Building Details

Buildings 8

Listing Agency: The DiSalvo Group

Listed By: Joseph DiSalvo · License #IN RB14051407 Show Phone

Source: Crexi

Added: Sep 17 Changed: Sep 24 Last Checked: Sep 24 at 2:14PM

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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 The DiSalvo Group

Investment Insights

Based on property information with market context.

This industrial portfolio includes eight buildings totaling 76,840 square feet on 24.39 acres. Occupancy is 98%, spread across 20 tenants, and no single tenant accounts for more than 10% of net leasable area. The property includes M-1-zoned acreage, with outdoor storage and parking identified as potential income sources.

At 2705 South Eber Road in Monclova, Ohio, the site directly borders Eugene F. Kranz Toledo Express Airport and is part of the Toledo MSA.

Key Highlights

• Eight‑building industrial portfolio totaling 76,840 square feet
• 24.39‑acre site with M‑1 zoning
• 98% occupied by 20 tenants

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

$408,848

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

8.49%

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%

$8,176,960 $8.2M

Cap Rate 7%

$5,840,686 $5.8M

Cap Rate 9%

$4,542,756 $4.5M

Market Conditions

NOI Build-Up for 76,840 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

$599.4K $7.80/SF

− Vacancy

−$15.3K −$0.20/SF

EGI

$584.1K $7.60/SF

− OpEx

−$175.2K −$2.28/SF

NOI

$408.8K $5.32/SF

Area

Lucas County, OH

Vacancy

2.55%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

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%

$8,176,960

Cap Rate 7%

$5,840,686

Cap Rate 9%

$4,542,756

Alternative Uses

Best Use

Warehouse

$7.09M

$6.21M – $8.27M (±1% cap)

NOI $496,458 @ 7.0% cap · market cap 10.31%

Second Best

Industrial

$5.84M

$5.11M – $6.81M (±1% cap)

NOI $408,848 @ 7.0% cap · market cap 8.49%

Theoretical Best

Specialty Retail

$14.06M

$12.31M – $16.41M (±1% cap)

NOI $984,436 @ 7.0% cap · market cap 20.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick HVAC Service Auto Parts Store Garden Center Real Estate Agency Building Supply Auto Repair Shop

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

98%

Occupancy

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 43542, OH

4,443

Population

1,571

Households

2.8

Avg Household Size

43

Median Age

52%

College-Educated

96%

High-School Grad

14.9 sq mi

ZIP Area

298

Density / Sq Mi

$167,321

Median Household Income

$72,917

Median Earnings

$1,175

Median Rent

$423,000

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

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Industrial property - Eight separate buildings form a largely leased industrial campus near Toledo Express Airport.

Where is this industrial property located?

The property is located at 2705 South Eber Road Monclova, OH.

What is the asking price?

The asking price for this property is $4,814,000.

What are key features of this property?

This property features: Eight‑building industrial portfolio totaling 76,840 square feet; 24.39‑acre site with M‑1 zoning; 98% occupied by 20 tenants