Flex Space With Drive-In
For Sale
Contact for pricing
2395 Rock Rd, Ashland, OH 44805
Flex space featuring office and warehouse areas with two 12' x 14' drive-in doors.
Property Size29,300 SF
Price / SF$88.74
Days on Market410
Property Features for 2395 Rock Rd
General Information
Standard status
Active
Size
29,300 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Warehouse Space
17,300 SF
Office Build-Out
8,000 SF
Drive-In Doors
2
Building Details
Buildings
2
Listing Agency:
Donald K. Gant Realty
(330) 264-4242
Listed By:
Trevor Gant · License #2023003563
(330) 466-9355
Source:
Moodyscre
Added: Sep 16, 2025
Changed: Oct 26
Last Checked: Oct 28 at 5:52AM
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 Donald K. Gant Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space includes two buildings with dedicated office and warehouse components. Building A offers approximately 25,300 SF total, with about 8,000 SF office/breakroom area and roughly 17,300 SF warehouse area. Building A also includes private offices and conference rooms, plus six restrooms.
Building B adds approximately 4,000 SF. Building A dimensions are approximately 50' x 80', and the warehouse area is accessed via two drive-in doors measuring 12' x 14'. The property address is 2395 Rock Rd, Ashland, OH 44805.
Building B adds approximately 4,000 SF. Building A dimensions are approximately 50' x 80', and the warehouse area is accessed via two drive-in doors measuring 12' x 14'. The property address is 2395 Rock Rd, Ashland, OH 44805.
Key Highlights
- Building A totals about 25,300 SF with 8,000 SF office/breakroom and 17,300 SF warehouse
- Building A includes private offices and conference rooms plus six restrooms
- Building B includes approximately 4,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,513
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,490,260
$3.5M
Cap Rate 7%
$2,493,043
$2.5M
Cap Rate 9%
$1,939,033
$1.9M
Market Conditions
NOI Build-Up for 29,300 SF
Gross rent
$291.8K $9.96/SF
− Vacancy
−$23.3K −$0.80/SF
EGI
$268.5K $9.16/SF
− OpEx
−$94.0K −$3.21/SF
NOI
$174.5K $5.96/SF
Area
Ashland County, OH
Vacancy
8.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,490,260
Cap Rate 7%
$2,493,043
Cap Rate 9%
$1,939,033
Alternative Uses
Best Use
Office B
$4.01M
$3.51M – $4.68M
NOI $280,577 @ 7.0% cap · market cap 10.79%
Second Best
Flex RnD
$2.49M
$2.18M – $2.91M
NOI $174,513 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$5.53M
$4.84M – $6.45M
NOI $387,041 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44805, OH
31,238
Population
13,248
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
151.1 sq mi
ZIP Area
207
Density / Sq Mi
$62,058
Median Household Income
$35,122
Median Earnings
$835
Median Rent
$165,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex space featuring office and warehouse areas with two 12' x 14' drive-in doors.
Where is this flex space located?
The property is located at 2395 Rock Rd Ashland, OH.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Building A totals about 25,300 SF with 8,000 SF office/breakroom and 17,300 SF warehouse; Building A includes private offices and conference rooms plus six restrooms; Building B includes approximately 4,000 SF
