Multi-Tenant Warehouse in New
For Sale
Contact for pricing
1127 Front Ave SW, New Philadelphia, OH
Multi-tenant warehouse with I-77 and Route 250 access.
Property Size10,500 SF
Lot Size1.63 Acres
Price / SF$75.71
Days on Market1125
Property Features for 1127 Front Ave SW
General Information
Standard status
Active
Size
10,500 SF
Lot size
1.63 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 1127 Front Ave SW Contact us- Floor
- 1
- Size
- 10,500 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1127 Front Ave SW
• Multi-tenant warehouse in New Philadelphia for sale or lease.
• Building consists...
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Listing Agency:
NAI Spring
(330) 966-8800
Listed By:
Kelly Sober, CCIM · License #SAL.2018003046
(330) 806-8140
Source:
Moodyscre
Added: Aug 15, 2023
Changed: Aug 8
Last Checked: Sep 11 at 9:57AM
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 NAI Spring
Investment Insights
Based on property information with market context.
This multi-tenant warehouse in New Philadelphia is available for sale. The building comprises two units: a 4,172 square foot space formerly occupied by Swish Training, and a 6,328 square foot NST Sports Performance area, totaling 10,500 square feet. The property offers the flexibility to lease either side, both sides, or purchase the entire building. Its location provides convenient access to I-77 and Route 250.
Key Highlights
- Flexible Use: Lease one or both units, or purchase the entire building.
- Multi‑Tenant Warehouse: Two separate units offer diverse income potential or owner‑occupancy.
- Strategic Location: Easy access to I‑77 and Route 250 for convenient transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,833
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$836,660
$836.7K
Cap Rate 7%
$597,614
$597.6K
Cap Rate 9%
$464,811
$464.8K
Market Conditions
NOI Build-Up for 10,500 SF
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.
Gross rent
$52.9K $5.04/SF
− Vacancy
−$3.7K −$0.35/SF
EGI
$49.2K $4.69/SF
− OpEx
−$7.4K −$0.70/SF
NOI
$41.8K $3.98/SF
Area
Tuscarawas County, OH
Vacancy
7.00%
Lease Rate
$5.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$836,660
Cap Rate 7%
$597,614
Cap Rate 9%
$464,811
Alternative Uses
Best Use
Warehouse
$597.6K
$522.9K – $697.2K
NOI $41,833 @ 7.0% cap · market cap 5.26%
Second Best
Industrial
$492.2K
$430.6K – $574.2K
NOI $34,451 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,967 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Warehouse - Multi-tenant warehouse with I-77 and Route 250 access.
Where is this warehouse located?
The property is located at 1127 Front Ave SW New Philadelphia, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Flexible Use: Lease one or both units, or purchase the entire building.; Multi‑Tenant Warehouse: Two separate units offer diverse income potential or owner‑occupancy.; Strategic Location: Easy access to I‑77 and Route 250 for convenient transportation.
