Industrial Property with Multiple Bay
For Sale
$950,000
2110 George St, Sandusky, OH 44870
Industrial building includes multiple bay doors, open workspace, and newly renovated office space for administrative use.
Property Size20,808 SF
Price / SF$45.66
Days on Market107
Property Features for 2110 George St
General Information
Standard status
Active
Size
20,808 SF
Building Details
Year Built
1967
Listing Agency:
Lokal Real Estate, LLC.
Listed By:
Kayla Carosella · License #2019003710
(216) 482-7188
Source:
Theacclaimedrealty
Added: Jul 6
Changed: Oct 2
Last Checked: Oct 7 at 5:01PM
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 Lokal Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This industrial property is designed for practical operations, featuring multiple bay doors, open workspace, and newly renovated office space. The office area provides a clean, modern environment for administrative or client-facing needs, while the flexible warehouse layout supports a range of day-to-day workflows.
The property is situated on a large lot with ample parking and easy access, supporting straightforward customer and staff arrivals. Located at 2110 George Street in Sandusky, OH, it offers a functional combination of shop/warehouse space and office improvements in a single facility.
With its operational layout, office renovations, and parking-oriented site plan, the building may appeal to owner-users seeking a ready-to-work industrial setup or investors looking to add a usable industrial asset to a portfolio.
The property is situated on a large lot with ample parking and easy access, supporting straightforward customer and staff arrivals. Located at 2110 George Street in Sandusky, OH, it offers a functional combination of shop/warehouse space and office improvements in a single facility.
With its operational layout, office renovations, and parking-oriented site plan, the building may appeal to owner-users seeking a ready-to-work industrial setup or investors looking to add a usable industrial asset to a portfolio.
Key Highlights
- Industrial building on a 2.8024‑acre lot built in 1967 with brick and vinyl siding exterior
- Multiple bay doors for loading and flexible industrial operations
- Open workspace layout for warehouse, automotive, service‑based, or light industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,504
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,710,080
$1.7M
Cap Rate 7%
$1,221,486
$1.2M
Cap Rate 9%
$950,044
$950.0K
Market Conditions
NOI Build-Up for 20,808 SF
Gross rent
$133.4K $6.41/SF
− Vacancy
−$11.2K −$0.54/SF
EGI
$122.1K $5.87/SF
− OpEx
−$36.6K −$1.76/SF
NOI
$85.5K $4.11/SF
Area
Erie County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,710,080
Cap Rate 7%
$1,221,486
Cap Rate 9%
$950,044
Alternative Uses
Best Use
Flex RnD
$2.32M
$2.03M – $2.71M
NOI $162,666 @ 7.0% cap · market cap 17.12%
Second Best
Warehouse
$1.48M
$1.30M – $1.73M
NOI $103,826 @ 7.0% cap · market cap 10.93%
Theoretical Best
Multifamily LT 5
$228.99M
$200.37M – $267.15M
NOI $16,029,290 @ 7.0% cap · market cap 1,687.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44870, OH
40,416
Population
19,991
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
90%
High-School Grad
60.7 sq mi
ZIP Area
666
Density / Sq Mi
$58,797
Median Household Income
$36,056
Median Earnings
$863
Median Rent
$148,600
Median Home Value
Check the figures for this property
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 - Industrial building includes multiple bay doors, open workspace, and newly renovated office space for administrative use.
Where is this flex space located?
The property is located at 2110 George St Sandusky, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Industrial building on a 2.8024‑acre lot built in 1967 with brick and vinyl siding exterior; Multiple bay doors for loading and flexible industrial operations; Open workspace layout for warehouse, automotive, service‑based, or light industrial use
