Industrial/Flex
For Sale
Contact for pricing
10708 Market St, North Lima, OH 44452
Industrial and flex space totaling 10,600 SF, available for sale or lease.
Property Size10,600 SF
Price / SF$141.51
Days on Market1208
Property Features for 10708 Market St
General Information
Standard status
Active
Size
10,600 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Spring
(330) 966-8800
Listed By:
Bryce Custer, SIOR, CCIM · License #BRKM.2017004455
(330) 418-9287
Source:
Moodyscre
Added: Jul 10, 2023
Changed: Oct 25
Last Checked: Oct 28 at 11:04AM
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 NAI Spring
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial/flex space offers a total of 10,600 SF and is available for sale or lease. The layout is well-suited for businesses that need both functional industrial space and flexible work or operational areas.
The property is located at 10708 Market St in North Lima, OH 44452.
The property is located at 10708 Market St in North Lima, OH 44452.
Key Highlights
- 10,600 SF industrial/flex space
- Available for sale or lease
- Property located at 10708 Market St, North Lima, OH 44452
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,557
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,140
$871.1K
Cap Rate 7%
$622,243
$622.2K
Cap Rate 9%
$483,967
$484.0K
Market Conditions
NOI Build-Up for 10,600 SF
Gross rent
$67.9K $6.41/SF
− Vacancy
−$5.7K −$0.54/SF
EGI
$62.2K $5.87/SF
− OpEx
−$18.7K −$1.76/SF
NOI
$43.6K $4.11/SF
Area
Mahoning County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,140
Cap Rate 7%
$622,243
Cap Rate 9%
$483,967
Alternative Uses
Best Use
Industrial
$622.2K
$544.5K – $726.0K
NOI $43,557 @ 7.0% cap · market cap 2.90%
Second Best
Flex RnD
$590.6K
$516.8K – $689.0K
NOI $41,340 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,022 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44452, OH
3,114
Population
1,166
Households
2.7
Avg Household Size
50
Median Age
28%
College-Educated
92%
High-School Grad
13.7 sq mi
ZIP Area
227
Density / Sq Mi
$60,000
Median Household Income
$44,875
Median Earnings
$738
Median Rent
$223,800
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial and flex space totaling 10,600 SF, available for sale or lease.
Where is this flex space located?
The property is located at 10708 Market St North Lima, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,600 SF industrial/flex space; Available for sale or lease; Property located at 10708 Market St, North Lima, OH 44452
