Flex Space with Loading
For Sale
$1,150,000
2425 US 62, Dundee, OH 44689
CommercialSale, Dundee, OH
Property Size10,000 SF
Lot Size0.83 Acres
Price / SF$115
Days on Market531
Property Features for 2425 US 62
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Paved or Surfaced
Subdivision
Paint
Elementary school district
East Holmes LSD - 3801
Middle school district
East Holmes LSD - 3801
High school district
East Holmes LSD - 3801
Directions
If you're coming from Berlin, Ohio, follow these directions: Head east on US-62 E toward Winesburg. Continue on US-62 E for approximately 6 miles. As you approach Winesburg, stay on US-62 E, passing through the town. The property, 2425 US 62, will be on your right-hand side, just outside the heart of Winesburg.
Standard status
Active
APN
15-00715.000
Lot size
0.83 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
R5 T10 S4 LOT 4 .49A & LOT 5 .048A = .538A P-8
Tax Annual Amount
3021
Legal Description
R5 T10 S4 LOT 4 .49A & LOT 5 .048A = .538A P-8
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Forced Air, Baseboard
Cooling system
Central Air
Water source
Public
Amenities
conference room
Building Details
Year built
1972
Roof type
Metal
Listing Agency:
Kaufman Realty & Auction, LLC.
(330) 602-4111
Listed By:
Stephanie Reiser · License #2023003213
(330) 243-0076
Added: Mar 9, 2025
Changed: Aug 20
Last Checked: Aug 22 at 11:06PM
MLS# 5105119
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1972 flex space at 2425 US 62 combines operational and administrative areas within a commercial building on 0.828 acres. The property includes upper- and lower-level offices, a conference room, storage, a loading dock, and seven garage doors, including an entry sized for semi-truck access. Interior updates include a remodeled full bathroom with shower, a half bathroom, and two additional storage closets.
The facility is positioned just outside Winesburg and near Berlin, with access from US 62. Building systems include a three-phase electrical panel, Blackheat BH heating elements, central air, radiant, forced-air and baseboard heating, a metal roof, paved or surfaced parking, public water, and public sewer. A two-year lease is in place, and the property is currently leased.
The facility is positioned just outside Winesburg and near Berlin, with access from US 62. Building systems include a three-phase electrical panel, Blackheat BH heating elements, central air, radiant, forced-air and baseboard heating, a metal roof, paved or surfaced parking, public water, and public sewer. A two-year lease is in place, and the property is currently leased.
Key Highlights
- Flex space on 0.828 acres at 2425 US 62, Dundee, OH 44689
- Loading dock and 7 garage doors, including semi‑truck access
- Upper- and lower‑level offices with a large conference room and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,915,200
$1.9M
Cap Rate 7%
$1,368,000
$1.4M
Cap Rate 9%
$1,064,000
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
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.
Gross rent
$159.6K $15.96/SF
− Vacancy
−$31.9K −$3.19/SF
EGI
$127.7K $12.77/SF
− OpEx
−$31.9K −$3.19/SF
NOI
$95.8K $9.58/SF
Area
Tuscarawas County, OH
Vacancy
20.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,915,200
Cap Rate 7%
$1,368,000
Cap Rate 9%
$1,064,000
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,760 @ 7.0% cap · market cap 8.33%
Second Best
Flex RnD
$869.4K
$760.7K – $1.01M
NOI $60,856 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,445 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44689, OH
586
Population
159
Households
3.7
Avg Household Size
33
Median Age
4%
College-Educated
64%
High-School Grad
2.7 sq mi
ZIP Area
217
Density / Sq Mi
$95,893
Median Household Income
$34,191
Median Earnings
$1,000
Median Rent
$104,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with office areas, storage, semi-truck access, and public utilities near Winesburg.
Where is this flex space located?
The property is located at 2425 US 62 Dundee, OH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Flex space on 0.828 acres at 2425 US 62, Dundee, OH 44689; Loading dock and 7 garage doors, including semi‑truck access; Upper- and lower‑level offices with a large conference room and storage
