Listing Agency: CBRE | Dayton P***@cbre.com Show Phone

Listed By: Patrick Hewitt Show Phone

Source: Cbre

Added: Apr 15 Changed: Jul 10 Last Checked: Aug 20 at 10:28AM

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Investment Insights

Based on property information with market context.

This industrial property, located in Spring Valley, Ohio, offers a total area of 13,500 square feet. The property is available for sale.

Key Highlights

• Industrial property available for sale.
• Located in Spring Valley, Ohio.
• (Further details needed to determine remaining selling points)

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$83,494

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.84%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,669,880 $1.7M

Cap Rate 7%

$1,192,771 $1.2M

Cap Rate 9%

$927,711 $927.7K

Market Conditions

NOI Build-Up for 13,500 SF 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.

Gross rent

$128.0K $9.48/SF

− Vacancy

−$8.7K −$0.64/SF

EGI

$119.3K $8.84/SF

− OpEx

−$35.8K −$2.65/SF

NOI

$83.5K $6.18/SF

Area

Greene County, OH

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,669,880

Cap Rate 7%

$1,192,771

Cap Rate 9%

$927,711

Alternative Uses

Best Use

Industrial

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,494 @ 7.0% cap · market cap 8.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office B

$2.54M

$2.22M – $2.96M (±1% cap)

NOI $177,685 @ 7.0% cap · market cap 18.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

PLASCO, Inc. Industrial Manufacturer

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Building Supply Storage Facility Garden Center

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

41

Businesses Nearby

Explore this area Business Placement

Demographics for 45370, OH

2,379

Population

1,009

Households

2.4

Avg Household Size

48

Median Age

41%

College-Educated

94%

High-School Grad

16.7 sq mi

ZIP Area

142

Density / Sq Mi

$105,625

Median Household Income

$48,914

Median Earnings

$937

Median Rent

$318,500

Median Home Value

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial property available for sale in Spring Valley, Ohio.

Where is this industrial property located?

The property is located at 2408 Darnell Drive Spring Valley, OH.

What is the asking price?

The asking price for this property is $945,000.

What are key features of this property?

This property features: Industrial property available for sale.; Located in Spring Valley, Ohio.; (Further details needed to determine remaining selling points)