31 Hunter Pl, Bellefontaine, OH 43311
58,180 SF industrial property with manufacturing potential in Bellefontaine, OH.
- Added:
- Jul 2, 2024
- Days on Market:
- 713
- Last Refresh:
- May 12 at 8:44 pm
Property Features for 31 Hunter Pl
General Information
- Standard status
- Active
- Size
- 58,180 SF
- Lot size
- 4.93 Acres
- Property subtype
- Industrial
Listing agent Tim Echemann CCIM SIOR License #OH 0000359250
Listing office IPB Industrial Property Brokers
Listing date Jul 2, 2024
Source Crexi
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 IPB Industrial Property Brokers
HighLights
- Strategic Location: Easy access to U.S. 33 & U.S. 68, proximity to rail line and Bellefontaine Regional Airport, located in the thriving Crossroads Industrial Park.
- High Functionality: 58,180 SF with 24'-27' clear height, 4 docks (expandable to 8), and 3 drive‑in doors, suitable for light manufacturing.
- Modern Infrastructure: New LED lighting, 480V power, wet sprinkler system, 6" concrete floors, and 800 Amps of power.
- Ample Space & Parking: 4.929‑acre site with 48 parking spaces and spacious office area.
- Supportive Environment: Zoned for light manufacturing in a revitalized city with economic incentives and a supportive business community.
- Well‑Maintained: Built in 1996 with a well‑maintained HVAC system and partial A/C in manufacturing space.
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $372.9k | $6.41 |
| − Vacancy | −$31.4k | −$0.54 |
| EGI | $341.5k | $5.87 |
| − OpEx | −$102.5k | −$1.76 |
| NOI | $239.1k | $4.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bellefontaine
- County
- Logan
- State
- Ohio
- Longitude
- -83.7596123
- Latitude
- 40.3785166
