Manufacturing Facility with Dock
300 Commerce Dr Lagrange, OH 44050
For Sale
Contact for pricing
Manufacturing building with heavy power/air lines, multiple dock and drive-in doors, and an additional gated yard.
Property Size47,730 SF
Price / SF$48.71
Days on Market838
Property Features for 300 Commerce Dr
General Information
Standard status
Active
Size
47,730 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cresco Real Estate | Cleveland
(216) 525-1476
Listed By:
Brian Smith
Source:
Moodyscre
Added: Apr 13, 2024
Changed: Jul 26
Last Checked: Jul 28 at 4:20PM
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This manufacturing facility is equipped with heavy power and air lines and includes multiple dock and drive-in doors throughout the building. The property also provides additional land for expansion and a gated driveway for controlled access.
The site is located at 300 Commerce Dr in LaGrange, OH, with easy access to Route 10 and Route 303.
An additional 3,600 SF outbuilding rounds out the improvements, featuring two oversized drive-in doors for added operational flexibility.
The site is located at 300 Commerce Dr in LaGrange, OH, with easy access to Route 10 and Route 303.
An additional 3,600 SF outbuilding rounds out the improvements, featuring two oversized drive-in doors for added operational flexibility.
Key Highlights
- Manufacturing facility with heavy power and air lines
- Multiple dock and drive‑in doors throughout the facility
- Additional land for expansion plus a gated driveway
Financial Insights For Industrial
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 | $267.8k | $5.61 |
| − Vacancy | −$10.2k | −$0.21 |
| EGI | $257.6k | $5.40 |
| − OpEx | −$77.3k | −$1.62 |
| NOI | $180.3k | $3.78 |
47,730 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$3.13M
$2.74M – $3.65M
NOI $218,952 @ 7.0% cap · market cap 9.42%
Second Best
Industrial
$2.58M
$2.25M – $3.01M
NOI $180,313 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$12.03M
$10.52M – $14.03M
NOI $841,957 @ 7.0% cap · market cap 36.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing building with heavy power/air lines, multiple dock and drive-in doors, and an additional gated yard.
Where is this manufacturing property located?
The property is located at 300 Commerce Dr Lagrange, OH.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: Manufacturing facility with heavy power and air lines; Multiple dock and drive‑in doors throughout the facility; Additional land for expansion plus a gated driveway
