Standalone Flex Space with Outside
For Sale
Contact for pricing
13630 Airport Highway, Swanton, OH 43558
Office and shop improvements support flexible commercial operations with dedicated outdoor storage.
Property Size4,847 SF
Price / SF$67.05
Days on Market8
Property Features for 13630 Airport Highway
General Information
Standard status
Active
Size
4,847 SF
Class
C
Property subtype
Industrial
Zoning
Central Business District, and lying within the Airport Highway Corridor
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Building Details
Year Built
1947
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Reichle | Klein Group
(419) 861-1100
Listed By:
Gary Micsko · License #OH 2002009695
Source:
Crexi
Added: Aug 5
Changed: Aug 12
Last Checked: Aug 12 at 4:49AM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This standalone flex space combines office and shop areas with outdoor storage, providing a practical mix of enclosed workspace and exterior storage capacity. The property contains 4,847 square feet and was built in 1947.
Located at 13630 Airport Highway in Swanton, Ohio, the property lies within the Airport Highway Corridor and is zoned Central Business District. Its highway-oriented setting supports visibility for commercial operations requiring both office functions and shop or storage space.
Located at 13630 Airport Highway in Swanton, Ohio, the property lies within the Airport Highway Corridor and is zoned Central Business District. Its highway-oriented setting supports visibility for commercial operations requiring both office functions and shop or storage space.
Key Highlights
- 4,847‑square‑foot standalone flex space
- Office, shop, and outside storage components
- Zoned Central Business District
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,060
$588.1K
Cap Rate 7%
$420,043
$420.0K
Cap Rate 9%
$326,700
$326.7K
Market Conditions
NOI Build-Up for 4,847 SF
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.
Gross rent
$43.6K $9.00/SF
− Vacancy
−$1.6K −$0.33/SF
EGI
$42.0K $8.67/SF
− OpEx
−$12.6K −$2.60/SF
NOI
$29.4K $6.07/SF
Area
Fulton County, OH
Vacancy
3.71%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,060
Cap Rate 7%
$420,043
Cap Rate 9%
$326,700
Alternative Uses
Best Use
Office B
$630.2K
$551.4K – $735.2K
NOI $44,114 @ 7.0% cap · market cap 13.57%
Second Best
Warehouse
$510.1K
$446.3K – $595.1K
NOI $35,704 @ 7.0% cap · market cap 10.99%
Theoretical Best
Office A
$806.7K
$705.8K – $941.1K
NOI $56,466 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43558, OH
13,088
Population
5,703
Households
2.3
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
83.3 sq mi
ZIP Area
157
Density / Sq Mi
$74,612
Median Household Income
$40,661
Median Earnings
$925
Median Rent
$185,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and shop improvements support flexible commercial operations with dedicated outdoor storage.
Where is this flex space located?
The property is located at 13630 Airport Highway Swanton, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 4,847‑square‑foot standalone flex space; Office, shop, and outside storage components; Zoned Central Business District
