Versatile Warehouse Buildings on 11+ Acres

11820 Black River School Rd, Homerville, OH

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For Sale

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Four well-maintained warehouse buildings on 11.21 acres with yard.

Type:INDUSTRIAL

Property size:

17,352 SF

Lot size:

2.84 Acres

Price / SF:

$57/SF

HighLights

Four versatile warehouse buildings totaling approximately 18,144 SF on 11.21 acres.
480V, 3‑Phase power available in Buildings 2, 3, and 4.
Building 4 features 8,000 SF with a dock, ramp, ground‑level door, 28'-36' ceiling height, insulated walls and ceilings, LED lighting, a 2,144 SF climate‑controlled production area, and a 3,000 SF canopy.
Building 2 offers 3,600 SF of cold storage with 19' ceiling clearance.
Well‑maintained property with city water and a commercial septic system.
Building 1 includes a temperature‑controlled private office, propane‑heated warehouse, and workshop.

We can help!

Listing Contact

Sheila Miu

For Sale

Contact for pricing

Four well-maintained warehouse buildings on 11.21 acres with yard.

Type:INDUSTRIAL

Property size:

17,352 SF

Lot size:

2.84 Acres

Price / SF:

$57/SF

Added:: Mar 31, 2025
Days on Market:: 436
Last Refresh:: May 20 at 8:04 pm

Property Features for 11820 Black River School Rd

General Information

Standard status: Active
Size: 17,352 SF
Lot size: 2.84 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Sheila Miu

Listing agent Sheila Miu License #OH SAL2022006764

Listing office Gerspacher Real Estate Group

Listing date Mar 31, 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 Gerspacher Real Estate Group

HighLights

Four versatile warehouse buildings totaling approximately 18,144 SF on 11.21 acres.
480V, 3‑Phase power available in Buildings 2, 3, and 4.
Building 4 features 8,000 SF with a dock, ramp, ground‑level door, 28'-36' ceiling height, insulated walls and ceilings, LED lighting, a 2,144 SF climate‑controlled production area, and a 3,000 SF canopy.
Building 2 offers 3,600 SF of cold storage with 19' ceiling clearance.
Well‑maintained property with city water and a commercial septic system.
Building 1 includes a temperature‑controlled private office, propane‑heated warehouse, and workshop.

Overview

The property at 11820 Black River School Rd, Homerville, OH, features approximately 11.21 acres improved with four versatile warehouse buildings. The warehouses are well-maintained and include a yard. Building 1, closest to the street, measures 4,400 square feet and features a 12' x 20' drive-in door, a temperature-controlled private office, a propane-heated warehouse, and a workshop. Building 2 offers 3,600 square feet of cold storage space with 19' ceiling clears to the bottom of the beam, two sliding doors across the front, a ground-level door on one end, and a dock on the other. Building 3 provides 2,144 square feet with one set of 14' x 12' drive-thru doors, a large open heated workshop area, and a mezzanine office. Building 4 is 8,000 square feet and includes a ground-level 16' x 20' door, a dock and ramp, a 3,000 square foot canopy, LED lighting, insulated ceilings and walls, a 2,144 square foot climate-controlled production area, a restroom, and wall heights of 28' and 36' at peak. Building 1 has single-phase, 220 V power, while Buildings 2, 3, and 4 have three-phase 480V power, suitable for manufacturing. City water and a commercial septic system are available. The property is currently used for manufacturing, and is located in an R-2 Residential Zoning district, requiring a conditional permit.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$96.7k	$5.57
− Vacancy	−$4.3k	−$0.25
EGI	$92.4k	$5.32
− OpEx	−$13.9k	−$0.80
NOI	$78.5k	$4.53

17,352 SF · lease $5.57/SF/yr · vacancy 4.40% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.12M

$981.7K – $1.31M (±1% cap)

NOI $78,538 @ 7.0% cap · market cap 7.89%

Second Best

Industrial

$924.0K

$808.5K – $1.08M (±1% cap)

NOI $64,679 @ 7.0% cap · market cap 6.50%

Theoretical Best

Specialty Retail

$4.84M

$4.23M – $5.65M (±1% cap)

NOI $338,799 @ 7.0% cap · market cap 34.05%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

SprintPak inc. Industrial Manufacturer

Map

City: Homerville
County: Medina
State: Ohio
Longitude: -82.1253
Latitude: 41.0564

For sale
Warehouses
OH
Homerville
11820 Black River School Rd

What type of property is this?

Warehouse - Four well-maintained warehouse buildings on 11.21 acres with yard.

Where is this warehouse located?

The property is located at 11820 Black River School Rd Homerville, OH.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Four versatile warehouse buildings totaling approximately 18,144 SF on 11.21 acres.; 480V, 3‑Phase power available in Buildings 2, 3, and 4.; **Building 4 features 8,000 SF with a dock, ramp, ground‑level door, 28'-36' ceiling height, insulated walls and ceilings, LED lighting, a 2,144 SF climate‑controlled production area, and a 3,000 SF canopy.**

11820 Black River School Rd, Homerville, OH

Four well-maintained warehouse buildings on 11.21 acres with yard.

Property Features for 11820 Black River School Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Map

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