Manufacturing and Warehouse
10966 Industrial Pkwy NW Bolivar, OH 44612
10966 Industrial Pkwy NW, Bolivar, OH, 44612
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For Sale
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Manufacturing/warehouse space with dedicated office areas on 8.4 acres, currently leased NNN through April 1, 2027.
Property Size57,269 SF
Lot Size8.40 Acres
Price / SF$43.65
Days on Market97
Property Features for 10966 Industrial Pkwy NW
General Information
- Standard status
- Active
- Size
- 57,269 SF
- Lot size
- 8.40 Acres
- Property subtype
- INDUSTRIAL
Listing agency
NAI Spring
(330) 966-8800
Listed by
Kelly Sober, CCIM · License #BRKP.2001013773
(330) 806-8140
Source
Moodyscre
Added: Apr 18 Updated: Jul 22 at 2:37AM Checked: Jul 22 at 2:37AM
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 facility offers approximately 53,849 SF of manufacturing/warehouse space plus 3,420 SF of office space, situated on 8.4 acres. The property is described as having heavy power and ample room for expansion, supporting industrial operations that may require significant electrical capacity. An existing NNN lease with Nilodor runs through April 1, 2027, with one year of option remaining.
The site is located within 1.5 miles of I-77, positioned between the Villages of Bolivar and Zoar. It is described as about 15 minutes from Canton, Dover, and New Philadelphia, 75 minutes from Cleveland, 2 hours from Columbus, and 90 minutes from Pittsburgh.
The property’s current configuration combines substantial industrial space with office space, offering a single campus-style footprint intended for manufacturing and warehousing use.
The site is located within 1.5 miles of I-77, positioned between the Villages of Bolivar and Zoar. It is described as about 15 minutes from Canton, Dover, and New Philadelphia, 75 minutes from Cleveland, 2 hours from Columbus, and 90 minutes from Pittsburgh.
The property’s current configuration combines substantial industrial space with office space, offering a single campus-style footprint intended for manufacturing and warehousing use.
Key Highlights
- Approximately 53,849 SF manufacturing/warehouse space with 3,420 SF office on 8.4 acres
- Currently leased NNN to Nilodor through April 1, 2027 with a 1‑year option remaining
- Heavy power and airlines in place, with room for expansion
Local 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 | $288.6k | $5.04 |
| − Vacancy | −$20.2k | −$0.35 |
| EGI | $268.4k | $4.69 |
| − OpEx | −$40.3k | −$0.70 |
| NOI | $228.2k | $3.98 |
57,269 SF · lease $5.04/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$7.83M
$6.86M – $9.14M
NOI $548,408 @ 7.0% cap · market cap 21.94%
Second Best
Flex RnD
$4.98M
$4.36M – $5.81M
NOI $348,514 @ 7.0% cap · market cap 13.94%
Theoretical Best
Office A
$10.67M
$9.34M – $12.45M
NOI $747,044 @ 7.0% cap · market cap 29.88%
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
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FAQs
What type of property is this?
Flex space - Manufacturing/warehouse space with dedicated office areas on 8.4 acres, currently leased NNN through April 1, 2027.
Where is this flex space located?
The property is located at 10966 Industrial Pkwy NW 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: Approximately 53,849 SF manufacturing/warehouse space with 3,420 SF office on 8.4 acres; Currently leased NNN to Nilodor through April 1, 2027 with a 1‑year option remaining; Heavy power and airlines in place, with room for expansion
