Fenced Flex Space with Overhead
113 E Kress Street, Russells Point, OH 43348
For Sale
$385,000
Commercial Sale, Russells Point, OH
Property Size4,000 SF
Lot Size0.54 Acres
Price / SF$120.31
Days on Market209
Property Features for 113 E Kress Street
General Information
Property type
Property subtype
Zoning description
Security features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Utilities
Sewer type
Heating system
Building Details
Year built
Building materials
Architectural style
Buildings
Listing Agency:
Choice Properties Real Estate
Listed By:
Diane (Teri) P. Frymyer
(937) 842-2244
Added: Apr 17
Changed: Oct 24
Last Checked: Nov 11 at 9:06AM
MLS# 1045057
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,200-square-foot flex property in Russells Point was built in 2015 and offers a metal-sided commercial building with two overhead garage doors, 6-inch concrete floors, LED lighting, and a fully enclosed wire fence. The interior includes open-concept kitchen and living areas, a full bathroom, a large bedroom, ceiling fans, and a slop sink. Appliances include a range, refrigerator, washer, and dryer.
The property is located at 113 E Kress Street and is served by public sewer, natural gas, and electric service. M1 zoning supports its commercial use. The building also includes an awning header and electric door openers, providing practical features for storage, workshop, or business operations.
The property is located at 113 E Kress Street and is served by public sewer, natural gas, and electric service. M1 zoning supports its commercial use. The building also includes an awning header and electric door openers, providing practical features for storage, workshop, or business operations.
Key Highlights
- 3,200 SF commercial flex property built in 2015
- Two 12x17 overhead garage doors with electric openers
- M1 zoning with gas, electric, sewer, and water on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,967
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,340
$319.3K
Cap Rate 7%
$228,100
$228.1K
Cap Rate 9%
$177,411
$177.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$20.5K $6.41/SF
− Vacancy
−$1.7K −$0.54/SF
EGI
$18.8K $5.87/SF
− OpEx
−$2.8K −$0.88/SF
NOI
$16.0K $4.99/SF
Area
Logan County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,340
Cap Rate 7%
$228,100
Cap Rate 9%
$177,411
Alternative Uses
Best Use
Warehouse
$228.1K
$199.6K – $266.1K
NOI $15,967 @ 7.0% cap · market cap 4.15%
Second Best
Industrial
$187.8K
$164.4K – $219.2K
NOI $13,149 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$646.0K
$565.2K – $753.6K
NOI $45,217 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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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
158
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43348, OH
1,880
Population
1,498
Households
1.3
Avg Household Size
47
Median Age
18%
College-Educated
86%
High-School Grad
2.3 sq mi
ZIP Area
817
Density / Sq Mi
$50,658
Median Household Income
$32,132
Median Earnings
$763
Median Rent
$147,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - M1-zoned commercial property with on-site utilities, durable flooring, and existing living quarters.
Where is this flex space located?
The property is located at 113 E Kress Street 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: 3,200 SF commercial flex property built in 2015; Two 12x17 overhead garage doors with electric openers; M1 zoning with gas, electric, sewer, and water on‑site
