Building Details

Year Built 2021

Buildings 1

Building Size 53,345 SF

Construction precast concrete

Listing Agency: CBRE | Akron

Listed By: Dean Bacopoulos Show Phone

Source: Cbre

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 16 at 6:51AM

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Investment Insights

Based on property information with market context.

Completed in 2021, this flex facility at 2679 Sidley Court contains 53,345 SF within a precast-concrete building on ±12.28 acres. The property includes 18,839 SF of fully conditioned interior space arranged for an indoor truck showroom, parts department, and offices, along with heavy-duty service infrastructure.

The site is located in the Sidley Industrial Park corridor with immediate access to Interstate 90 and SR-45. The Interstate 90/SR-45 interchange is 0.7 miles away, providing a defined regional access point for the facility.

Key Highlights

• 53,345 SF precast‑concrete facility completed in 2021
• ±12.28‑acre site in the Sidley Industrial Park corridor
• 18,839 SF of fully conditioned interior space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$654,671

Cap Rate

6.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,093,420 $13.1M

Cap Rate 7%

$9,352,443 $9.4M

Cap Rate 9%

$7,274,122 $7.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 53,345 SF

Gross rent

$960.2K $18.00/SF

− Vacancy

−$25.0K −$0.47/SF

EGI

$935.2K $17.53/SF

− OpEx

−$280.6K −$5.26/SF

NOI

$654.7K $12.27/SF

Area

Ashtabula County, OH

Vacancy

2.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,093,420

Cap Rate 7%

$9,352,443

Cap Rate 9%

$7,274,122

Alternative Uses

Best Use

Retail

$9.35M

$8.18M – $10.91M (±1% cap)

NOI $654,671 @ 7.0% cap · market cap 6.89%

Second Best

Flex RnD

$4.34M

$3.80M – $5.07M (±1% cap)

NOI $303,913 @ 7.0% cap · market cap 3.20%

Theoretical Best

Office A

$9.94M

$8.70M – $11.60M (±1% cap)

NOI $695,858 @ 7.0% cap · market cap 7.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Austinburg Truck Center Car Dealership

Suggested Use

Top Pick Storage Facility Big Box & Wholesale Store Hair Salon Nail Salon Restaurant Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

88

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44010, OH

1,666

Population

563

Households

3

Avg Household Size

49

Median Age

25%

College-Educated

90%

High-School Grad

18.3 sq mi

ZIP Area

91

Density / Sq Mi

$79,375

Median Household Income

$58,750

Median Earnings

$856

Median Rent

$219,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Precast-concrete facility with conditioned showroom, parts, and office areas.

Where is this flex space located?

The property is located at 2679 Sidley Court Austinburg, OH.

What is the asking price?

The asking price for this property is $9,495,000.

What are key features of this property?

This property features: 53,345 SF precast‑concrete facility completed in 2021; ±12.28‑acre site in the Sidley Industrial Park corridor; 18,839 SF of fully conditioned interior space