Flex Building with 14-Foot
19 Fort Monroe Pkwy, Monroeville, OH 44847
For Sale
$2,300,000
Flexible commercial space with office areas, loading doors, full utilities, and zoning supporting industrial and agricultural uses.
Property Size11,250 SF
Lot Size3.00 Acres
Price / SF$204.44
Days on Market50
Property Features for 19 Fort Monroe Pkwy
General Information
Standard status
Size
Lot size
Zoning
Warehouse & Industrial
Drive-In Doors
Three-Phase Power
Additional Details
Utilities to Site
Amenities
ADA-compliant reception area
two bathrooms
adaptable spaces perfect for offices or small conference rooms
kitchenette
Building Details
Year Built
Buildings
Listing Agency:
Russell Real Estate Services
Listed By:
Trista E Hyer · License #2015005494
(440) 452-9117
Source:
Theacclaimedrealty
Added: Sep 19
Changed: Oct 25
Last Checked: Oct 7 at 1:21PM
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
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Investment Insights
Based on property information with market context.
Built in 2024, this approximately 11,250-square-foot flex property at 19 Fort Monroe Parkway combines office and shop functionality. The office area includes an ADA-compliant reception space, adaptable office or conference rooms, a kitchenette, two bathrooms, central forced-air cooling, and radiant heat. The shop floor adds two bathrooms, a mechanical room, three 14-foot overhead doors with openers, and 3-phase electrical service. Electric, gas, water, and sewer serve the building, which also features a metal standing-seam roof and Energy Star design elements.
The property is zoned for Commercial, Industrial, and Agricultural use. The existing building is situated on approximately 3 acres, with an additional 5 vacant acres available for discussion. The building is also configured to accommodate installation of a 10 ton overhead crane, supporting a range of flex, light industrial, manufacturing, warehousing, contractor, automotive service, and agricultural operations.
The property is zoned for Commercial, Industrial, and Agricultural use. The existing building is situated on approximately 3 acres, with an additional 5 vacant acres available for discussion. The building is also configured to accommodate installation of a 10 ton overhead crane, supporting a range of flex, light industrial, manufacturing, warehousing, contractor, automotive service, and agricultural operations.
Key Highlights
- Approximately 11,250 square feet of flex space built in 2024
- Three 14‑foot overhead doors with openers
- 3‑phase electric service with electric, gas, water, and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,406
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,648,120
$2.6M
Cap Rate 7%
$1,891,514
$1.9M
Cap Rate 9%
$1,471,178
$1.5M
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$213.3K $18.96/SF
− Vacancy
−$9.6K −$0.85/SF
EGI
$203.7K $18.11/SF
− OpEx
−$71.3K −$6.34/SF
NOI
$132.4K $11.77/SF
Area
Huron County, OH
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,648,120
Cap Rate 7%
$1,891,514
Cap Rate 9%
$1,471,178
Alternative Uses
Best Use
Flex RnD
$1.89M
$1.66M – $2.21M
NOI $132,406 @ 7.0% cap · market cap 5.76%
Second Best
Warehouse
$801.9K
$701.7K – $935.6K
NOI $56,135 @ 7.0% cap · market cap 2.44%
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 authorities.
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Current Use
Lease Details
3
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44847, OH
3,488
Population
1,657
Households
2.1
Avg Household Size
43
Median Age
17%
College-Educated
96%
High-School Grad
68.3 sq mi
ZIP Area
51
Density / Sq Mi
$74,677
Median Household Income
$45,262
Median Earnings
$1,015
Median Rent
$167,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial space with office areas, loading doors, full utilities, and zoning supporting industrial and agricultural uses.
Where is this flex space located?
The property is located at 19 Fort Monroe Pkwy 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: Approximately 11,250 square feet of flex space built in 2024; Three 14‑foot overhead doors with openers; 3‑phase electric service with electric, gas, water, and sewer
