Temperature-Controlled Distribution
For Sale
$2,350,000
2231 Venture Dr, Bowling Green, OH 43402
New pharmaceutical distribution facility with secured rooms, loading infrastructure, and temperature-controlled warehouse space.
Property Size10,000 SF
Lot Size4.27 Acres
Price / SF$235
Days on Market681
Property Features for 2231 Venture Dr
General Information
Standard status
Active
Size
10,000 SF
Lot size
4.27 Acres
Property subtype
Industrial
Additional Details
Conditioned Warehouse
Yes
Building Details
Building Size
10,000 SF
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Toledo
Listed By:
Robert Mack
(419) 466-6225
Source:
Cpix.resimplifi
Added: Dec 3, 2024
Changed: Oct 15
Last Checked: Oct 14 at 7:45PM
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 Signature Associates - Toledo
Investment Insights
Based on property information with market context.
This newly constructed pharmaceutical distribution facility contains 10,000 square feet across two parcels totaling 4.27 acres. The temperature-controlled warehouse includes heating and air conditioning, electric overhead doors, a portable dock plate, and dedicated shipping and receiving space. Card access secures designated rooms, while a backup generator provides 208V/3Phase/200A service.
Located at 2231 Venture Dr in Bowling Green, Ohio, the property includes structural steel along the east wall for a potential 10,000-square-foot addition. Furnishings and refrigeration units may also be available. The property is offered for sale, with the owner willing to consider a lease.
Located at 2231 Venture Dr in Bowling Green, Ohio, the property includes structural steel along the east wall for a potential 10,000-square-foot addition. Furnishings and refrigeration units may also be available. The property is offered for sale, with the owner willing to consider a lease.
Key Highlights
- 10,000‑square‑foot pharmaceutical distribution warehouse
- Two parcels totaling 4.27 acres
- Temperature‑controlled warehouse with 7 heating and air conditioning units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,892
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,840
$1.5M
Cap Rate 7%
$1,055,600
$1.1M
Cap Rate 9%
$821,022
$821.0K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$94.8K $9.48/SF
− Vacancy
−$7.9K −$0.79/SF
EGI
$86.9K $8.69/SF
− OpEx
−$13.0K −$1.30/SF
NOI
$73.9K $7.39/SF
Area
Wood County, OH
Vacancy
8.30%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,477,840
Cap Rate 7%
$1,055,600
Cap Rate 9%
$821,022
Alternative Uses
Best Use
Warehouse
$1.06M
$923.7K – $1.23M
NOI $73,892 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$882.6K
$772.3K – $1.03M
NOI $61,781 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,046 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 43402, OH
31,459
Population
14,784
Households
2.1
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
110.7 sq mi
ZIP Area
284
Density / Sq Mi
$56,245
Median Household Income
$26,393
Median Earnings
$875
Median Rent
$230,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Distribution center - New pharmaceutical distribution facility with secured rooms, loading infrastructure, and temperature-controlled warehouse space.
Where is this distribution center located?
The property is located at 2231 Venture Dr Bowling Green, OH.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 10,000‑square‑foot pharmaceutical distribution warehouse; Two parcels totaling 4.27 acres; Temperature‑controlled warehouse with 7 heating and air conditioning units
