Flex Space with On-Site
1109-1139 Bowers NW New Philadelphia, OH 44663
For Sale
Contact for pricing
Mostly sprinklered flex space with over 400 on-site parking spaces and triple-net lease structure.
Property Size112,586 SF
Price / SF$43.52
Days on Market179
Property Features for 1109-1139 Bowers NW
General Information
Standard status
Active
Size
112,586 SF
Property subtype
INDUSTRIAL
Listing Agency:
Putman Properties, Inc
(330) 495-8292
Listed By:
Saylor Putman · License ##BRKP.2024002388
(330) 495-8292
Source:
Moodyscre
Added: Feb 1
Changed: Jul 30
Last Checked: Jul 30 at 5:53AM
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 Putman Properties, Inc
Investment Insights
Based on property information with market context.
This flex space property offers a mix of retail, office, service, and warehouse/distribution space within a mostly sprinklered building totaling 112,586 square feet. The property features over 400 free parking spaces on site.
Most leases are triple net, with tenants reimbursing the landlord for their pro rata share of real estate taxes, insurance, and operating expenses. The property is professionally managed.
Join Wayne Dalton, Dee's Restaurant, and Iglesia Evangelica Penta Cristo Viene Church at the property. For sale inquiry and details on current tenants and financials, contact the agent.
Most leases are triple net, with tenants reimbursing the landlord for their pro rata share of real estate taxes, insurance, and operating expenses. The property is professionally managed.
Join Wayne Dalton, Dee's Restaurant, and Iglesia Evangelica Penta Cristo Viene Church at the property. For sale inquiry and details on current tenants and financials, contact the agent.
Key Highlights
- 112,586 SF flex space with a mix of retail, office, service, and warehouse/distribution space
- Over 400 free parking spaces on site
- Mostly sprinklered building
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 | $567.4k | $5.04 |
| − Vacancy | −$39.7k | −$0.35 |
| EGI | $527.7k | $4.69 |
| − OpEx | −$79.2k | −$0.70 |
| NOI | $448.6k | $3.98 |
112,586 SF · lease $5.04/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$11.93M
$10.44M – $13.92M
NOI $835,262 @ 7.0% cap · market cap 17.05%
Second Best
Flex RnD
$9.79M
$8.56M – $11.42M
NOI $685,149 @ 7.0% cap · market cap 13.98%
Theoretical Best
Office A
$20.98M
$18.36M – $24.48M
NOI $1,468,626 @ 7.0% cap · market cap 29.97%
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 - Mostly sprinklered flex space with over 400 on-site parking spaces and triple-net lease structure.
Where is this flex space located?
The property is located at 1109-1139 Bowers NW New Philadelphia, OH.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 112,586 SF flex space with a mix of retail, office, service, and warehouse/distribution space; Over 400 free parking spaces on site; Mostly sprinklered building
