Two-Story Industrial Flex
For Sale
Contact for pricing
168 Auble St, Wadsworth, OH 44281
New industrial building with drive-in access, side parking, and space on both the main and second floors.
Property Size2,520 SF
Price / SF$89.29
Days on Market427
Property Features for 168 Auble St
General Information
Standard status
Active
Size
2,520 SF
Property subtype
INDUSTRIAL
Additional Details
Business Included
No
Listing Agency:
Hoff & Leigh
(330) 760-4494
Listed By:
Ed Jesson · License #SAL.0000445027
(330) 760-4494
Source:
Moodyscre
Added: Jun 18, 2025
Changed: Aug 13
Last Checked: Aug 13 at 10:58AM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
This newly built two-story industrial flex building is available for sale. The property offers approximately 1,800 square feet on the main floor and approximately 720 square feet on the second floor, which can be built out.
The building includes one 12' x 12' drive-in door and parking along the side of the structure for convenient day-to-day use.
The property is zoned I-2, which supports a range of uses including automotive, warehousing, contractor space, and storage, among other uses. It is offered for sale near the center of Wadsworth.
The building includes one 12' x 12' drive-in door and parking along the side of the structure for convenient day-to-day use.
The property is zoned I-2, which supports a range of uses including automotive, warehousing, contractor space, and storage, among other uses. It is offered for sale near the center of Wadsworth.
Key Highlights
- Newly built two‑story industrial building near the center of Wadsworth
- Approx. 1,800 SF on the main floor plus approx. 720 SF on the second floor that can be built out
- Includes one 12' x 12' drive‑in door for industrial access
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
$11,406
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
5.07%
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%
$228,120
$228.1K
Cap Rate 7%
$162,943
$162.9K
Cap Rate 9%
$126,733
$126.7K
Market Conditions
NOI Build-Up for 2,520 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
$14.0K $5.57/SF
− Vacancy
−$618 −$0.25/SF
EGI
$13.4K $5.32/SF
− OpEx
−$2.0K −$0.80/SF
NOI
$11.4K $4.53/SF
Area
Medina County, OH
Vacancy
4.40%
Lease Rate
$5.57 /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%
$228,120
Cap Rate 7%
$162,943
Cap Rate 9%
$126,733
Alternative Uses
Best Use
Warehouse
$162.9K
$142.6K – $190.1K
NOI $11,406 @ 7.0% cap · market cap 5.07%
Second Best
Flex RnD
$148.0K
$129.5K – $172.6K
NOI $10,357 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$702.9K
$615.0K – $820.1K
NOI $49,203 @ 7.0% cap · market cap 21.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44281, OH
33,241
Population
14,298
Households
2.3
Avg Household Size
41
Median Age
42%
College-Educated
96%
High-School Grad
47.8 sq mi
ZIP Area
695
Density / Sq Mi
$88,128
Median Household Income
$46,653
Median Earnings
$1,031
Median Rent
$262,200
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?
Flex space - New industrial building with drive-in access, side parking, and space on both the main and second floors.
Where is this flex space located?
The property is located at 168 Auble St Wadsworth, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Newly built two‑story industrial building near the center of Wadsworth; Approx. 1,800 SF on the main floor plus approx. 720 SF on the second floor that can be built out; Includes one 12' x 12' drive‑in door for industrial access
