Turnkey Industrial Welding
For Sale
$2,550,000
37062 Hocking Drive Logan, Logan, OH 43138
Five-building industrial complex with operational welding business, machinery, and shop equipment included.
Property Size18,944 SF
Price / SF$134.61
Days on Market41
Property Features for 37062 Hocking Drive Logan
General Information
Standard status
Active
Size
18,944 SF
Total Parking Spaces
50
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,239
Amenities
No
Public
2.0
50.0
18944.0
Building Details
Building Size
18,944 SF
Stories
1
Listing Agency:
(614) 660-5959
Listed By:
Neil (Tony) Mason
(614) 660-5959
Source:
Movenowohio
Added: Jul 12
Changed: Aug 11
Last Checked: Aug 21 at 4:02AM
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 Neil (Tony) Mason
Investment Insights
Based on property information with market context.
Turnkey industrial opportunity combining a fully operational Logan Welding business with a five-building facility designed for fabrication and production workflows. The offering includes manufacturing and welding bays, a dedicated CNC machining area, administrative office space, secure storage for raw materials and finished products, and multiple overhead doors intended to support logistics and truck access. The sale also includes established business operations, extensive inventory of materials, and commercial-grade machinery and shop equipment such as heavy-duty press brakes, welding rigs, and production tools.
Located in Logan, Ohio, the property is described as having excellent access to major regional transit routes, supporting efficient movement of materials in and out of the buildings.
The configuration provides multiple production spaces, along with office and secure storage, making it well-suited for an operating manufacturer or for a buyer seeking an equipment-inclusive setup from day one.
Located in Logan, Ohio, the property is described as having excellent access to major regional transit routes, supporting efficient movement of materials in and out of the buildings.
The configuration provides multiple production spaces, along with office and secure storage, making it well-suited for an operating manufacturer or for a buyer seeking an equipment-inclusive setup from day one.
Key Highlights
- Industrial complex on 2.0 acres with 5 buildings and total building area of 18,944 SF
- Includes the fully operational Logan Welding business, plus equipment, materials, and shop inventory
- Sale includes commercial‑grade machinery and shop equipment, including heavy‑duty press brakes and welding rigs
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
$220,108
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
8.63%
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%
$4,402,160
$4.4M
Cap Rate 7%
$3,144,400
$3.1M
Cap Rate 9%
$2,445,644
$2.4M
Market Conditions
NOI Build-Up for 18,944 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
$413.7K $21.84/SF
− Vacancy
−$99.3K −$5.24/SF
EGI
$314.4K $16.60/SF
− OpEx
−$94.3K −$4.98/SF
NOI
$220.1K $11.62/SF
Area
Hocking County, OH
Vacancy
24.00%
Lease Rate
$21.84 /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%
$4,402,160
Cap Rate 7%
$3,144,400
Cap Rate 9%
$2,445,644
Alternative Uses
Best Use
Industrial
$3.14M
$2.75M – $3.67M
NOI $220,108 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.82M
$3.34M – $4.45M
NOI $267,274 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 43138, OH
18,445
Population
8,457
Households
2.2
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
175.8 sq mi
ZIP Area
105
Density / Sq Mi
$65,028
Median Household Income
$37,920
Median Earnings
$766
Median Rent
$169,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Five-building industrial complex with operational welding business, machinery, and shop equipment included.
Where is this manufacturing property located?
The property is located at 37062 Hocking Drive Logan Logan, OH.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Industrial complex on 2.0 acres with 5 buildings and total building area of 18,944 SF; Includes the fully operational Logan Welding business, plus equipment, materials, and shop inventory; Sale includes commercial‑grade machinery and shop equipment, including heavy‑duty press brakes and welding rigs
