Industrial Garage with Office
2384 W 23RD ST Bellaire, OH 43906
2384 W 23RD ST, Bellaire, OH, 43906
Contact for pricing
For Sale
Contact for pricing
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$100
Days on Market42
Property Features for 2384 W 23RD ST
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 4.00 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 2000
Listing agency
Harvey Goodman
Listed by
Jay Goodman, CCIM · License #WV0028766
Source
Crexi
Added: Jun 10 Updated: Jul 21 at 2:21AM Checked: Jul 21 at 8:33AM
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
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
Local Financial Insights For Retail
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 | $55.2k | $11.04 |
| − Vacancy | −$2.2k | −$0.44 |
| EGI | $53.0k | $10.60 |
| − OpEx | −$15.9k | −$3.18 |
| NOI | $37.1k | $7.42 |
5,000 SF · lease $11.04/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$529.9K
$463.7K – $618.2K
NOI $37,094 @ 7.0% cap · market cap 7.42%
Second Best
Industrial
$293.5K
$256.8K – $342.4K
NOI $20,546 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$980.2K
$857.7K – $1.14M
NOI $68,612 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
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
FAQs
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 $500,000.
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
