Light-Industrial Warehouse
3501 Cleveland Road Sandusky Sandusky, OH 44870
New
3501 Cleveland Road Sandusky, Sandusky, OH, 44870
$2,499,000
Light-industrial complex with a 10,000 SF warehouse, multiple overhead doors, fenced yard, and an additional accessory building.
Property Size14,320 SF
Price / SF$174.51
AddedJul 14
Days on Market3
Last RefreshJul 16 at 2:20 am
Property Features for 3501 Cleveland Road Sandusky
General Information
- Standard status
- Active
- Size
- 14,320 SF
Building Details
- Year Built
- 2006
Listing office (419) 670-7781
Listing date Jul 14, 2026
Source Quality-realty
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 William Joseph
Investment Insights
Based on property information with market context.
This light-industrial complex includes a primary warehouse building with natural gas heating, central air conditioning in the office area, and a dedicated office setup. The building provides approximately 20' height at the eaves, includes a conference room, private offices, restrooms, and a lobby, and is supported by five 16' x 16' overhead doors. The property also offers a fenced-in yard area, outside storage building, and paved parking.
An adjacent accessory building is included, newly constructed and approximately 4,320 SF with three 14-foot overhead doors, electricity, and propane heat. A quonset hut of approximately 2,100 SF is also on site with paved and fenced perimeter areas. The site is described as having C-1, C-2, and I-1 zoning, supporting a range of commercial uses.
In addition, the property includes extra land totaling approximately 3 acres that fronts US Route 6/Cleveland Road, positioned for high-visibility commercial development. There is a current tenant lease in place that is described as assignable to the new owner, and qualified buyers can sign an NDA for further information. Please do not contact the tenant for tours or site visits.
An adjacent accessory building is included, newly constructed and approximately 4,320 SF with three 14-foot overhead doors, electricity, and propane heat. A quonset hut of approximately 2,100 SF is also on site with paved and fenced perimeter areas. The site is described as having C-1, C-2, and I-1 zoning, supporting a range of commercial uses.
In addition, the property includes extra land totaling approximately 3 acres that fronts US Route 6/Cleveland Road, positioned for high-visibility commercial development. There is a current tenant lease in place that is described as assignable to the new owner, and qualified buyers can sign an NDA for further information. Please do not contact the tenant for tours or site visits.
Key Highlights
- Light‑industrial complex built in 2006 featuring a 10,000 SF primary building with 20' eave height.
- Primary building includes (5) 16' x 16' overhead doors, natural gas heating, and central A/C in the office area.
- Fenced‑in yard area plus conference room, private offices, restrooms, lobby, outside storage building, and paved parking.
Local 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 | $91.8k | $6.41 |
| − Vacancy | −$7.7k | −$0.54 |
| EGI | $84.1k | $5.87 |
| − OpEx | −$12.6k | −$0.88 |
| NOI | $71.5k | $4.99 |
14,320 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.02M
$893.2K – $1.19M
NOI $71,453 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$157.59M
$137.89M – $183.86M
NOI $11,031,307 @ 7.0% cap · market cap 441.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
All Phase Power ...
Electrical Service
Legacy Concrete & Stone ...
Construction Company
Lake Erie Towing ...
Boat Club
Access Snow Removal
Landscaping
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FAQs
What type of property is this?
Warehouse - Light-industrial complex with a 10,000 SF warehouse, multiple overhead doors, fenced yard, and an additional accessory building.
Where is this warehouse located?
The property is located at 3501 Cleveland Road Sandusky Sandusky, OH.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Light‑industrial complex built in 2006 featuring a 10,000 SF primary building with 20' eave height.; Primary building includes (5) 16' x 16' overhead doors, natural gas heating, and central A/C in the office area.; Fenced‑in yard area plus conference room, private offices, restrooms, lobby, outside storage building, and paved parking.
