Two-Story Flex Warehouse with
127 S Main Street New Carlisle, OH 45344
127 S Main Street, New Carlisle, OH, 45344
$225,000
For Sale
$225,000
Remodeled street-level front includes accessible bathroom and break room, plus warehouse space, offices/rooms, and rear garage with electric door.
Property Size2,975 SF
Price / SF$75.63
Days on Market536
Property Features for 127 S Main Street
General Information
- Standard status
- Active
- Size
- 2,975 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1900
Listing agency
N/A
(937) 505-7830
Listed by
Ana Krohn · License #2022001583
(937) 505-7830
Source
Xome
Added: Feb 1, 2025 Updated: Jul 21 at 4:35PM Checked: Jul 21 at 4:35PM
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 N/A
Investment Insights
Based on property information with market context.
This two-story flex-style commercial property features a beautifully remodeled front space with a handicap accessible bathroom and a break room area. The building is laid out with multiple rooms that require your finishing touches, including the entire second floor with three spacious rooms that could be adapted for additional office or expanded business use.
On the main level, a large warehouse area provides room for storage, along with a potential second bathroom. The rear garage space includes a wide electric door and offers alley access, supporting deliveries, storage, or workshop use. The property also offers ample street parking.
The building’s flexible interior configuration and mix of warehouse and front-space improvements make it suitable for a range of commercial uses, subject to buyer planning and finishing scope.
On the main level, a large warehouse area provides room for storage, along with a potential second bathroom. The rear garage space includes a wide electric door and offers alley access, supporting deliveries, storage, or workshop use. The property also offers ample street parking.
The building’s flexible interior configuration and mix of warehouse and front-space improvements make it suitable for a range of commercial uses, subject to buyer planning and finishing scope.
Key Highlights
- Remodeled street‑level front space with a handicap accessible bathroom and a break room area
- Second floor includes three spacious rooms that could be adapted for apartment/living space or additional business use
- Main level features a massive warehouse area plus multiple rooms awaiting finishing touches
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 | $19.1k | $6.41 |
| − Vacancy | −$1.6k | −$0.54 |
| EGI | $17.5k | $5.87 |
| − OpEx | −$2.6k | −$0.88 |
| NOI | $14.8k | $4.99 |
2,975 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$212.1K
$185.6K – $247.4K
NOI $14,844 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$174.6K
$152.8K – $203.8K
NOI $12,225 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$829.8K
$726.1K – $968.1K
NOI $58,087 @ 7.0% cap · market cap 25.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Remodeled street-level front includes accessible bathroom and break room, plus warehouse space, offices/rooms, and rear garage with electric door.
Where is this flex space located?
The property is located at 127 S Main Street New Carlisle, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Remodeled street‑level front space with a handicap accessible bathroom and a break room area; Second floor includes three spacious rooms that could be adapted for apartment/living space or additional business use; Main level features a massive warehouse area plus multiple rooms awaiting finishing touches
