Flex Building with Loading
2700 N Eastown Road, Elida, OH 45807
For Sale
$1,300,000
The building combines warehouse, storefront, and office areas with a walk-in cooler.
Property Size8,400 SF
Lot Size3.00 Acres
Price / SF$154.76
Days on Market8
Property Features for 2700 N Eastown Road
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Traffic Count
Mixed-Use Components
Warehouse & Industrial
Warehouse Space
Dock-High Doors
Drive-In Doors
Cold Storage
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Building Size
Listed By:
Josh Ebbing
(419) 852-8392
Source:
Redoakrealtyohio.idxbroker
Added: Oct 30
Changed: Nov 6
Last Checked: Nov 6 at 2:05PM
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 Josh Ebbing
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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 property has 8,400 SF of first-floor building area, including approximately 3,500 sf of warehouse space, storefront area, offices, and a walk-in cooler. The mezzanine is additional space and is not counted in the stated building area. Loading infrastructure includes 2 box truck docks, 2 semi-trailer docks, and a rear entrance with a 12' overhead door.
The property occupies 3 acres in American Township and is zoned B-1. It sits at the intersection of Elida Rd and Eastown Rd, where the stated daily traffic count is 13,691 VPD. Nearby retailers include Menards, Kohl's, Lowes, Target, and Chipotle.
The property occupies 3 acres in American Township and is zoned B-1. It sits at the intersection of Elida Rd and Eastown Rd, where the stated daily traffic count is 13,691 VPD. Nearby retailers include Menards, Kohl's, Lowes, Target, and Chipotle.
Key Highlights
- 8,400 SF of first‑floor building area, with mezzanine space excluded
- Approximately 3,500 sf of warehouse area
- Walk‑in cooler, storefront, and offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,241
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,820
$964.8K
Cap Rate 7%
$689,157
$689.2K
Cap Rate 9%
$536,011
$536.0K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$79.6K $9.48/SF
− Vacancy
−$5.4K −$0.64/SF
EGI
$74.2K $8.84/SF
− OpEx
−$26.0K −$3.09/SF
NOI
$48.2K $5.74/SF
Area
Allen County, OH
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,820
Cap Rate 7%
$689,157
Cap Rate 9%
$536,011
Alternative Uses
Best Use
Flex RnD
$689.2K
$603.0K – $804.0K
NOI $48,241 @ 7.0% cap · market cap 3.71%
Second Best
Warehouse
$598.8K
$523.9K – $698.6K
NOI $41,914 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,628 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Dock-high doors
1
Drive-in doors
13,691 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45807, OH
11,856
Population
5,109
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
157
Density / Sq Mi
$74,387
Median Household Income
$41,645
Median Earnings
$967
Median Rent
$192,800
Median Home Value
Market
Average Price Trend$/SF for Flex space in Allen County, OH
Properties on Market for Flex space in Allen County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The building combines warehouse, storefront, and office areas with a walk-in cooler.
Where is this flex space located?
The property is located at 2700 N Eastown Road Elida, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 8,400 SF of first‑floor building area, with mezzanine space excluded; Approximately 3,500 sf of warehouse area; Walk‑in cooler, storefront, and offices
