Building Details

Building Size 8,400 SF

Listing Agency: Hoff & Leigh Show Phone

Listed By: Cole Kroneker · License #SAL.2024000334 Show Phone

Source: Hoffleigh

Added: Mar 19 Changed: Oct 13 Last Checked: Oct 23 at 3:20AM

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Investment Insights

Based on property information with market context.

This light-industrial property is suitable for owner-users or service-based businesses needing warehouse functionality and a professional office or showroom. The 6,000 square foot warehouse area features an 18-foot clear height and two 12-foot by 14-foot drive-in doors, accommodating equipment storage, fabrication, and vehicle access. The 2,400 square foot office and showroom component provides adaptable space for administrative operations, client meetings, product display, or overflow storage. The property includes 3-phase power and gas service, with optional connectivity to municipal water and sewer. A gated and fenced rear yard offers secure outdoor storage on the 2.01-acre lot. The property has expansion potential for an additional 30,000 square feet.

Key Highlights

• 6,000 SF warehouse with 18‑foot clear height
• 2,400 SF office and showroom space
• Gated and fenced 2.01‑acre rear yard for secure outdoor storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,017

Cap Rate

4.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$660,340 $660.3K

Cap Rate 7%

$471,671 $471.7K

Cap Rate 9%

$366,856 $366.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,400 SF

Gross rent

$50.2K $5.98/SF

− Vacancy

−$3.1K −$0.36/SF

EGI

$47.2K $5.62/SF

− OpEx

−$14.2K −$1.68/SF

NOI

$33.0K $3.93/SF

Area

Portage County, OH

Vacancy

6.10%

Lease Rate

$5.98 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$660,340

Cap Rate 7%

$471,671

Cap Rate 9%

$366,856

Alternative Uses

Best Use

Industrial

$471.7K

$412.7K – $550.3K (±1% cap)

NOI $33,017 @ 7.0% cap · market cap 4.26%

Second Best

Flex RnD

$439.5K

$384.5K – $512.7K (±1% cap)

NOI $30,762 @ 7.0% cap · market cap 3.97%

Theoretical Best

Office A

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,438 @ 7.0% cap · market cap 15.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop Grocery & Convenience Store Garden Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

68

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44255, OH

7,558

Population

3,148

Households

2.4

Avg Household Size

47

Median Age

25%

College-Educated

89%

High-School Grad

42.7 sq mi

ZIP Area

177

Density / Sq Mi

$74,221

Median Household Income

$43,702

Median Earnings

$875

Median Rent

$180,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 8,400 SF light-industrial property with office and warehouse space.

Where is this flex space located?

The property is located at 11806 Timber Point Trail Mantua, OH.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: 6,000 SF warehouse with 18‑foot clear height; 2,400 SF office and showroom space; Gated and fenced 2.01‑acre rear yard for secure outdoor storage