Properties For Sale

at 123 Lee St

123 Lee St AVAILABLE, Now

Floor Bldg

Size 4,500 SF

Type INDUSTRIAL

Lease Type NNN

Sublease No

- 4,500 SF building - 3,200 SF warehouse - 1,300 SF office - 14 doors (6 each side and 2 on end) @ dock high @ 9' X 12' - 1@ 14' X 12' dock high on end - Ramp @ 1 0' wide on end/ side load - 4' overhang above all doors - Built in 1980 - 1.89 paved acres - Concrete pads at the dock doors for trailer parking - Partially fenced - City utilities - Land Use 482 - Truck Terminal - City of Belpre C-2 Zoning (General Commercial District) - Contractor's equipment storage allowed as special use - Business friendly city officials and staff - 200 Yards from signalized intersection with Washington Blvd/ State Route 618 - Approximately 1 mile to State Route 7, 2 miles to US Route 50 and 6 miles to 1-77

Contact us

Listing Agency: Colliers | Fort Myers Show Phone

Listed By: Fred Kolb, CCIM Show Phone

Source: Moodyscre

Added: Mar 21, 2025 Changed: Oct 26 Last Checked: Nov 1 at 6:29AM

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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 | Fort Myers

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Investment Insights

Based on property information with market context.

This 4,500 square foot building features a 3,200 square foot warehouse and 1,300 square foot office space. Constructed in 1980, the property includes 14 dock-high doors, each measuring 9 feet by 12 feet, with 6 doors on each side and 2 on the end. Additionally, there is one 14-foot by 12-foot dock-high door on the end, along with a 10-foot wide ramp for end or side loading. A 4-foot overhang protects all doors. The property sits on 1.89 paved acres and includes concrete pads at the dock doors for trailer parking. It is partially fenced and connected to city utilities. The land is designated for truck terminal use (Land Use 482) and is zoned C-2 (General Commercial District) by the City of Belpre, which allows contractor's equipment storage as a special use. The property is located 200 yards from a signalized intersection with Washington Boulevard/State Route 618, approximately 1 mile from State Route 7, 2 miles from US Route 50, and 6 miles from I-77.

Key Highlights

• 4,500 SF building: 3,200 SF warehouse and 1,300 SF office space.
• 1.89 paved acres with concrete pads for trailer parking**.
• 14 dock‑high doors (9' X 12') plus one 14' X 12' dock‑high door**.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,454

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$449,080 $449.1K

Cap Rate 7%

$320,771 $320.8K

Cap Rate 9%

$249,489 $249.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$28.8K $6.41/SF

− Vacancy

−$2.4K −$0.54/SF

EGI

$26.4K $5.87/SF

− OpEx

−$4.0K −$0.88/SF

NOI

$22.5K $4.99/SF

Area

Washington County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$449,080

Cap Rate 7%

$320,771

Cap Rate 9%

$249,489

Alternative Uses

Best Use

Warehouse

$320.8K

$280.7K – $374.2K (±1% cap)

NOI $22,454 @ 7.0% cap · market cap 5.05%

Second Best

Industrial

$264.2K

$231.1K – $308.2K (±1% cap)

NOI $18,491 @ 7.0% cap · market cap 4.16%

Theoretical Best

Mixed Use

$1.05M

$915.2K – $1.22M (±1% cap)

NOI $73,219 @ 7.0% cap · market cap 16.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Central Van Lines Moving Company

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Building Supply Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

405

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Truck terminal - 4,500 SF warehouse with truck terminal in Belpre, OH.

Where is this truck terminal located?

The property is located at 123 Lee St Belpre, OH.

What is the asking price?

The asking price for this property is $445,000.

What are key features of this property?

This property features: 4,500 SF building: **3,200 SF warehouse and 1,300 SF office space**.; 1.89 paved acres with concrete pads for trailer parking**.; 14 dock‑high doors (9' X 12') plus one 14' X 12' dock‑high door**.