Building Details

Year Built 2008

Building Size 4,200 SF

Listing Agency: RE/MAX Edge Realty

Listed By: Brandy Maurer · License #2024005050 Show Phone

Source: Theacclaimedrealty

Added: Jul 24 Changed: Oct 5 Last Checked: Oct 5 at 7:35PM

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Investment Insights

Based on property information with market context.

Located at 75 Eastgate Drive in North Lima, this flex property includes an approximately 4,200-square-foot industrial building on a 0.61-acre lot. Constructed in 2008, the building provides adaptable workspace with overhead-door access and on-site parking. The property is positioned within Beaver Township and falls within the South Range Local School District.

Transportation access includes SR-7, SR-170, I-680, and the Ohio Turnpike, with Youngstown and the Pennsylvania border nearby. The building’s configuration supports warehouse, distribution, contractor, service, and light manufacturing operations, subject to zoning. Its setting in Eastgate Industrial Park adds an established industrial context for an owner-user or commercial property investor.

Key Highlights

• Approximately 4,200 sq. ft. industrial building
• 0.61‑acre lot in Beaver Township
• Constructed in 2008

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,957

Cap Rate

3.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,140 $419.1K

Cap Rate 7%

$299,386 $299.4K

Cap Rate 9%

$232,856 $232.9K

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$26.9K $6.41/SF

− Vacancy

−$2.3K −$0.54/SF

EGI

$24.7K $5.87/SF

− OpEx

−$3.7K −$0.88/SF

NOI

$21.0K $4.99/SF

Area

Mahoning County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$419,140

Cap Rate 7%

$299,386

Cap Rate 9%

$232,856

Alternative Uses

Best Use

Warehouse

$299.4K

$262.0K – $349.3K (±1% cap)

NOI $20,957 @ 7.0% cap · market cap 3.55%

Second Best

Industrial

$246.6K

$215.7K – $287.7K (±1% cap)

NOI $17,259 @ 7.0% cap · market cap 2.93%

Theoretical Best

Office A

$792.6K

$693.5K – $924.7K (±1% cap)

NOI $55,480 @ 7.0% cap · market cap 9.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Plumbing Service Dental Office Hair Salon Carpet & Flooring Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

110

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Functional flex property with overhead-door access, parking, and connections to multiple regional routes.

Where is this flex space located?

The property is located at 75 Eastgate Dr North Lima, OH.

What is the asking price?

The asking price for this property is $590,000.

What are key features of this property?

This property features: Approximately 4,200 sq. ft. industrial building; 0.61‑acre lot in Beaver Township; Constructed in 2008