Self Storage Facility with
For Sale
Contact for pricing
Pending
16410 BAYARD RD, Minerva, OH 44657
For-sale self storage property totaling 4,500 SF, offered with accompanying land at 16410 Bayard Rd.
Property Size4,500 SF
Lot Size2.82 Acres
Days on Market149
Property Features for 16410 BAYARD RD
General Information
Standard status
Pending
Size
4,500 SF
Lot size
2.82 Acres
Property subtype
Self Storage
Net Operating Income
$28,833
Building Details
Year Built
2002
Buildings
1
Stories
1
Units
1
Listing Agency:
Kiko
Listed By:
Richard T. Kiko Jr · License #OH
(330) 453-9187
Source:
Crexi
Added: Apr 9
Changed: Aug 21
Last Checked: Sep 1 at 9:18AM
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 Kiko
Investment Insights
Based on property information with market context.
Located at 16410 Bayard Rd in Minerva, OH, this for-sale self storage property is comprised of land and a storage facility totaling 4,500 SF.
The offering is structured for buyers seeking a self storage asset with both the building and the land included in the transaction. Public remarks reflect a property size of 4,500 SF and identify the asset as land and self storage.
The offering is structured for buyers seeking a self storage asset with both the building and the land included in the transaction. Public remarks reflect a property size of 4,500 SF and identify the asset as land and self storage.
Key Highlights
- Self‑storage property for sale with 4,500 SF total area
- Includes accompanying land at 16410 Bayard Rd
- Built in 2002
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
$18,461
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
4.20%
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%
$369,220
$369.2K
Cap Rate 7%
$263,729
$263.7K
Cap Rate 9%
$205,122
$205.1K
Market Conditions
NOI Build-Up for 4,500 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
$22.1K $4.91/SF
− Vacancy
−$376 −$0.08/SF
EGI
$21.7K $4.83/SF
− OpEx
−$3.3K −$0.72/SF
NOI
$18.5K $4.10/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /SF/Yr
Expense Ratio
15.00%
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%
$369,220
Cap Rate 7%
$263,729
Cap Rate 9%
$205,122
Alternative Uses
Best Use
Self Storage
$639.9K
$559.9K – $746.6K
NOI $44,793 @ 7.0% cap · market cap 10.18%
Second Best
Warehouse
$263.7K
$230.8K – $307.7K
NOI $18,461 @ 7.0% cap · market cap 4.20%
Theoretical Best
Retail
$1.17M
$1.03M – $1.37M
NOI $82,243 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 44657, OH
9,916
Population
4,540
Households
2.2
Avg Household Size
44
Median Age
10%
College-Educated
90%
High-School Grad
63.2 sq mi
ZIP Area
157
Density / Sq Mi
$60,490
Median Household Income
$41,190
Median Earnings
$795
Median Rent
$157,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - For-sale self storage property totaling 4,500 SF, offered with accompanying land at 16410 Bayard Rd.
Where is this self storage facility located?
The property is located at 16410 BAYARD RD Minerva, OH.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Self‑storage property for sale with 4,500 SF total area; Includes accompanying land at 16410 Bayard Rd; Built in 2002
