Prime Business Park
1680 Industrial Pkwy Brunswick, OH
For Sale
Contact for pricing
Office building with development potential in Brunswick Business Park.
Property Size6,000 SF
Lot Size3.99 Acres
Price / SF$244.17
Days on Market365
Property Features for 1680 Industrial Pkwy
General Information
Standard status
Active
Size
6,000 SF
Lot size
3.99 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Hoff & Leigh
(330) 338-5594
Listed By:
David Kaplan, SIOR · License #OH2008001197
(330) 338-5594
Source:
Moodyscre
Added: Jul 30, 2025
Changed: Jul 6
Last Checked: Jul 28 at 3:01AM
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 property presents an opportunity for investors, developers, and users seeking office, industrial, or specialty space within an exclusive business park. The location offers unmatched freeway visibility directly off I-71. The property includes a 6,000-square-foot office building, constructed in 2001, which is currently leased until May 1, 2028. The building features LED lighting. Situated on a 4.0-acre parcel, approximately 2.0 acres are currently occupied by the office building, leaving approximately 2.0 acres available for future development or expansion. The roof and mechanical systems are original and in good condition. Located within Brunswick Business Park South, permissible uses include medical suppliers, food manufacturers, technology, robotics, distribution, construction materials, corporate offices, and specialty manufacturers. The real estate taxes are $12,500 annually.
Key Highlights
- Unmatched freeway visibility directly off I‑71.
- Income‑producing property with 6,000 SF office building leased until May 1, 2028.
- Potential for future development/expansion on approximately 2.0 acres of the 4.0 acre parcel.
Financial Insights For Office B
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 | $128.9k | $21.48 |
| − Vacancy | −$30.8k | −$5.13 |
| EGI | $98.1k | $16.35 |
| − OpEx | −$24.5k | −$4.09 |
| NOI | $73.6k | $12.26 |
6,000 SF · lease $21.48/SF/yr · vacancy 23.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$919.5K – $1.23M
NOI $73,558 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $117,150 @ 7.0% cap · market cap 8.00%
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?
Office building - Office building with development potential in Brunswick Business Park.
Where is this office building located?
The property is located at 1680 Industrial Pkwy Brunswick, OH.
What is the asking price?
The asking price for this property is $1,465,000.
What are key features of this property?
This property features: Unmatched freeway visibility directly off I‑71.; Income‑producing property with **6,000 SF office building leased until May 1, 2028.**; Potential for future development/expansion on approximately 2.0 acres of the 4.0 acre parcel.
