Warehouse with Secured Yard and
For Sale
$385,000
113 E Kress St, Russells Point, OH
Versatile commercial warehouse with two overhead doors and an on-site fenced lot, plus living quarters for flexible operations.
Property Size4,000 SF
Lot Size0.75 Acres
Price / SF$96.25
Days on Market176
Property Features for 113 E Kress St
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.75 Acres
Zoning
M1
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
2
Building Details
Stories
2
Listing Agency:
Choice Properties Real Estate
Listed By:
Diane (Teri) P. Frymyer
(937) 842-2244
Source:
Exprealty
Added: Apr 17
Changed: Oct 9
Last Checked: Oct 7 at 5:38PM
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 Choice Properties Real Estate
Investment Insights
Based on property information with market context.
The property is a 3,200 sq. ft. commercial building with an additional 800 sq. ft. second-floor area on a fenced 0.75-acre lot. Access includes two 12 x 17 overhead garage doors with electric openers. Interior finishes include 6-inch concrete floors, LED lighting, and a header built for an awning. Utilities are available on-site, including gas, electric, sewer, and water. The fenced perimeter uses 4 x 4 wire fencing for added security.
The building is set up for practical storage and work needs, with space that can support secured storage of vehicles and equipment. The second floor and building layout also include living quarters with an open-concept kitchen/living area, a full bath, and a large bedroom. Additional in-unit conveniences include a washer/dryer, slop sink, and a hot water heater, along with ceiling fans.
Zoned M1 commercial, the property is positioned for business, workshop, or secure storage uses consistent with that zoning. The information provided notes that a zoning change could allow residential use, including a potential application for R2 (medium density residential) pending approval. This combination of functional storage features and optional living space can fit operators who need on-site flexibility.
The building is set up for practical storage and work needs, with space that can support secured storage of vehicles and equipment. The second floor and building layout also include living quarters with an open-concept kitchen/living area, a full bath, and a large bedroom. Additional in-unit conveniences include a washer/dryer, slop sink, and a hot water heater, along with ceiling fans.
Zoned M1 commercial, the property is positioned for business, workshop, or secure storage uses consistent with that zoning. The information provided notes that a zoning change could allow residential use, including a potential application for R2 (medium density residential) pending approval. This combination of functional storage features and optional living space can fit operators who need on-site flexibility.
Key Highlights
- 2015‑built 3,200 sq. ft. commercial building with an additional 800 sq. ft. second floor, located on a 0.75‑acre fenced lot in Russells Point.
- Two 12x17 overhead garage doors with electric openers for vehicle, RV, boat, and equipment storage.
- On‑site utilities include gas, electric, sewer, and water, with 6" concrete floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,748
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,960
$675.0K
Cap Rate 7%
$482,114
$482.1K
Cap Rate 9%
$374,978
$375.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$51.8K $12.96/SF
− Vacancy
−$3.6K −$0.91/SF
EGI
$48.2K $12.05/SF
− OpEx
−$14.5K −$3.62/SF
NOI
$33.7K $8.44/SF
Area
Montgomery County, OH
Vacancy
7.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$674,960
Cap Rate 7%
$482,114
Cap Rate 9%
$374,978
Alternative Uses
Best Use
Self Storage
$482.1K
$421.9K – $562.5K
NOI $33,748 @ 7.0% cap · market cap 8.77%
Second Best
Warehouse
$365.5K
$319.8K – $426.4K
NOI $25,586 @ 7.0% cap · market cap 6.65%
Theoretical Best
Multifamily LT 5
$37.83M
$33.10M – $44.14M
NOI $2,648,268 @ 7.0% cap · market cap 687.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Versatile commercial warehouse with two overhead doors and an on-site fenced lot, plus living quarters for flexible operations.
Where is this self storage facility located?
The property is located at 113 E Kress St Russells Point, OH.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2015‑built 3,200 sq. ft. commercial building with an additional 800 sq. ft. second floor, located on a 0.75‑acre fenced lot in Russells Point.; Two 12x17 overhead garage doors with electric openers for vehicle, RV, boat, and equipment storage.; On‑site utilities include gas, electric, sewer, and water, with 6" concrete floors.
