Manufacturing Facility with Expansion
300 Commerce Dr Lagrange, OH
300 Commerce Dr, Lagrange, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Manufacturing facility with heavy power, multiple doors, and expansion land.
Property Size47,730 SF
Lot Size6.62 Acres
Price / SF$48.71
Days on Market831
Property Features for 300 Commerce Dr
General Information
- Standard status
- Active
- Size
- 47,730 SF
- Lot size
- 6.62 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 300 Commerce Dr Contact us
Listing agency
Cresco Real Estate | Cleveland
(216) 525-1476
Listed by
Brian Smith
Source
Moodyscre
Added: Apr 13, 2024 Updated: Jul 6 at 9:51AM Checked: Jul 21 at 4:41AM
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This manufacturing facility features heavy power and air lines. The property includes multiple dock and drive-in doors throughout the facility. Additional land is available for expansion. A gated driveway provides access to the premises. The location offers convenient access to Route 10 and Route 303. An outbuilding of 3,600 square feet is present, equipped with two oversized drive-in doors. The property has a total size of 47,730 square feet.
Key Highlights
- Easy access to Route 10 & Route 303
- Heavy power and air lines
- Multiple dock and drive‑in doors offer flexible loading options
Local Financial Insights For Industrial
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 | $267.8k | $5.61 |
| − Vacancy | −$10.2k | −$0.21 |
| EGI | $257.6k | $5.40 |
| − OpEx | −$77.3k | −$1.62 |
| NOI | $180.3k | $3.78 |
47,730 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$3.13M
$2.74M – $3.65M
NOI $218,952 @ 7.0% cap · market cap 9.42%
Second Best
Industrial
$2.58M
$2.25M – $3.01M
NOI $180,313 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$12.03M
$10.52M – $14.03M
NOI $841,957 @ 7.0% cap · market cap 36.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Professional Hvacr Services ...
Production Facility
Pro Green Technologies
Production Facility
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FAQs
What type of property is this?
Manufacturing property - Manufacturing facility with heavy power, multiple doors, and expansion land.
Where is this manufacturing property located?
The property is located at 300 Commerce Dr Lagrange, OH.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: Easy access to Route 10 & Route 303; Heavy power and air lines; Multiple dock and drive‑in doors offer flexible loading options
