Manufacturing and Warehouse
10966 Industrial Parkway Northwest Bolivar, OH 44612
For Sale
Contact for pricing
Manufacturing/warehouse space with attached office space on 8.4 acres, currently leased NNN through April 1, 2027.
Property Size57,279 SF
Lot Size8.40 Acres
Price / SF$43.65
Days on Market74
Property Features for 10966 Industrial Parkway Northwest
General Information
- Standard status
- Active
- Size
- 57,279 SF
- Lot size
- 8.40 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1989
Listing Agency:
NAI Spring
(330) 966-8800
Listed By:
Dan Spring, SIOR · License #OH BRKP.2001013773
Source:
Crexi
Added: May 11
Changed: Jul 23
Last Checked: Jul 23 at 6:12PM
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.
The property consists of approximately 53,849 SF of manufacturing/warehouse space plus 3,420 SF of office space on 8.4 acres. The facility is described as having heavy power and air lines, along with space intended for operational needs and potential expansion.
The land is located within 1.5 miles of I-77, situated between the Villages of Bolivar and Zoar. The listing notes travel times of about 15 minutes to Canton, Dover, and New Philadelphia, and about 75 minutes to Cleveland.
This is a for-sale offering with the facility currently leased NNN to Nilodor through April 1, 2027, with one year of option remaining.
The land is located within 1.5 miles of I-77, situated between the Villages of Bolivar and Zoar. The listing notes travel times of about 15 minutes to Canton, Dover, and New Philadelphia, and about 75 minutes to Cleveland.
This is a for-sale offering with the facility currently leased NNN to Nilodor through April 1, 2027, with one year of option remaining.
Key Highlights
- Manufacturing/warehouse facility with 53,849 SF plus 3,420 SF attached office space
- Set on 8.4 acres with room for expansion
- Leased NNN to Nilodor through April 1, 2027, with 1 year option remaining
Financial Insights For Warehouse
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 | $288.7k | $5.04 |
| − Vacancy | −$20.2k | −$0.35 |
| EGI | $268.5k | $4.69 |
| − OpEx | −$40.3k | −$0.70 |
| NOI | $228.2k | $3.98 |
57,279 SF · lease $5.04/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$7.84M
$6.86M – $9.14M
NOI $548,504 @ 7.0% cap · market cap 21.94%
Second Best
Warehouse
$3.26M
$2.85M – $3.80M
NOI $228,206 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$10.67M
$9.34M – $12.45M
NOI $747,175 @ 7.0% cap · market cap 29.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nilodor: A Hospeco Brand
Industrial Manufacturer
Bobbi Panter
Pet Grooming Service
maximize sales
Consultant
FAQs
What type of property is this?
Manufacturing property - Manufacturing/warehouse space with attached office space on 8.4 acres, currently leased NNN through April 1, 2027.
Where is this manufacturing property located?
The property is located at 10966 Industrial Parkway Northwest Bolivar, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Manufacturing/warehouse facility with 53,849 SF plus 3,420 SF attached office space; Set on 8.4 acres with room for expansion; Leased NNN to Nilodor through April 1, 2027, with 1 year option remaining
