Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4610 Park Ave W Ontario, OH 44862

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $549,000

    6,900 SF warehouse with seven drive-in doors on 17+ acres.

    Property size:
    6,900 SF
    Lot size:
    8.00 Acres

    Property Features for 4610 Park Ave W

    General Information

    Size
    6,900 SF
    Lot size
    8.00 Acres

    We can help!

    Listing Contact
    Adam Divelbiss
    Source: Moodyscre

    Listing Agent: Adam Divelbiss

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

    Learn more

    Overview

    6,900 SF Warehouse with Acreage

    This property features a 6,900 square foot warehouse with a mezzanine, situated on over 17 acres. The warehouse includes seven drive-in doors, with six measuring 14 feet by 12 feet and one measuring 14 feet by 16 feet. It is equipped with 3-phase power, supplied by three panels rated at 400, 225, and 225. The ceiling height is 18 feet to the deck and 15 feet 8 inches to the beam. The property is located adjacent to Route 30.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Spa & Massage Hotel & Motel HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Richland
    State
    Ohio
    Longitude
    -82.68294
    Latitude
    40.76403

    Nearby Similar for Sale

    • $80,000
      3,000 SF

      Turnkey Children's Playhouse Business Opportunity

      Fully equipped children's playhouse business for sale in Ontario, OH.
      714 Richland Mall Dr, Ontario, OH 44906
      View Details
    • $875,000
      7,200 SF

      Retail/Flex Building on Large Lot

      7,200 SF retail/flex building on 7.53 acres for sale.
      653 Home Rd N, Ontario, OH
      View Details
    • $899,900

      Prime Ontario Commercial/Residential

      5-Acre Estate, High Traffic Location
      1980 Walker Lk Rd, Ontario, OH 44906
      View Details
    • $4,000,000

      Ontario Commercial Land - 10 Acres

      Prime Development Opportunity: 10 Acres, Utilities Available
      Walker Lk Rd, Ontario, OH 44906
      View Details
    • $3,500,000

      Ontario, OH Commercial Land - 10 Acres

      Prime Development Land near Intel & I-71
      0 Walker Lk Rd, Ontario, OH 44906
      View Details
    • $449,000

      Medical Office Building - Ontario, OH

      Prime Medical Office Space, Two Units Available
      2050 4 St, Ontario, OH 44906
      View Details
    • $925,000
      1,924 SF

      High-Traffic Commercial Land, Ontario, OH

      5-Acre Property, High Visibility, Near Intel
      1980 Walker Lk Rd, Ontario, OH 44906
      View Details

    FAQs

    What type of property is this?
    Warehouse - 6,900 SF warehouse with seven drive-in doors on 17+ acres.
    Where is this warehouse located?
    The property is located at 4610 Park Ave W Ontario, OH.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - 17+ acres of land; - 6,900 SF + mezzanine; - Seven drive-in doors: six are 14' x 12' and one is 14' x 16'
    (330) 757-4889
    Request Owner's contact information
    4610 Park Ave W Ontario, OH 44862
    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.
    4610 Park Ave W
    Ontario, OH 44862
    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
    4610 Park Ave W Ontario, OH 44862
    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

    We can help!
    Listing Contact
    Adam Divelbiss
    (330) 757-4889
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.