Building Details

Year Built 1959

Building Size 9,600 SF

Listing Agency: Keller Williams Elevate

Listed By: Heather L Dimitrov · License #2007004838 Show Phone

Source: Asacoxhomes

Added: Sep 9 Changed: Oct 21 Last Checked: Oct 24 at 1:27PM

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Investment Insights

Based on property information with market context.

This mixed-use commercial property includes an 80' x 120' main building with five 14-foot bays, office space, a bathroom, showroom area, and dedicated work areas. The 1959 building has central heat, a high-pressure water system, 220V three-phase power availability, and plumbing in place for air conditioning. The property is described as having no zoning, supporting a range of commercial and industrial configurations.

The site offers more than 2,000 feet of frontage along Route 30. Outside the main building, the property includes a soybean field and a separate 5.484-acre field, adding substantial open land to the improved commercial area. Existing features support warehouse, showroom, manufacturing, office, and service-oriented operations, subject to applicable requirements.

Key Highlights

• More than 2,000 feet of frontage along Route 30
• 80' x 120' main building with five 14‑foot bays
• 220V three‑phase power availability

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$96,566

Cap Rate

3.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,931,320 $1.9M

Cap Rate 7%

$1,379,514 $1.4M

Cap Rate 9%

$1,072,956 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,600 SF

Gross rent

$144.0K $15.00/SF

− Vacancy

−$6.0K −$0.63/SF

EGI

$138.0K $14.37/SF

− OpEx

−$41.4K −$4.31/SF

NOI

$96.6K $10.06/SF

Area

Wayne County, OH

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,931,320

Cap Rate 7%

$1,379,514

Cap Rate 9%

$1,072,956

Alternative Uses

Best Use

Retail

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,566 @ 7.0% cap · market cap 3.33%

Second Best

Warehouse

$684.3K

$598.8K – $798.4K (±1% cap)

NOI $47,901 @ 7.0% cap · market cap 1.65%

Theoretical Best

Multifamily LT 5

$7.02M

$6.14M – $8.19M (±1% cap)

NOI $491,150 @ 7.0% cap · market cap 16.94%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Building Supply Furniture & Home Goods Hair Salon Restaurant (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

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

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Explore this area Business Placement

Demographics for 44618, OH

7,159

Population

2,751

Households

2.6

Avg Household Size

39

Median Age

26%

College-Educated

82%

High-School Grad

42.1 sq mi

ZIP Area

170

Density / Sq Mi

$69,282

Median Household Income

$37,733

Median Earnings

$842

Median Rent

$221,200

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Versatile improvements include office, showroom, service areas, and warehouse-style bays.

Where is this mixed-use property located?

The property is located at 14479 Lincoln Way E Dalton, OH.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: More than 2,000 feet of frontage along Route 30; 80' x 120' main building with five 14‑foot bays; 220V three‑phase power availability