Warehouse with Secured Yard and
113 E Kress Street Russells Point, OH 43348
113 E Kress Street, Russells Point, OH, 43348
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For Sale
Contact for pricing
Versatile commercial warehouse with two overhead doors and an on-site fenced lot, plus living quarters for flexible operations.
Property Size3,200 SF
Lot Size0.75 Acres
Price / SF$120.31
Days on Market51
Property Features for 113 E Kress Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.75 Acres
- Property subtype
- Mixed Use, Self Storage
Building Details
- Year Built
- 2015
Listing agency
Choice Property RE
Listed by
Teri Frymyer · License #0000441262
Source
Crexi
Added: Jun 1 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 7:37AM
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 Choice Property RE
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.
Local Financial Insights For Self Storage
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 | $41.5k | $12.96 |
| − Vacancy | −$2.9k | −$0.91 |
| EGI | $38.6k | $12.05 |
| − OpEx | −$11.6k | −$3.62 |
| NOI | $27.0k | $8.44 |
3,200 SF · lease $12.96/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$385.7K
$337.5K – $450.0K
NOI $26,998 @ 7.0% cap · market cap 7.01%
Second Best
Warehouse
$292.4K
$255.9K – $341.2K
NOI $20,469 @ 7.0% cap · market cap 5.32%
Theoretical Best
Multifamily LT 5
$30.27M
$26.48M – $35.31M
NOI $2,118,614 @ 7.0% cap · market cap 550.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
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 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: 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.
