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

    145 1St Dr NE, Unit B New Philadelphia, OH 44663

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo ($3 SF/Yr)

    5,000 SF warehouse with office space for lease.

    Property size:
    5,160 SF
    Lot size:
    0.82 Acres

    Property Features for 145 1St Dr NE

    General Information

    Standard status
    Active
    Size
    5,160 SF
    Lot size
    0.82 Acres

    Building Details

    Year built
    1928

    We can help!

    Listing Contact
    Jan A Mcinturf
    Jan A Mcinturf
    Source: Exitrealty

    Listing Agency: McInturf Realty Listing Agent: Jan A Mcinturf

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

    Learn more

    Overview

    Warehouse with Office in Downtown

    This property offers 5,000 square feet of warehouse space, complemented by a 320 square foot office area and a bathroom. The warehouse features 11' and 12' garage doors. Located in downtown New Philadelphia, it provides convenient access to the square. Additional space is available. The intended use of the property is for warehouse purposes.
    Location Intelligence

    Current Use by Public Records

    Horsfall's Auto Marine ... Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    M

    Location Insight

    • Map
    • Local Demand
    City
    New Philadelphia
    County
    Tuscarawas
    State
    Ohio
    Longitude
    -81.4437804
    Latitude
    40.4904235

    Nearby Similar for Lease

    • $7,900 /Mo
      50,094 SF

      New Philadelphia Commercial Space Available

      Commercial building with warehouse and office space for lease.
      812 Kaderly St NW, New Philadelphia, OH 44663
      View Details
    • $1,222 /Mo
      314,242 SF

      Versatile Retail Space in Ohio

      3,450 SF retail space in a bustling business hub.
      1260 Monroe St NW, New Philadelphia, OH 44663
      View Details
    • $850 /Mo
      3,354 SF

      Affordable Office Space For Rent

      Second-floor office space near downtown New Philadelphia. Utilities included.
      233 W High Ave, New Philadelphia, OH 44663
      View Details
    • $1,853 /Mo
      314,242 SF

      Versatile Retail Space Available

      4,680 SF retail space in a high-traffic business hub.
      1260 Monroe St NW, New Philadelphia, OH 44663
      View Details
    • $1,500 /Mo
      5,160 SF

      Warehouse with Office in Ohio

      5,000 SF warehouse with office space for lease.
      145 1St Dr NE, New Philadelphia, OH 44663
      View Details
    • $2,315 /Mo
      132,379 SF

      Medical Office Space For Lease

      1,984 SF medical office space available for lease.
      1031 W High Ave, New Philadelphia, OH 44663
      View Details
    • $400 /Mo
      35,589 SF

      Warehouse Space in Downtown Location

      800 SF warehouse space for lease in New Philadelphia.
      145 1St Dr NE, New Philadelphia, OH 44663
      View Details
    • $395 /Mo
      3,520 SF

      Updated Office Space in Ohio

      Classy, updated office space on the square in New Philadelphia.
      108 E High Ave, New Philadelphia, OH 44663
      View Details
    • $325 /Mo
      77,755 SF

      New Philadelphia Storage Space Available

      New, heated storage units for lease near State Route 250.
      1784 Baltzley Valley Rd SE, New Philadelphia, OH 44663
      View Details
    • $10 SF/Yr

      Established Shopping Plaza in New Philadelphia

      Professionally managed plaza with ample parking in a convenient location.
      1239 Monroe St Northwest, New Philadelphia, OH 44663
      View Details
    • $5 SF/Yr

      New Philadelphia Multi-Tenant Warehouse

      Multi-tenant warehouse in New Philadelphia, suitable for various uses.
      1127 Front St SW, New Philadelphia, OH 44663
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in New Philadelphia

      3,000 SF retail space available in New Philadelphia, Ohio.
      240-408 Bluebell Dr NW, New Philadelphia, OH 44663
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,000 SF warehouse with office space for lease.
    Where is this warehouse located?
    The property is located at 145 1St Dr NE, Unit B New Philadelphia, OH.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - 5,000 sq ft warehouse space with 320 sq ft office; - Excellent downtown location, close to the square of New Philadelphia; - 11' & 12' garage doors
    (330) 343-7603
    Request Owner's contact information
    145 1St Dr NE, Unit B New Philadelphia, OH 44663
    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.
    145 1St Dr NE, Unit B
    New Philadelphia, OH 44663
    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
    145 1St Dr NE, Unit B New Philadelphia, OH 44663
    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
    Jan A Mcinturf
    Jan A Mcinturf
    Real Estate License ID: 314352
    (330) 343-7603 (330) 364-6648 (330) 340-6648
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!