Mixed-Use Property with
3045 W Prospect Road, Ashtabula, OH 44004
For Sale
$695,000
CommercialSale, Ashtabula, OH
Property Size11,700 SF
Lot Size2.07 Acres
Price / SF$59.40
Days on Market91
Property Features for 3045 W Prospect Road
General Information
Property type
Property subtype
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Roof type
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
(440) 998-4663
Listed By:
Rick L Furmage · License #408337
(440) 862-0906
Added: Aug 10
Changed: Nov 3
Last Checked: Nov 8 at 9:06AM
MLS# 5236043
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.
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Investment Insights
Based on property information with market context.
The 2.07-acre property includes an 11,700-square-foot warehouse and a single-family house exceeding 1,600 square feet. The warehouse has four drive-in overhead doors, with heights ranging from 11 to 14 feet, and a maximum ceiling height of 24 feet. An asphalt U-shaped drive provides circulation across the site.
The property is on Rte 20 in Saybrook Township. Public water and sewer serve the house; the warehouse has electric and natural gas service.
The property is on Rte 20 in Saybrook Township. Public water and sewer serve the house; the warehouse has electric and natural gas service.
Key Highlights
- 11,700‑square‑foot warehouse and a single‑family home of more than 1,600 square feet
- Four drive‑in overhead doors, ranging from 11 ft to 14 ft
- Maximum warehouse ceiling height of 24 ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,120
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,400
$982.4K
Cap Rate 7%
$701,714
$701.7K
Cap Rate 9%
$545,778
$545.8K
Market Conditions
NOI Build-Up for 11,700 SF
Gross rent
$59.0K $5.04/SF
− Vacancy
−$1.2K −$0.10/SF
EGI
$57.8K $4.94/SF
− OpEx
−$8.7K −$0.74/SF
NOI
$49.1K $4.20/SF
Area
Ashtabula County, OH
Vacancy
2.00%
Lease Rate
$5.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,400
Cap Rate 7%
$701,714
Cap Rate 9%
$545,778
Alternative Uses
Best Use
Mixed Use
$1.22M
$1.07M – $1.42M
NOI $85,293 @ 7.0% cap · market cap 12.27%
Second Best
Warehouse
$701.7K
$614.0K – $818.7K
NOI $49,120 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,620 @ 7.0% cap · market cap 21.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
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Business Placement
Demographics for 44004, OH
31,661
Population
15,262
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
87%
High-School Grad
74.1 sq mi
ZIP Area
427
Density / Sq Mi
$49,507
Median Household Income
$31,471
Median Earnings
$813
Median Rent
$120,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The site combines warehouse space with a detached single-family home and a paved circulation drive.
Where is this mixed-use property located?
The property is located at 3045 W Prospect Road Ashtabula, OH.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 11,700‑square‑foot warehouse and a single‑family home of more than 1,600 square feet; Four drive‑in overhead doors, ranging from 11 ft to 14 ft; Maximum warehouse ceiling height of 24 ft
