Flex Building with Long-Term
1793 North Main Street Orrville, OH
1793 North Main Street, Orrville, OH, 00000
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For Sale
Contact for pricing
12-unit flex building with established tenant and service garage.
Property Size6,040 SF
Lot Size1.38 Acres
Price / SF$202.81
Days on Market336
Property Features for 1793 North Main Street
General Information
- Standard status
- Active
- Size
- 6,040 SF
- Lot size
- 1.38 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 1793 North Main Street Contact us
Listing Agency
Gerspacher Real Estate Group
(330) 634-5289
Listed by
Sam Tecca
(330) 634-5289
Source
Moodyscre
Added: Aug 15, 2025 Checked: Jul 15 at 10:38 pm
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-unit flex building, constructed in 2017, offers 12,080 square feet of space on a 1.38-acre lot. One suite, comprising 6,040 square feet, is configured as a service repair garage, featuring a front door reception area, a private office, a large training room, and restrooms. The remaining suite is leased to Lincare until April 30, 2029, generating an annual rent of $50,736.00, or $4,228.00 per month. Lincare is responsible for their own utilities. The property includes four 14-foot drive-in doors and 60 parking spaces. The parking lot was resurfaced in 2025. The property benefits from a 10-year 50% tax abatement, with 2 years remaining. Annual real estate taxes are $15,208.58.
Key Highlights
- Leased to Lincare until April 30, 2029, providing a stable income stream
- Significant rental income of $50,736.00 annually
- The right‑side suite offers a 6,040 SF service repair garage with office and training room
Local Financial Insights For Retail
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 | $90.6k | $15.00 |
| − Vacancy | −$3.8k | −$0.63 |
| EGI | $86.8k | $14.37 |
| − OpEx | −$26.0k | −$4.31 |
| NOI | $60.8k | $10.06 |
6,040 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$867.9K
$759.5K – $1.01M
NOI $60,756 @ 7.0% cap · market cap 4.96%
Second Best
Industrial
$354.6K
$310.3K – $413.7K
NOI $24,820 @ 7.0% cap · market cap 2.03%
Theoretical Best
Multifamily LT 5
$4.41M
$3.86M – $5.15M
NOI $309,015 @ 7.0% cap · market cap 25.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 12-unit flex building with established tenant and service garage.
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: Leased to Lincare until April 30, 2029, providing a stable income stream; Significant rental income of $50,736.00 annually; The right‑side suite offers a 6,040 SF service repair garage with office and training room
