Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Warehouse Storage Building Title is generated by Realmo AI

    129 W Sandusky Avenue, Bellefontaine, OH 43311

    View on Map
    Claim this Listing
    For Sale
    $250,000

    5,500 sq ft warehouse in downtown Bellefontaine, OH.

    Type:General Commercial
    Property size:
    5,500 SF
    Price / SF:
    $45/SF
    Added:
    Sep 19, 2024
    Days on Market:
    626
    Last Refresh:
    May 13 at 8:31 pm

    Property Features for 129 W Sandusky Avenue

    General Information

    Standard status
    Active
    Size
    5,500 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Heidi Baker

    Listing agent Heidi Baker

    Listing office N/A

    Listing date Sep 19, 2024

    Source Xome

    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

    HighLights

    • Prime downtown Bellefontaine location.
    • 5,500 sq ft commercial warehouse space.
    • Excellent signage visibility off Sandusky Avenue.
    • 10 x 10 overhead electric door.
    • Concrete floor.
    • Full utilities.

    Overview

    This commercial warehouse storage building is located in downtown Bellefontaine, Ohio. The facility offers 5,500 square feet of space, with dimensions of 55 x 100. Situated just off Sandusky Avenue, the property benefits from signage visibility. It features a 10 x 10 overhead electric door, concrete floor, and full utilities. This warehouse offers space, location, and functionality for expanding a current business or starting a new venture.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Stow-Away Storage Bellefontaine — 1143 Co Rd 130, Bellefontaine, OH 43311

    Location Insight

    • Map
    • Local Demand
    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.7606405
    Latitude
    40.362513

    Nearby Similar for Sale

    • $795,000
      9,600 SF

      Spacious Land with Large Outbuilding

      12.7-acre property with a 9,600 sq ft outbuilding in Ohio.
      1274 Township Road 204, Bellefontaine, OH 43311
      View Details
    • $199,900
      1,384 SF

      Versatile Commercial Building in Bellefontaine

      Adaptable commercial space with endless possibilities in a prime location.
      717 S Main Street, Bellefontaine, OH 43311
      View Details
    • $225,000
      1,485 SF

      Bellefontaine Duplex: Income Opportunity

      Well-maintained duplex near shops and restaurants, excellent income potential.
      112 W Carter Avenue, Bellefontaine, OH 43311
      View Details
    • $225,000
      1,248 SF

      Bellefontaine Duplex: Income Opportunity

      Well-maintained duplex near shops and restaurants, great income potential.
      728 S Main Street, Bellefontaine, OH 43311
      View Details
    • $195,900
      1,872 SF

      Income-Producing Duplex in Bellefontaine, OH

      Well-maintained duplex with two units generating $1,900 monthly income.
      605 N Detroit Street, Bellefontaine, OH 43311
      View Details
    • $219,900
      2,792 SF

      Bellefontaine Duplex with Rental Income

      Two spacious units, generating $2,350 monthly rental income.
      300 W Sandusky Avenue, Bellefontaine, OH 43311
      View Details
    • $2,979,900

      231+/- Acre Farm For Sale

      Large contiguous tract with development potential in Logan County.
      County Road 91, Bellefontaine, OH 43311
      View Details
    • $49,500

      Commercial Corner Development Land

      Two connected parcels offer road frontage and flexible zoning options for retail or mixed-use redevelopment.
      W Columbus Avenue, Bellefontaine, OH 43311
      View Details
    • $1,400,000
      2,568 SF

      Bellefontaine Commercial Opportunity on Main

      Prime commercial property in Bellefontaine's business district with high visibility.
      1433 S Main Street, Bellefontaine, OH 43311
      View Details
    • $350,000
      4,872 SF

      Historic Post Office Landmark Property

      Iconic Bellefontaine building with versatile potential in a vibrant downtown.
      201 W Chillicothe Avenue, Bellefontaine, OH 43311
      View Details
    • $620,000
      24,000 SF

      Bellefontaine Manufacturing Facility For Sale

      24,000 SF manufacturing facility on 3.047 acres.
      314 Water Ave, Bellefontaine, OH
      View Details
    • $495,000
      8,700 SF

      Historic Elks Building Opportunity

      Iconic 8,700 SF building in Downtown Bellefontaine.
      221 N Main Street, Bellefontaine, OH 43311
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,500 sq ft warehouse in downtown Bellefontaine, OH.
    Where is this warehouse located?
    The property is located at 129 W Sandusky Avenue Bellefontaine, OH.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime downtown Bellefontaine location.; **5,500 sq ft commercial warehouse space.**; Excellent signage visibility off Sandusky Avenue.
    (937) 935-2450
    We can help!
    Listing Contact
    Heidi Baker
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    129 W Sandusky Avenue, Bellefontaine, OH 43311
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!