Two-Story Industrial Flex
For Sale
$225,000
168 Auble Street, Wadsworth, OH 44281
Newly built industrial space with a drive-in door and I-2 zoning for versatile warehousing and contractor uses.
Property Size2,520 SF
Price / SF$89.29
Days on Market428
Property Features for 168 Auble Street
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Industrial
Zoning
I-2 Heavy Industrial District
Additional Details
Drive-In Doors
1
Building Details
Building Size
2,520 SF
Stories
2
Listing Agency:
Hoff & Leigh
(330) 760-4494
Listed By:
Ed Jesson · License #SAL.0000445027
(330) 760-4494
Source:
Hoffleigh
Added: Jun 17, 2025
Changed: Aug 9
Last Checked: Aug 17 at 3:37AM
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 and offers functional space across two levels. The main floor is designed to support light industrial or storage needs, and the second floor can be built out to fit an operator’s requirements. The building includes one 12’ x 12’ drive-in door for practical loading and access, along with parking along the side of the building.
The property is located near the center of Wadsworth, providing a convenient setting for users seeking an established area rather than an out-of-the-way parcel. Its I-2 zoning supports a range of industrial-oriented uses, including automotive, warehousing, contractor space, and storage.
With its combination of a drive-in door, two-story layout, and zoning flexibility, this building can serve as a workable option for businesses needing both operational space and additional upper-level area for customized build-out. The design supports tenants and owners who want an industrial facility that can be tailored to their day-to-day needs.
The property is located near the center of Wadsworth, providing a convenient setting for users seeking an established area rather than an out-of-the-way parcel. Its I-2 zoning supports a range of industrial-oriented uses, including automotive, warehousing, contractor space, and storage.
With its combination of a drive-in door, two-story layout, and zoning flexibility, this building can serve as a workable option for businesses needing both operational space and additional upper-level area for customized build-out. The design supports tenants and owners who want an industrial facility that can be tailored to their day-to-day needs.
Key Highlights
- Newly built two‑story industrial building with approx. 1,800 SF on the main floor and approx. 720 SF on the second floor (build‑out ready).
- Includes one 12’ x 12’ drive‑in door for convenient loading and access.
- I‑2 zoning allows for a wide range of uses, including automotive, warehousing, contractor space, and storage.
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
Property Profile
Current Use
Lease Details
1
Drive-in doors
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Newly built industrial space with a drive-in door and I-2 zoning for versatile warehousing and contractor uses.
Where is this flex space located?
The property is located at 168 Auble Street 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 with approx. 1,800 SF on the main floor and approx. 720 SF on the second floor (build‑out ready).; Includes one 12’ x 12’ drive‑in door for convenient loading and access.; I‑2 zoning allows for a wide range of uses, including automotive, warehousing, contractor space, and storage.
