Building Details

Buildings 2

Listing Agency: Howard Hanna Real Estate Show Phone

Listed By: William Cash Show Phone

Source: Moodyscre

Added: Oct 1 Last Checked: Oct 5 at 8:24PM

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Investment Insights

Based on property information with market context.

This flex property includes a 56x80 shop and a 16x40 garage, with a combined building area of 5,120 square feet. The shop has an office, full bathroom, loft storage, a vehicle service pit, three new garage door openers, one 16-foot door, and three 14-foot doors. Equipment includes an AC recycling machine and a directional cooler. The garage is equipped with a Rol-Air compressor with a new motor and compressor.

The property spans more than 2 acres near downtown Sugarcreek, just beyond the corporation limits. A sizable parking area provides open space and is wired for block heaters. Frontier fiber optic service is installed with a $3,000 booster.

Key Highlights

• More than 2 acres near downtown Sugarcreek, just outside corporation limits
• 56x80 shop with office, full bathroom, loft storage, and a service pit
• 16x40 oversized garage with two bays

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,985

Cap Rate

6.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,700 $759.7K

Cap Rate 7%

$542,643 $542.6K

Cap Rate 9%

$422,056 $422.1K

Market Conditions

NOI Build-Up for 5,120 SF

Gross rent

$56.5K $11.04/SF

− Vacancy

−$2.3K −$0.44/SF

EGI

$54.3K $10.60/SF

− OpEx

−$16.3K −$3.18/SF

NOI

$38.0K $7.42/SF

Area

Tuscarawas County, OH

Vacancy

4.00%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,700

Cap Rate 7%

$542,643

Cap Rate 9%

$422,056

Alternative Uses

Best Use

Retail

$542.6K

$474.8K – $633.1K (±1% cap)

NOI $37,985 @ 7.0% cap · market cap 6.34%

Second Best

Flex RnD

$445.1K

$389.5K – $519.3K (±1% cap)

NOI $31,158 @ 7.0% cap · market cap 5.20%

Theoretical Best

Office A

$954.1K

$834.9K – $1.11M (±1% cap)

NOI $66,788 @ 7.0% cap · market cap 11.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

ADM Alliance Nutrition Physician

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Auto Parts Store Storage Facility Furniture & Home Goods Pharmacy

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

4

Drive-in doors

3

Service bays

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44681, OH

8,053

Population

2,987

Households

2.7

Avg Household Size

32

Median Age

12%

College-Educated

53%

High-School Grad

56.4 sq mi

ZIP Area

143

Density / Sq Mi

$83,250

Median Household Income

$40,926

Median Earnings

$817

Median Rent

$304,700

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

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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?

Frequently Asked Questions

What type of property is this?

Flex space - The property combines a shop with office and bathroom space, loft storage, and a separate two-bay garage.

Where is this flex space located?

The property is located at 554 Pleasant Valley Rd NW Sugarcreek, 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: More than 2 acres near downtown Sugarcreek, just outside corporation limits; 56x80 shop with office, full bathroom, loft storage, and a service pit; 16x40 oversized garage with two bays