Building Details

Year Built 1966

Year Renovated 2002

Buildings 1

Building Size 16,758 SF

Tenancy Multi

Listing Agency: Gerspacher Real Estate Group Show Phone

Listed By: Troy Gerspacher, CCIM, SIOR Show Phone

Source: Moodyscre

Added: Oct 22, 2025 Changed: Oct 9 Last Checked: Oct 15 at 1:50AM

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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 Gerspacher Real Estate Group

Investment Insights

Based on property information with market context.

This 16,758-square-foot flex property combines retail and office space with warehouse storage at the rear. The building is divided into six units, with available suites ranging from 1,290 to 5,973 square feet and the ability to join units for larger layouts. One unit includes a drive-through, while three 10 x 10 overhead doors support warehouse functionality. Improvements include a roof and AC units completed in 2022; the building was originally constructed in 1966 and renovated in 2002.

Located at 330 West High Street in Orrville, Ohio, the property offers approximately 40 on-site parking spaces. Three units are leased to 211's Legacy Tanning, Trent Insurance Group, and Polish2Perfection, providing an existing mix of retail and office occupancy.

Key Highlights

• 16,758 SF across six flexible units
• Available spaces range from 1,290 SF to 5,973 SF, with units that can be combined
• Three 10 x 10 overhead doors serve the rear warehouse area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,862

Cap Rate

8.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,377,240 $1.4M

Cap Rate 7%

$983,743 $983.7K

Cap Rate 9%

$765,133 $765.1K

Market Conditions

NOI Build-Up for 16,758 SF

Gross rent

$107.4K $6.41/SF

− Vacancy

−$9.0K −$0.54/SF

EGI

$98.4K $5.87/SF

− OpEx

−$29.5K −$1.76/SF

NOI

$68.9K $4.11/SF

Area

Wayne County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,377,240

Cap Rate 7%

$983,743

Cap Rate 9%

$765,133

Alternative Uses

Best Use

Retail

$2.41M

$2.11M – $2.81M (±1% cap)

NOI $168,569 @ 7.0% cap · market cap 21.20%

Second Best

Office B

$2.37M

$2.07M – $2.77M (±1% cap)

NOI $165,904 @ 7.0% cap · market cap 20.87%

Theoretical Best

Multifamily LT 5

$12.25M

$10.72M – $14.29M (±1% cap)

NOI $857,364 @ 7.0% cap · market cap 107.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage HVAC Service Spa & Massage Center Hair Salon

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

371

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 44667, OH

13,723

Population

5,381

Households

2.6

Avg Household Size

39

Median Age

25%

College-Educated

88%

High-School Grad

44.7 sq mi

ZIP Area

307

Density / Sq Mi

$72,402

Median Household Income

$41,792

Median Earnings

$852

Median Rent

$196,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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

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Frequently Asked Questions

What type of property is this?

Flex space - Flexible retail and office property includes rear warehouse storage and a drive-through unit.

Where is this flex space located?

The property is located at 330 West High Street Orrville, OH.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: 16,758 SF across six flexible units; Available spaces range from 1,290 SF to 5,973 SF, with units that can be combined; Three 10 x 10 overhead doors serve the rear warehouse area