Industrial Workshop with Yard
14617 Kettlersville Road Wapakoneta Wapakoneta, OH 45895
New
Steel-sided shop includes four overhead doors, embedded I-beam, and floor drains tied to a 2,000-gallon separator.
Property size:
5,000 SFPrice / SF:
$125/SF- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 3:29 am
Property Features for 14617 Kettlersville Road Wapakoneta
General Information
- Standard status
- Active
- Size
- 5,000 SF
Building Details
- Year Built
- 1989
Listing office (614) 660-5959
Listing date Jul 10, 2026
Source Movenowohio
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 Joe Herban
Investment Insights
Based on property information with market context.
This industrial workshop is built with a 50' x 100' steel frame and steel-sided exterior, providing an open floor plan with concrete flooring and steel-lined, insulated interior walls. The shop includes four 14' x 16' overhead doors and one 20' x 16' overhead door with openers, along with three walk-in doors. A 50' double 16' I-beam is embedded in the floor, and floor drains at each overhead door connect to a 2,000-gallon water/oil separator tank with an alarm system. Electrical service includes two separate 200-amp breaker panels providing 400-amp service, nine welder plugs, fifteen 120-volt outlets, and ten T-8 48' hanging lights. Hot and cold water lines are run to both ends of the shop, and the property includes a 10' x 5' restroom/utility room.
The building is supported by an attached 21' x 25' office with a full restroom with shower, central heat and air conditioning, two walk-through doors, and a 21' x 25' upper-level mezzanine with additional office space. Exterior improvements include a 200' x 70' gravel storage yard, approximately 6' chain-link fencing along the south side, and multiple gates (two double swing gates and a walk-through gate). Driveway and parking areas are gravel topped with asphalt, and a 50-amp RV hookup is located outside the office.
Constructed in 2011 and situated on approximately 1.20± acres, the site also includes a 20' x 50' doublewide home with two bedrooms and one full bathroom, along with a separate 1,500-gallon septic system.
The building is supported by an attached 21' x 25' office with a full restroom with shower, central heat and air conditioning, two walk-through doors, and a 21' x 25' upper-level mezzanine with additional office space. Exterior improvements include a 200' x 70' gravel storage yard, approximately 6' chain-link fencing along the south side, and multiple gates (two double swing gates and a walk-through gate). Driveway and parking areas are gravel topped with asphalt, and a 50-amp RV hookup is located outside the office.
Constructed in 2011 and situated on approximately 1.20± acres, the site also includes a 20' x 50' doublewide home with two bedrooms and one full bathroom, along with a separate 1,500-gallon septic system.
Key Highlights
- Approximately 1.20± acres with a 50' x 100' steel‑frame, steel‑sided shop built in 2011 by Beem Construction Inc.
- Shop features an open floor plan with concrete floors and a 50' double 16' I‑beam embedded in the floor.
- Includes four 14' x 16' overhead doors plus a 20' x 16' overhead door with openers; floor drains at each overhead door.
Local Financial Insights For Flex RnD
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 | $72.0k | $14.40 |
| − Vacancy | −$5.8k | −$1.15 |
| EGI | $66.2k | $13.25 |
| − OpEx | −$23.2k | −$4.64 |
| NOI | $43.1k | $8.61 |
5,000 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$615.1K
$538.2K – $717.6K
NOI $43,056 @ 7.0% cap · market cap 6.89%
Second Best
Warehouse
$356.4K
$311.9K – $415.8K
NOI $24,949 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.01M
$881.2K – $1.17M
NOI $70,499 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Steel-sided shop includes four overhead doors, embedded I-beam, and floor drains tied to a 2,000-gallon separator.
Where is this flex space located?
The property is located at 14617 Kettlersville Road Wapakoneta Wapakoneta, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 1.20± acres with a 50' x 100' steel‑frame, steel‑sided shop built in 2011 by Beem Construction Inc.; Shop features an open floor plan with concrete floors and a 50' double 16' I‑beam embedded in the floor.; Includes four 14' x 16' overhead doors plus a 20' x 16' overhead door with openers; floor drains at each overhead door.
