Versatile Commercial Property with
1200 Hartshorn Road Lakeside-Marblehead, OH 43440
For Sale
Contact for pricing
High-traffic location, M-1 zoning, ideal for various business uses.
Property Size4,800 SF
Price / SF$109.38
Days on Market65
Property Features for 1200 Hartshorn Road
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail, Industrial, Mixed Use
Building Details
Year Built
2008
Listing Agency:
Truth First Realty
(419) 680-6390
Listed By:
Steve Lehmann · License #OH 2010003176
Source:
Crexi
Added: May 26
Changed: Jul 10
Last Checked: Jul 28 at 9:30AM
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 Truth First Realty
Investment Insights
Based on property information with market context.
This commercial property is located in a high-traffic central location and is zoned M-1 Light Manufacturing Industrial, suitable for business owners and investors. It is ideal for automotive services, car detailing, storage, distribution, manufacturing, assembly, and mini-warehouse operations. The insulated main warehouse provides approximately 3,960 sq. ft. of space with 12-foot ceilings, concrete floors, lighting, forced air heat and cooling, and a 10x10 overhead garage door. The front office area offers approximately 840 sq. ft. of finished space, including a waiting room, conference room, private office, and flexible workspace. There are two restroom areas, one with a half bath and another with a shower and sink. The property is serviced by public water, a septic system, and an electric heat pump with propane backup. This well-maintained building offers functionality, visibility, and room to grow in an accessible location. The total property size is 4,800 sq. ft.
Key Highlights
- High‑traffic central location with M‑1 Light Manufacturing Industrial zoning
- Approximately 3,960 sq. ft. insulated warehouse with 12‑foot ceilings and 10x10 overhead garage door
- Approximately 840 sq. ft. of finished front office space including waiting room, conference room, and private office
Financial Insights For Warehouse
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 | $30.8k | $6.41 |
| − Vacancy | −$2.6k | −$0.54 |
| EGI | $28.2k | $5.87 |
| − OpEx | −$4.2k | −$0.88 |
| NOI | $24.0k | $4.99 |
4,800 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.71M
$1.50M – $2.00M
NOI $119,742 @ 7.0% cap · market cap 22.81%
Second Best
Mixed Use
$1.12M
$976.3K – $1.30M
NOI $78,100 @ 7.0% cap · market cap 14.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - High-traffic location, M-1 zoning, ideal for various business uses.
Where is this mixed-use property located?
The property is located at 1200 Hartshorn Road Lakeside-Marblehead, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: High‑traffic central location with M‑1 Light Manufacturing Industrial zoning; Approximately 3,960 sq. ft. insulated warehouse with **12‑foot ceilings and 10x10 overhead garage door**; Approximately 840 sq. ft. of finished front office space including waiting room, conference room, and private office
