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    9988 Kinsman Rd Novelty, OH 44072

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    For Sale
    $3,200,000

    113,920 SF multi-tenant industrial center with 12 tenants.

    Property size:
    113,920 SF
    Lot size:
    3.18 Acres

    Property Features for 9988 Kinsman Rd

    General Information

    Size
    113,920 SF
    Lot size
    3.18 Acres

    Source: Marcus & Millichap | Columbus Agent Nathan Pealer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Industrial Center on 19+ Acres

    The Newbury Industrial Center is a 113,920-square-foot multi-tenant industrial center situated on over 19 acres. The property currently houses 12 tenants, including Ravago Chemical Distribution, Arc-Hound Welding, Koala Motor Sport, and Chagrin Pet. The property has a history of low vacancy and excellent occupancy, with recent tenant renewals. Rental rates and reimbursements are currently low, presenting an opportunity for growth. There is potential to increase income by advertising owner or vacant spaces to attract additional tenants and parking revenue. The property has historically been easy to rent without extensive advertising, due to a limited number of competitive properties. The roof systems have been well-maintained.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Hair Salon Grocery Store Bar & Pub Department Store Hotel & Motel Building Supply Wholesale Shop Kitchen & Bath Travel Agency Computer & Electronic Repair

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

    Similar Places Nearby

    West Geauga Self Storage, Chagrin Valley Mini Storage

    Location Insight

    • Map
    • Local Demand
    City
    Novelty
    County
    Geauga
    State
    Ohio
    Longitude
    -81.286484
    Latitude
    41.461955

    FAQs

    What type of property is this?
    Warehouse - 113,920 SF multi-tenant industrial center with 12 tenants.
    Where is this warehouse located?
    The property is located at 9988 Kinsman Rd Novelty, OH.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - 113,920-square-foot multi-tenant industrial center on over 19 acres; - Strong roster of longstanding tenants; - Low vacancy and excellent occupancy history
    (614) 852-9496
    Request Owner's contact information
    9988 Kinsman Rd Novelty, OH 44072
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    Novelty, OH 44072
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9988 Kinsman Rd Novelty, OH 44072
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