Multi-Use Flex Industrial
720 Townline Road 151 Norwalk, OH 44857
720 Townline Road 151, Norwalk, OH, 44857
$750,000
For Sale
$750,000
Flex-style complex with professional office and showroom, light manufacturing, warehouse space, tall ceilings, and overhead doors.
Property Size11,000 SF
Lot Size1.45 Acres
Price / SF$68.18
Days on Market428
Property Features for 720 Townline Road 151
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 1.45 Acres
Listing agency
Ewell & Associates
(419) 677-1066
Listed by
Jay A Ewell
(419) 677-1066
Source
Exprealty
Added: May 20, 2025 Updated: Jul 20 at 11:52PM Checked: Jul 20 at 11:52PM
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 Ewell & Associates
Investment Insights
Based on property information with market context.
This for-sale commercial property in Norwalk Township sits on a 1.451-acre lot just south of Norwalk and includes more than 11,000 square feet of combined commercial buildings. The space is set up to support a range of uses, with professional office space and a showroom, as well as light manufacturing and warehouse areas. Key physical features include tall ceilings and overhead doors. A paved parking lot is also on site.
The current tenant is expected to be leaving, potentially by June or sooner, creating an opportunity for an owner-user or investor to reposition the property to a new use.
The property’s mixed configuration and existing warehouse and office improvements make it suitable for buyers seeking a multi-use facility within a single site.
The current tenant is expected to be leaving, potentially by June or sooner, creating an opportunity for an owner-user or investor to reposition the property to a new use.
The property’s mixed configuration and existing warehouse and office improvements make it suitable for buyers seeking a multi-use facility within a single site.
Key Highlights
- Commercial property just south of Norwalk on a 1.451‑acre lot
- Over 11,000 sq ft of commercial buildings with professional office and showroom space
- Includes light manufacturing and warehouse space with tall ceilings
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 | $70.5k | $6.41 |
| − Vacancy | −$5.9k | −$0.54 |
| EGI | $64.6k | $5.87 |
| − OpEx | −$9.7k | −$0.88 |
| NOI | $54.9k | $4.99 |
11,000 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $134,857 @ 7.0% cap · market cap 17.98%
Second Best
Flex RnD
$1.85M
$1.62M – $2.16M
NOI $129,464 @ 7.0% cap · market cap 17.26%
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,039 @ 7.0% cap · market cap 21.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Solid Dimensions Inc
Professional Services
Local Seams
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Aramark — 255 Shady Ln Dr # A, Norwalk, OH 44857
FAQs
What type of property is this?
Flex space - Flex-style complex with professional office and showroom, light manufacturing, warehouse space, tall ceilings, and overhead doors.
Where is this flex space located?
The property is located at 720 Townline Road 151 Norwalk, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Commercial property just south of Norwalk on a 1.451‑acre lot; Over 11,000 sq ft of commercial buildings with professional office and showroom space; Includes light manufacturing and warehouse space with tall ceilings
