Renovated Truck Repair Facility For
1151 East St Fairport Harbor, OH
For Sale
Contact for pricing
19,440± SF renovated truck repair facility with storage.
Property Size19,440 SF
Lot Size5.69 Acres
Price / SF$92.59
Days on Market561
Property Features for 1151 East St
General Information
Standard status
Active
Size
19,440 SF
Lot size
5.69 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Global Real Estate Advisors
(440) 339-8585
Listed By:
Neil Sawicki, SIOR, Broker
(440) 339-8585
Source:
Moodyscre
Added: Jan 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:35AM
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
Investment Insights
Based on property information with market context.
This 19,440± SF facility includes 2,520± SF of newly renovated two-story office space and 16,920± SF of repair facility and storage space. The building was converted from a truck terminal into a full-service semi-repair facility. It features two new used oil furnaces installed in 2021. Situated on 5.69± acres, the property includes a newly paved 115,000± SF asphalt area and over 1 acre of fenced-in storage known as "Fairport Storage." Located on East St (State Route 535), the property is in close proximity to SR 2, SR 44, and Interstate 90. The entire property is available for lease, and the tenant will receive exclusive rights to the storage areas and the commercial truck yard.
Key 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.
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 |
19,440 SF · lease $5.71/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.30M
$1.14M – $1.51M
NOI $90,861 @ 7.0% cap · market cap 5.05%
Second Best
Industrial
$1.07M
$935.3K – $1.25M
NOI $74,827 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,295 @ 7.0% cap · market cap 17.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Truck terminal - 19,440± SF renovated truck repair facility with storage.
Where is this truck terminal located?
The property is located at 1151 East St Fairport Harbor, OH.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 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.
