Industrial Garage with Office
For Sale
$425,000
2384 W 23rd St, Bellaire, OH 43906
Industrial building with five 14-foot drive-in garage doors, 10-inch concrete floors, and an office loft over two buildings.
Property Size5,000 SF
Lot Size4.00 Acres
Price / SF$85
Days on Market128
Property Features for 2384 W 23rd St
General Information
Standard status
Active
Size
5,000 SF
Lot size
4.00 Acres
Additional Details
Highway Access
Yes
Drive-In Doors
5
Building Details
Year Built
2000
Listing Agency:
Harvey Goodman, REALTOR
Listed By:
Jay H Goodman · License #BRKP.2012000489
(773) 936-6511
Source:
Theacclaimedrealty
Added: Jun 16
Changed: Oct 6
Last Checked: Oct 7 at 1:42PM
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 Harvey Goodman, REALTOR
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Investment Insights
Based on property information with market context.
This for-sale industrial property includes two buildings totaling 5,320 square feet. The main building offers five 14-foot industrial garage doors for drive-in truck maintenance, supported by a robust 10-inch concrete floor. A lofted second floor provides office space, and a car lift is included for automotive operations with specialized needs. There is also a 320 sf storage building for additional on-site storage.
The property is located at 2384 W 23rd Street in Bellaire, Ohio, about 1 mile from Route 7. Access to major transportation routes is supported by nearby OH-7 and I-470/I-70.
With multiple drive-in doors, durable slab construction, office space within the main structure, and dedicated storage, the site is designed to accommodate practical industrial and automotive service functions.
The property is located at 2384 W 23rd Street in Bellaire, Ohio, about 1 mile from Route 7. Access to major transportation routes is supported by nearby OH-7 and I-470/I-70.
With multiple drive-in doors, durable slab construction, office space within the main structure, and dedicated storage, the site is designed to accommodate practical industrial and automotive service functions.
Key Highlights
- Industrial property built in 2000 with 5,320 SF across 2 buildings on over 4 acres
- Main building offers five 14‑foot drive‑in industrial garage doors for maintenance and shop access
- 10‑inch concrete floor throughout the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,094
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,880
$741.9K
Cap Rate 7%
$529,914
$529.9K
Cap Rate 9%
$412,156
$412.2K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$55.2K $11.04/SF
− Vacancy
−$2.2K −$0.44/SF
EGI
$53.0K $10.60/SF
− OpEx
−$15.9K −$3.18/SF
NOI
$37.1K $7.42/SF
Area
Belmont County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,880
Cap Rate 7%
$529,914
Cap Rate 9%
$412,156
Alternative Uses
Best Use
Retail
$529.9K
$463.7K – $618.2K
NOI $37,094 @ 7.0% cap · market cap 8.73%
Second Best
Industrial
$293.5K
$256.8K – $342.4K
NOI $20,546 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$980.2K
$857.7K – $1.14M
NOI $68,612 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43906, OH
7,952
Population
4,202
Households
1.9
Avg Household Size
45
Median Age
11%
College-Educated
89%
High-School Grad
32.2 sq mi
ZIP Area
247
Density / Sq Mi
$41,635
Median Household Income
$27,269
Median Earnings
$695
Median Rent
$106,200
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
Similar Off Market Nearby
- Carl's Auto Repair — 2379 W 23rd St, Bellaire, OH 43906
- J & L Collision Center — 520 33rd St, Bellaire, OH 43906
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial building with five 14-foot drive-in garage doors, 10-inch concrete floors, and an office loft over two buildings.
Where is this auto shop located?
The property is located at 2384 W 23rd St Bellaire, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Industrial property built in 2000 with 5,320 SF across 2 buildings on over 4 acres; Main building offers five 14‑foot drive‑in industrial garage doors for maintenance and shop access; 10‑inch concrete floor throughout the main building
