Warehouse with Detached
For Sale
$695,000
3045 W Prospect Road, Ashtabula, OH 44004
A separate single-family home accompanies the warehouse, with municipal water and sewer service at the residence.
Property Size11,700 SF
Lot Size2.07 Acres
Price / SF$59.40
Days on Market79
Property Features for 3045 W Prospect Road
General Information
Standard status
Active
Size
11,700 SF
Lot size
2.07 Acres
Property subtype
Warehouse
Warehouse & Industrial
Warehouse Space
11,700 SF
Drive-In Doors
4
Additional Details
Utilities to Site
Yes
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$8,357
Building Details
Building Size
11,700 SF
Year Built
1990
Buildings
2
Listing Agency:
Berkshire Hathaway HomeServices Professional Realty
Listed By:
Rick L Furmage · License #408337
(440) 862-0906
Source:
Lifestagesrealty
Added: Aug 10
Changed: Oct 26
Last Checked: Oct 26 at 3:49PM
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 Berkshire Hathaway HomeServices Professional Realty
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Investment Insights
Based on property information with market context.
The property includes an 11,700-square-foot warehouse and a separate single-family home exceeding 1,600 square feet. The warehouse has four drive-in overhead doors measuring between 11 and 14 feet, with ceiling height reaching 24 feet. Electric and gas service are in the warehouse; the residence has city water and sewer.
Set on 2.07 acres along Route 20 in Saybrook Township, the site features an asphalt U-shaped drive and parking. The warehouse was built in 1990.
Set on 2.07 acres along Route 20 in Saybrook Township, the site features an asphalt U-shaped drive and parking. The warehouse was built in 1990.
Key Highlights
- 11,700‑square‑foot warehouse with a separate single‑family home exceeding 1,600 square feet
- Four drive‑in overhead doors, ranging from 11 to 14 feet
- Warehouse ceiling height reaches 24 feet
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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Property Analytics
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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
Well-served
Demand for This Use
Explore this area
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
Similar Off Market Nearby
- LocalStorage — 3209 N Ridge Rd W, Ashtabula, OH 44004
- West Side Mini Storage — 3209 N Ridge Rd W, Ashtabula, OH 44004
- Infinity Self Storage — 2905 N Bend Rd, Ashtabula, OH 44004
Frequently Asked Questions
What type of property is this?
Warehouse - A separate single-family home accompanies the warehouse, with municipal water and sewer service at the residence.
Where is this warehouse 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 with a separate single‑family home exceeding 1,600 square feet; Four drive‑in overhead doors, ranging from 11 to 14 feet; Warehouse ceiling height reaches 24 feet
