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Building Details

Buildings 1

Building Size 13,000 SF

Listing Agency: Industrial Property Brokers

Listed By: Timothy Echemann Show Phone

Source: Moodyscre

Added: Dec 17, 2024 Changed: Oct 4 Last Checked: Oct 14 at 10:49PM

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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 Industrial Property Brokers

Investment Insights

Based on property information with market context.

This flex property at 6886 Wishart St. combines a 7,000-square-foot warehouse with 6,000 square feet of office space for 13,000 square feet of total improvements. The facility includes heavy power, a drive-in door, LED lighting, and furnace heating. Its 4.17 acres of hard-surface land provide room for outside storage.

The property is located in Huntsville, Ohio, with access to S.R. 33 and the freeway approximately one minute away. Zoning allows light manufacturing, supporting a range of industrial and commercial operations. The combination of warehouse, office, power, access, and usable land creates a practical flex-space configuration for an owner-user or investor.

Key Highlights

• 13,000 total SF comprising 7,000 SF of warehouse space and 6,000 SF of office space
• 4.17 hard surface acres with outside storage area
• Heavy power capabilities for industrial operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,420

Cap Rate

8.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,068,400 $1.1M

Cap Rate 7%

$763,143 $763.1K

Cap Rate 9%

$593,556 $593.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,000 SF

Gross rent

$83.3K $6.41/SF

− Vacancy

−$7.0K −$0.54/SF

EGI

$76.3K $5.87/SF

− OpEx

−$22.9K −$1.76/SF

NOI

$53.4K $4.11/SF

Area

Logan 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%

$1,068,400

Cap Rate 7%

$763,143

Cap Rate 9%

$593,556

Alternative Uses

Best Use

Office B

$2.28M

$2.00M – $2.66M (±1% cap)

NOI $159,747 @ 7.0% cap · market cap 26.67%

Second Best

Warehouse

$926.7K

$810.8K – $1.08M (±1% cap)

NOI $64,867 @ 7.0% cap · market cap 10.83%

Theoretical Best

Office A

$2.62M

$2.30M – $3.06M (±1% cap)

NOI $183,693 @ 7.0% cap · market cap 30.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

U-Haul Neighborhood Dealer Car Rental Facility Wishart Storage Storage Facility

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop Storage Facility Restaurant

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

1

Drive-in doors

Yes

Heavy power

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43324, OH

2,753

Population

1,697

Households

1.6

Avg Household Size

49

Median Age

25%

College-Educated

93%

High-School Grad

28.6 sq mi

ZIP Area

96

Density / Sq Mi

$76,875

Median Household Income

$44,350

Median Earnings

$1,021

Median Rent

$230,900

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Versatile commercial facility combining warehouse, office, outside storage, and light manufacturing capability.

Where is this flex space located?

The property is located at 6886 Wishart St Huntsville, OH.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 13,000 total SF comprising 7,000 SF of warehouse space and 6,000 SF of office space; 4.17 hard surface acres with outside storage area; Heavy power capabilities for industrial operations