Light Manufacturing Flex
3120 Venice Road Sandusky Sandusky, OH 44870
3120 Venice Road Sandusky, Sandusky, OH, 44870
$429,900
For Sale
$429,900
Flex and light manufacturing facility with three 10x10 overhead doors, three-phase power, and office/locker support space.
Property Size9,600 SF
Lot Size1.66 Acres
Price / SF$44.78
Days on Market15
Property Features for 3120 Venice Road Sandusky
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Lot size
- 1.66 Acres
Building Details
- Year Built
- 1965
Listing agency
(614) 660-5959
Listed by
Penny Ray
(614) 660-5959
Source
Movenowohio
Added: Jul 7 Updated: Jul 21 at 4:31AM Checked: Jul 21 at 4:31AM
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 Penny Ray
Investment Insights
Based on property information with market context.
This former Schwab Machine building is a 9,600-square-foot flex and light manufacturing facility set on 1.66 acres. The layout supports practical workflow with office and locker room areas designed for reception, clerical, and support functions. Loading and deliveries are supported by three 10’ x 10’ overhead doors.
The property includes three-phase electrical service for equipment with higher power needs and a large on-site parking area suitable for employees, customers, and fleet vehicles. Light Manufacturing (LM) zoning is listed for the site.
Located in Sandusky’s West End with easy access to U.S. Route 6, State Route 2, and State Route 101, the building is positioned for assembly, service operations, storage, distribution, and other light manufacturing activities. The site also includes room for expansion.
The property includes three-phase electrical service for equipment with higher power needs and a large on-site parking area suitable for employees, customers, and fleet vehicles. Light Manufacturing (LM) zoning is listed for the site.
Located in Sandusky’s West End with easy access to U.S. Route 6, State Route 2, and State Route 101, the building is positioned for assembly, service operations, storage, distribution, and other light manufacturing activities. The site also includes room for expansion.
Key Highlights
- 9,600 sq. ft. block and vinyl siding building on 1.66 acres (3120 Venice Road, Sandusky West End)
- Three 10' x 10' overhead doors for loading and deliveries
- Three‑phase electrical service for equipment with higher power needs; electricity is ON
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 | $61.5k | $6.41 |
| − Vacancy | −$5.2k | −$0.54 |
| EGI | $56.4k | $5.87 |
| − OpEx | −$16.9k | −$1.76 |
| NOI | $39.4k | $4.11 |
9,600 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.07M
$938.1K – $1.25M
NOI $75,048 @ 7.0% cap · market cap 17.46%
Second Best
Warehouse
$684.3K
$598.8K – $798.4K
NOI $47,901 @ 7.0% cap · market cap 11.14%
Theoretical Best
Multifamily LT 5
$105.65M
$92.44M – $123.25M
NOI $7,395,290 @ 7.0% cap · market cap 1,720.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Schwab Machine Inc
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex and light manufacturing facility with three 10x10 overhead doors, three-phase power, and office/locker support space.
Where is this flex space located?
The property is located at 3120 Venice Road Sandusky Sandusky, OH.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 9,600 sq. ft. block and vinyl siding building on 1.66 acres (3120 Venice Road, Sandusky West End); Three 10' x 10' overhead doors for loading and deliveries; Three‑phase electrical service for equipment with higher power needs; electricity is ON
