Versatile Industrial Property with
1341 Freese Works Pl Galion, OH
For Sale
Contact for pricing
Industrial property featuring warehouse, freezer, and office spaces for sale.
Property Size7,900 SF
Lot Size3.17 Acres
Price / SF$164.56
Days on Market416
Property Features for 1341 Freese Works Pl
General Information
Standard status
Active
Size
7,900 SF
Lot size
3.17 Acres
Property subtype
INDUSTRIAL
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 383-8413
Listed By:
Michael Costantini · License #2018001126
(513) 383-8413
Source:
Moodyscre
Added: Jun 9, 2025
Changed: Jul 6
Last Checked: Jul 22 at 3:36AM
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 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
This industrial property offers a total of 7,900 square feet, including a 2,940-square-foot warehouse, a 2,595-square-foot freezer, and a 2,365-square-foot office space. The property is zoned IP (Industrial Park). It features three drive-in doors, each measuring 12' x 12', and two dock doors, each measuring 8' x 7'. The property is equipped with 3-phase 240v power. There are 24 parking stalls available, equipped with power stations that could be converted to electric charging ports. Additionally, the property includes a propane storage tank.
Key Highlights
- Substantial Freezer Space: Boasting 2,595 SqFt, ideal for cold storage needs.
- Ample Warehouse Space: Benefit from 2,940 SqFt of warehouse capacity.
- Convenient Loading: Equipped with 3 drive‑in doors and 2 dock doors.
Financial Insights For Office B
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 | $126.1k | $15.96 |
| − Vacancy | −$25.2k | −$3.19 |
| EGI | $100.9k | $12.77 |
| − OpEx | −$25.2k | −$3.19 |
| NOI | $75.7k | $9.58 |
7,900 SF · lease $15.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.08M
$945.6K – $1.26M
NOI $75,650 @ 7.0% cap · market cap 5.82%
Second Best
Warehouse
$563.1K
$492.7K – $657.0K
NOI $39,419 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,406 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property featuring warehouse, freezer, and office spaces for sale.
Where is this warehouse located?
The property is located at 1341 Freese Works Pl Galion, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Substantial Freezer Space: Boasting 2,595 SqFt, ideal for cold storage needs.; Ample Warehouse Space: Benefit from 2,940 SqFt of warehouse capacity.; Convenient Loading: Equipped with 3 drive‑in doors and 2 dock doors.
