1151 East St, Fairport Harbor, OH
19,440± SF renovated truck repair facility with storage.
- Added:
- Jan 14, 2025
- Days on Market:
- 516
- Last Refresh:
- May 19 at 9:09 pm
Property Features for 1151 East St
General Information
- Standard status
- Active
- Size
- 19,440 SF
- Lot size
- 5.69 Acres
- Property subtype
- INDUSTRIAL
Listing agent Neil Sawicki, SIOR, Broker (440) 339-8585
Listing office Global Real Estate Advisors (440) 339-8585
Listing date Jan 14, 2025
Source Moodyscre
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 Global Real Estate Advisors
HighLights
- 16,920± SF Repair Facility/Storage: Large space ideal for semi‑truck repair or storage.
- Over 1 Acre Fenced‑In Storage Area: Secure and exclusive storage space.
- Newly Paved 115,000± SF Asphalt: Provides ample and well‑maintained outdoor space.
- Excellent Location: Close proximity to SR 2, SR 44, and Interstate 90 for easy access.
- Newly Renovated 2,520± SF Two‑Story Office Space: Modern and updated office area.
- Two (2) New - Used Oil Furnaces (2021): Relatively new heating system.
Overview
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 | $111.0k | $5.71 |
| − Vacancy | −$4.1k | −$0.21 |
| EGI | $106.9k | $5.50 |
| − OpEx | −$16.0k | −$0.82 |
| NOI | $90.9k | $4.67 |
Alternative Uses
Current Use by Public Records
Map
- City
- Fairport Harbor
- County
- Lake
- State
- Ohio
- Longitude
- -81.274
- Latitude
- 41.75