Flex Space with Oversized Overhead
For Sale
$224,900
Pending
14359 State Route 235, Lakeview, OH 43331
Commercial Sale, Lakeview, OH
Property Size2,400 SF
Lot Size0.60 Acres
Days on Market95
Property Features for 14359 State Route 235
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Lot features
Residential Lot
Directions
From State Route 33, turn right onto SR 235 and follow to the north end of the lake. Property is on the left side of the road.
Subdivision
902 Indian Lake
Standard status
Pending
APN
430050000006008
Size
2,400 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Propane
Heating system
Propane (Heating), Forced Air
Water front features
Lake
Water front
1
Building Details
Year built
2024
Building materials
Metal Siding
Architectural style
Other
Listing Agency:
Choice Properties Real Estate
Listed By:
Joan Hinterschied
(937) 842-2244
Added: Jul 25
Changed: Oct 16
Last Checked: Oct 27 at 11:06AM
MLS# 1047290
Copyright © 2026 Western Regional Information System & Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2024-built flex property includes a 40' x 60' metal-sided pole barn totaling 2,400 square feet on 0.60 acres. The building has concrete floors, forced-air heating, propane service, and electric service in place. A 14' overhead door accommodates RVs, boats, campers, and large equipment, while a second standard overhead garage door provides additional vehicle access. A separate man door supports everyday entry.
The property is located at 14359 State Route 235 in Lakeview, on the north side of Indian Lake. Its waterfront setting and existing utility improvements provide a defined physical framework for storage, workshop, and hobby-related use. The site is within Logan County and carries a 43331 postal designation.
The property is located at 14359 State Route 235 in Lakeview, on the north side of Indian Lake. Its waterfront setting and existing utility improvements provide a defined physical framework for storage, workshop, and hobby-related use. The site is within Logan County and carries a 43331 postal designation.
Key Highlights
- 2,400‑square‑foot flex building on 0.60 acres
- 40' x 60' 2024‑built pole barn with metal siding
- 14' overhead door for RVs, boats, campers, and large equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,975
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,500
$239.5K
Cap Rate 7%
$171,071
$171.1K
Cap Rate 9%
$133,056
$133.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$15.4K $6.41/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$14.1K $5.87/SF
− OpEx
−$2.1K −$0.88/SF
NOI
$12.0K $4.99/SF
Area
Logan County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,500
Cap Rate 7%
$171,071
Cap Rate 9%
$133,056
Alternative Uses
Best Use
Warehouse
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 5.32%
Second Best
Industrial
$140.9K
$123.3K – $164.4K
NOI $9,862 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$484.5K
$423.9K – $565.2K
NOI $33,913 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43331, OH
4,428
Population
3,578
Households
1.2
Avg Household Size
53
Median Age
16%
College-Educated
94%
High-School Grad
30.8 sq mi
ZIP Area
144
Density / Sq Mi
$60,159
Median Household Income
$44,057
Median Earnings
$886
Median Rent
$130,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - 2024-built pole barn with concrete floors, heating, electric service, and access for large vehicles or equipment.
Where is this flex space located?
The property is located at 14359 State Route 235 Lakeview, OH.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,400‑square‑foot flex building on 0.60 acres; 40' x 60' 2024‑built pole barn with metal siding; 14' overhead door for RVs, boats, campers, and large equipment
