Salem Industrial Park Flex
1455 Quaker Cir Salem, OH
For Sale
Contact for pricing
Flex space with office and garage in Salem Industrial Park.
Property Size3,000 SF
Lot Size2.89 Acres
Price / SF$121.67
Days on Market472
Property Features for 1455 Quaker Cir
General Information
Standard status
Active
Size
3,000 SF
Lot size
2.89 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Platz Realty Group
(330) 518-6082
Listed By:
Theresa Morse · License #SAL.2022004714
(330) 518-6082
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:10AM
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 Platz Realty Group
Investment Insights
Based on property information with market context.
Located in the Salem Industrial Park, this property features 2,000 square feet of office space and a 1,000-square-foot heated garage, totaling 3,000 square feet. The garage includes a 12-foot ceiling and a 10-foot roll-up door. The property is situated on a 1.97-acre lot.
Key Highlights
- 1.97 acre lot
- 3,000 SF (2,000 SF office + 1,000 SF garage)
- 12' ceiling in heated garage
Financial Insights For Retail
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 | $39.6k | $13.20 |
| − Vacancy | −$4.8k | −$1.58 |
| EGI | $34.8k | $11.62 |
| − OpEx | −$10.5k | −$3.48 |
| NOI | $24.4k | $8.13 |
3,000 SF · lease $13.20/SF/yr · vacancy 12.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.01M
$1.76M – $2.34M
NOI $140,616 @ 7.0% cap · market cap 38.52%
Second Best
Retail
$348.5K
$304.9K – $406.6K
NOI $24,394 @ 7.0% cap · market cap 6.68%
Theoretical Best
Warehouse
$2.53M
$2.22M – $2.96M
NOI $177,388 @ 7.0% cap · market cap 48.60%
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?
Flex space - Flex space with office and garage in Salem Industrial Park.
Where is this flex space located?
The property is located at 1455 Quaker Cir Salem, OH.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1.97 acre lot; 3,000 SF (2,000 SF office + 1,000 SF garage); 12' ceiling in heated garage
