shipping and receiving or larger work areas. A 1-year home warranty is included with the property.
Overall, the improvements provide an integrated setup for an owner-operator looking for on-site space that supports both day-to-day work and residential living.
Key Highlights
- 1.13‑acre property with a remodeled residence and a 6,620 sq ft manufacturing/workshop building
- Home remodeled in 2005 with new doors, windows, and siding; boiler and central A/C installed in 2006
- Large manufacturing building originally built in 2005 with additions completed between 2006–2008 and in 2014
Financial Insights For Mixed Use
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 | $99.3k | $15.00 |
| − Vacancy | −$19.9k | −$3.00 |
| EGI | $79.4k | $12.00 |
| − OpEx | −$29.8k | −$4.50 |
| NOI | $49.7k | $7.50 |
6,620 SF · lease $15.00/SF/yr · vacancy 20.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$905.6K
$792.4K – $1.06M
NOI $63,393 @ 7.0% cap · market cap 10.57%
Second Best
Mixed Use
$709.3K
$620.6K – $827.5K
NOI $49,650 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,448 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Control System Manufacturing
Industrial Manufacturer
FAQs
What type of property is this?
Manufacturing property - Remodeled residence and a 6,620 sq ft manufacturing building with a loading dock on a 1.13-acre lot.
Where is this manufacturing property located?
The property is located at 10725 Struthers Rd New Middletown, OH.
What is the asking price?
The asking price for this property is $599,750.
What are key features of this property?
This property features: 1.13‑acre property with a remodeled residence and a 6,620 sq ft manufacturing/workshop building; Home remodeled in 2005 with new doors, windows, and siding; boiler and central A/C installed in 2006; Large manufacturing building originally built in 2005 with additions completed between 2006–2008 and in 2014
