New Flex Office/Light Industrial
19 Fort Monroe Parkway, Monroeville, OH 44847
New flex building with multiple overhead doors, office amenities, and strong utilities for light industrial use.
Type:Industrial
Property size:
11,250 SFLot size:
3.00 AcresPrice / SF:
$204/SF- Added:
- Jun 25, 2025
- Days on Market:
- 368
- Last Refresh:
- Jun 27 at 2:54 am
Property Features for 19 Fort Monroe Parkway
General Information
- Standard status
- Active
- Size
- 11,250 SF
- Lot size
- 3.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2024
Listing office Russell Real Estate Services
Listing date Jun 25, 2025
Source Asacoxhomes
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 Russell Real Estate Services
HighLights
- Newly built 2024 commercial flex building with approx. 11,250 SF versatile for office or light industrial use
- 3 acres includes the existing building plus 3 overhead doors (14‑ft high) with openers for loading and access
- ADA‑compliant reception, 2 bathrooms plus 2 additional shop‑floor bathrooms, and kitchenette for office/workspace functionality
- Energy Star efficiency with dual mini‑split and radiant heat, plus forced‑air central air in office areas
- Utilities in place: electric, gas, water, and sewer, with robust 3‑phase electric service and a mechanical room
- Zoned commercial, industrial, and agricultural; building supports installation of a 10‑ton overhead crane, with up to 5 additional vacant acres available
Overview
Newly built flex-style commercial facility offers approximately 11,250 square feet designed for office and light industrial applications. The building includes an ADA-compliant reception area, two bathrooms, a kitchenette, and adaptable rooms that can serve as offices or small conference areas. The shop floor is supported by two additional bathrooms and a mechanical room. Climate control includes a dual mini-split system and radiant heat extending to dedicated parking areas, with forced-air central air in the office areas, built for Energy Star efficiency. Loading access is provided by three 14-foot high overhead doors with openers, and the property features robust 3-phase electric service and a durable metal standing seam roof with a 30-foot eve on the low side.
Located at 19 Fort Monroe Parkway in Monroeville, Ohio, the property sits on approximately 3 acres with the existing building, with zoning for Commercial, Industrial, and Agricultural use. The site is described as accommodating a lot split, and an additional 5 vacant acres for future expansion or multi-tenant opportunities can be discussed.
The layout and infrastructure support a wide range of operations, including light industrial and manufacturing, warehousing and distribution, and contractor or automotive service use. The building is also suited for installation of a 10-ton overhead crane, giving it added flexibility for equipment-intensive tenants.
Located at 19 Fort Monroe Parkway in Monroeville, Ohio, the property sits on approximately 3 acres with the existing building, with zoning for Commercial, Industrial, and Agricultural use. The site is described as accommodating a lot split, and an additional 5 vacant acres for future expansion or multi-tenant opportunities can be discussed.
The layout and infrastructure support a wide range of operations, including light industrial and manufacturing, warehousing and distribution, and contractor or automotive service use. The building is also suited for installation of a 10-ton overhead crane, giving it added flexibility for equipment-intensive tenants.
Local 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 | $241.7k | $21.48 |
| − Vacancy | −$57.8k | −$5.13 |
| EGI | $183.9k | $16.35 |
| − OpEx | −$46.0k | −$4.09 |
| NOI | $137.9k | $12.26 |
11,250 SF · lease $21.48/SF/yr · vacancy 23.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,922 @ 7.0% cap · market cap 6.00%
Second Best
Flex RnD
$1.89M
$1.66M – $2.21M
NOI $132,406 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $163,677 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Monroeville
- County
- Huron
- State
- Ohio
- Longitude
- -82.714336
- Latitude
- 41.250054
FAQs
What type of property is this?
Flex space - New flex building with multiple overhead doors, office amenities, and strong utilities for light industrial use.
Where is this flex space located?
The property is located at 19 Fort Monroe Parkway Monroeville, OH.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Newly built 2024 commercial flex building with approx. 11,250 SF versatile for office or light industrial use; 3 acres includes the existing building plus 3 overhead doors (14‑ft high) with openers for loading and access; ADA‑compliant reception, 2 bathrooms plus 2 additional shop‑floor bathrooms, and kitchenette for office/workspace functionality
