Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1722 Hayes Ave Sandusky, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multitenant warehouse in Sandusky, OH, with ample parking.

    Type:INDUSTRIAL
    Property size:
    54,224 SF
    Lot size:
    5.91 Acres
    Added:
    Feb 5, 2025
    Days on Market:
    441
    Last Refresh:
    Apr 5 at 9:58 pm

    Property Features for 1722 Hayes Ave

    General Information

    Standard status
    Active
    Size
    54,224 SF
    Lot size
    5.91 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Conor Toomey

    Listing agent Conor Toomey

    Listing office Colliers | Cleveland

    Listing date Feb 5, 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 Colliers | Cleveland

    Overview

    Sandusky Warehouse with Income Potential

    This 54,224-square-foot property is located in Sandusky, Ohio, less than three miles from Route 2, offering convenient access to local amenities. It presents a multitenant opportunity with existing income, suitable for both owner-users and investors. Ample parking and outside storage are available. The property features three new docks and a truck court, installed in 2022.
    Location Intelligence

    Current Use by Public Records

    OIE Properties Warehouse & Storage RhetechColors Warehouse & Storage American Prestige gymnastic Gym & Fitness Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Surplus Storage — 1011 Tiffin St, Fremont, OH 43420

    Location Insight

    • Map
    • Local Demand
    City
    Sandusky
    County
    Erie
    State
    Ohio
    Longitude
    -82.712
    Latitude
    41.4389

    Nearby Similar for Sale

    • $430,000

      Mixed-Use Property in Downtown Sandusky

      Turnkey investment opportunity with commercial and residential units in booming Sandusky.
      426 Huron Avenue, Sandusky, OH 44870
      View Details
    • $285,000

      Sandusky Multifamily Investment Opportunity

      Stabilized 4-unit property with value-add potential in Sandusky, Ohio.
      1415 Central Avenue, Sandusky, OH 44870
      View Details
    • $998,000
      12,000 SF

      Office Building with Expansion Potential

      Office building featuring a large parking lot and expansion potential.
      319 Howard Dr, Sandusky, OH
      View Details
    • $459,000

      Bar, Airbnb, and Land

      Bar, apartment, Airbnb, garages on 1.53 acres.
      3005 Bardshar Road, Sandusky, OH 44870
      View Details
    • $639,000

      Commercial Property on Main Intersection

      Commercial property with two buildings and additional land parcels.
      513 E Perkins Ave, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Sandusky Restaurant Opportunity

      4,228 SF restaurant on 0.87 acres in Sandusky, OH.
      Sandusky, OH 44870
      View Details
    • $365,000
      1,247 SF

      Retail Space For Sale

      Retail space available, 1,247 SqFt.
      1033 Cleveland Rd W, Sandusky, OH 44870
      View Details
    • $299,900
      4,625 SF

      Established Bar with Rental Income

      Turnkey bar with apartment, prime location, multiple revenue streams.
      509 Tiffin Ave, Sandusky, OH 44870
      View Details
    • $1,950,000
      6,246 SF

      Prime Sandusky Shoreline Marina Opportunity

      Marina in high-traffic tourist area with growth potential.
      235 E Shoreline Dr, Sandusky, OH
      View Details
    • Contact for pricing
      4,228 SF

      Sandusky Retail Opportunity

      Retail space available in Sandusky, Ohio.
      3321 Milan Road, Sandusky, OH 44870
      View Details
    • $4,000,000
      36,600 SF

      Wolf Inn Hotel

      112-room hotel near Cedar Point and Sandusky attractions.
      2905 Milan Rd, Sandusky, OH 44870
      View Details
    • $7,000
      2,100 SF

      Retail Building Near Sandusky Mall

      2,100 sq ft building in high-traffic retail area.
      4104 MILAN Road, Sandusky, OH 44870
      View Details

    FAQs

    What type of property is this?
    Warehouse - Multitenant warehouse in Sandusky, OH, with ample parking.
    Where is this warehouse located?
    The property is located at 1722 Hayes Ave Sandusky, OH.
    What are key features of this property?
    This property features: Multitenant property ideal for owner‑users or investors with existing income; Three new docks and truck court installed in 2022; Ample parking and outside storage
    (440) 539-9649 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Conor Toomey
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!