Fremont Warehouse with Office
For Sale
Contact for pricing
2100 Cedar St, Fremont, OH
66,386 SF warehouse with office space for sale.
Property Size66,386 SF
Lot Size9.02 Acres
Price / SF$80
Days on Market329
Property Features for 2100 Cedar St
General Information
Standard status
Active
Size
66,386 SF
Lot size
9.02 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Newmark | Cleveland
(216) 453-3001
Listed By:
Terry Coyne, SIOR, CCIM
Source:
Moodyscre
Added: Oct 8, 2025
Changed: Jul 6
Last Checked: Aug 30 at 8:37PM
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 Newmark | Cleveland
Investment Insights
Based on property information with market context.
The property features a warehouse with approximately 58,434 square feet on the first floor and an office space of approximately 7,952 square feet on the second floor, totaling approximately 66,386 square feet. It is located in Fremont, OH.
Key Highlights
- Large warehouse space: +/-58,434 SF on the 1st floor.
- Includes office space: +/-7,952 SF on the 2nd floor.
- Total building size: +/-66,386 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$331,249
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,624,980
$6.6M
Cap Rate 7%
$4,732,129
$4.7M
Cap Rate 9%
$3,680,544
$3.7M
Market Conditions
NOI Build-Up for 66,386 SF
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.
Gross rent
$425.5K $6.41/SF
− Vacancy
−$35.8K −$0.54/SF
EGI
$389.7K $5.87/SF
− OpEx
−$58.5K −$0.88/SF
NOI
$331.2K $4.99/SF
Area
Sandusky 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,624,980
Cap Rate 7%
$4,732,129
Cap Rate 9%
$3,680,544
Alternative Uses
Best Use
Office B
$9.08M
$7.95M – $10.60M
NOI $635,712 @ 7.0% cap · market cap 11.97%
Second Best
Warehouse
$4.73M
$4.14M – $5.52M
NOI $331,249 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$12.53M
$10.96M – $14.62M
NOI $876,933 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- West End Storage — 2380 W State St, Fremont, OH 43420
- Curly's Closet Storage — 1400 Christy Rd, Fremont, OH 43420
- Storage of America — 1825 Oak Harbor Rd, Fremont, OH 43420
Frequently Asked Questions
What type of property is this?
Warehouse - 66,386 SF warehouse with office space for sale.
Where is this warehouse located?
The property is located at 2100 Cedar St Fremont, OH.
What is the asking price?
The asking price for this property is $5,310,880.
What are key features of this property?
This property features: Large warehouse space: +/-58,434 SF on the 1st floor.; Includes office space: +/-7,952 SF on the 2nd floor.; Total building size: +/-66,386 SF.
