Building Details

Year Built 2017

Buildings 1

Building Size 12,080 SF

Listing Agency: Gerspacher Real Estate Group Show Phone

Listed By: Sam Tecca Show Phone

Source: Moodyscre

Added: Aug 15, 2025 Changed: Sep 13 Last Checked: Oct 15 at 1:43AM

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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 Gerspacher Real Estate Group

Investment Insights

Based on property information with market context.

This 12,080 SF flex property sits on 1.38 AC and is divided into two suites. The 6,040 SF right-side unit is configured for service and repair work, with a reception area at the front, one private office, a large training room, restrooms, and drive-in access. Four 14 FT drive-in doors serve the building in total.

The left-side suite is leased to Lincare through April 30, 2029, while the service-repair space provides substantial functional area for an owner-user or commercial operator. The property was built in 2017 and includes 60 parking spaces. Its parking lot was resurfaced in 2025.

Key Highlights

• 12,080 SF flex building on 1.38 AC
• 6,040 SF service‑repair garage with reception, private office, training room, and restrooms
• Four 14 FT drive‑in doors serve the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,276

Cap Rate

4.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,205,520 $1.2M

Cap Rate 7%

$861,086 $861.1K

Cap Rate 9%

$669,733 $669.7K

Market Conditions

NOI Build-Up for 12,080 SF

Gross rent

$77.4K $6.41/SF

− Vacancy

−$6.5K −$0.54/SF

EGI

$70.9K $5.87/SF

− OpEx

−$10.6K −$0.88/SF

NOI

$60.3K $4.99/SF

Area

Wayne County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,205,520

Cap Rate 7%

$861,086

Cap Rate 9%

$669,733

Alternative Uses

Best Use

Retail

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,513 @ 7.0% cap · market cap 9.92%

Second Best

Warehouse

$861.1K

$753.5K – $1.00M (±1% cap)

NOI $60,276 @ 7.0% cap · market cap 4.92%

Theoretical Best

Multifamily LT 5

$8.83M

$7.73M – $10.30M (±1% cap)

NOI $618,031 @ 7.0% cap · market cap 50.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Pet Grooming Service Storage Facility Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Drive-in doors

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

81

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44667, OH

13,723

Population

5,381

Households

2.6

Avg Household Size

39

Median Age

25%

College-Educated

88%

High-School Grad

44.7 sq mi

ZIP Area

307

Density / Sq Mi

$72,402

Median Household Income

$41,792

Median Earnings

$852

Median Rent

$196,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - The property combines a service-repair garage with an occupied leased suite.

Where is this flex space located?

The property is located at 1793 North Main Street Orrville, OH.

What is the asking price?

The asking price for this property is $1,225,000.

What are key features of this property?

This property features: 12,080 SF flex building on 1.38 AC; 6,040 SF service‑repair garage with reception, private office, training room, and restrooms; Four 14 FT drive‑in doors serve the building