Renovated Flex Warehouse with
211 W Main St Russia, OH 45363
For Sale
Contact for pricing
Renovated flex facility featuring front office reception, upgraded restrooms, and multiple overhead doors servicing a heated warehouse.
Property Size15,210 SF
Lot Size0.43 Acres
Price / SF$52.27
Days on Market141
Property Features for 211 W Main St
General Information
- Standard status
- Active
- Size
- 15,210 SF
- Lot size
- 0.43 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Equity | Dayton
(937) 216-4636
Listed By:
Tracey Herron · License #SAL.0000446465
(937) 216-4636
Source:
Moodyscre
Added: Mar 5
Changed: Jul 23
Last Checked: Jul 23 at 7:30AM
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 Equity | Dayton
Investment Insights
Based on property information with market context.
Built in 1958 and completely renovated, this flex warehouse includes a reception area with three front offices and two fully renovated front bathrooms. The layout also provides a full kitchen/breakroom and a supervisor’s office in the warehouse with windows. In addition to brand-new warehouse restrooms with a full shower and a washer/dryer area, the property has been improved with new electrical and plumbing.
Operational features include 220 Amp / 240 Volt / 3-Phase power, air compression lines, water lines, drains, and power drops. The warehouse offers approximately 12’–14’ ceiling height and is served by new HVAC systems, with three front units and four warehouse heating units replaced within the last two years.
Overhead door openings include (1) 10’x10’, (1) 12’x10’, and (1) 8’x8’, and the listing notes that additional door locations can be put back in. The property is situated on 0.4340 acres.
Operational features include 220 Amp / 240 Volt / 3-Phase power, air compression lines, water lines, drains, and power drops. The warehouse offers approximately 12’–14’ ceiling height and is served by new HVAC systems, with three front units and four warehouse heating units replaced within the last two years.
Overhead door openings include (1) 10’x10’, (1) 12’x10’, and (1) 8’x8’, and the listing notes that additional door locations can be put back in. The property is situated on 0.4340 acres.
Key Highlights
- Completely renovated 1958‑built flex facility on 0.4340 acres (Parcel # 24‑2414155.001)
- Reception area plus 3 front offices and a supervisor’s office in the warehouse with windows
- Full kitchen/breakroom and 2 fully renovated front bathrooms
Financial Insights For Industrial
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 | $97.5k | $6.41 |
| − Vacancy | −$8.2k | −$0.54 |
| EGI | $89.3k | $5.87 |
| − OpEx | −$26.8k | −$1.76 |
| NOI | $62.5k | $4.11 |
15,210 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,651 @ 7.0% cap · market cap 18.32%
Second Best
Warehouse
$1.08M
$948.7K – $1.26M
NOI $75,894 @ 7.0% cap · market cap 9.55%
Theoretical Best
Specialty Retail
$4.24M
$3.71M – $4.95M
NOI $296,976 @ 7.0% cap · market cap 37.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Abrasive Source
Mill
FAQs
What type of property is this?
Flex space - Renovated flex facility featuring front office reception, upgraded restrooms, and multiple overhead doors servicing a heated warehouse.
Where is this flex space located?
The property is located at 211 W Main St Russia, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Completely renovated 1958‑built flex facility on 0.4340 acres (Parcel # 24‑2414155.001); Reception area plus 3 front offices and a supervisor’s office in the warehouse with windows; Full kitchen/breakroom and 2 fully renovated front bathrooms
