Flex Space with Ample
1740 Baney Road, Ashland, OH 44805
For Sale
Contact for pricing
Planned interior completion offers a new commercial setting suited to office needs or a business launch.
Property Size3,600 SF
Price / SF$1.00
Days on Market75
Property Features for 1740 Baney Road
General Information
Standard status
Size
Listing Agency:
Coldwell Banker Ward Real Estate
(419) 281-2000
Listed By:
Mike Parker
(419) 908-3408
Source:
Exprealty
Added: Aug 25
Changed: Nov 6
Last Checked: Nov 6 at 2:45PM
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 Coldwell Banker Ward Real Estate
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Investment Insights
Based on property information with market context.
The 3,600-square-foot building is slated for interior completion, creating a new flex space. Plans for the finished layout are available upon request. The property can accommodate office use or another business purpose.
The site is directly across from the Ashland County Fairgrounds and positioned at the front of the Ashland County Dog Shelter property. Ample parking is available.
The site is directly across from the Ashland County Fairgrounds and positioned at the front of the Ashland County Dog Shelter property. Ample parking is available.
Key Highlights
- 3,600‑square‑foot building planned for interior completion
- Positioned across from the Ashland County Fairgrounds
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,793
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,860
$295.9K
Cap Rate 7%
$211,329
$211.3K
Cap Rate 9%
$164,367
$164.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$23.1K $6.41/SF
− Vacancy
−$1.9K −$0.54/SF
EGI
$21.1K $5.87/SF
− OpEx
−$6.3K −$1.76/SF
NOI
$14.8K $4.11/SF
Area
Ashland County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,860
Cap Rate 7%
$211,329
Cap Rate 9%
$164,367
Alternative Uses
Best Use
Flex RnD
$306.3K
$268.0K – $357.4K
NOI $21,442 @ 7.0% cap · market cap 595.61%
Second Best
Industrial
$211.3K
$184.9K – $246.6K
NOI $14,793 @ 7.0% cap · market cap 410.92%
Theoretical Best
Office A
$679.4K
$594.4K – $792.6K
NOI $47,555 @ 7.0% cap · market cap 1,320.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 44805, OH
31,238
Population
13,248
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
151.1 sq mi
ZIP Area
207
Density / Sq Mi
$62,058
Median Household Income
$35,122
Median Earnings
$835
Median Rent
$165,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Planned interior completion offers a new commercial setting suited to office needs or a business launch.
Where is this flex space located?
The property is located at 1740 Baney Road Ashland, OH.
What are key features of this property?
This property features: 3,600‑square‑foot building planned for interior completion; Positioned across from the Ashland County Fairgrounds; Ample parking available
