Flex Building Office
33360 Liberty Pkwy North Ridgeville, OH
33360 Liberty Pkwy, North Ridgeville, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Office space in flex building with storage and garage access.
Property Size3,360 SF
Lot Size0.05 Acres
Price / SF$107.14
Days on Market643
Property Features for 33360 Liberty Pkwy
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Lot size
- 0.05 Acres
- Property subtype
- OFFICE
Listing agency
Cresco Real Estate | Cleveland
(216) 525-1476
Listed by
Brian Smith
Source
Moodyscre
Added: Oct 17, 2024 Updated: Jul 6 at 10:59AM Checked: Jul 20 at 4:05AM
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 Cresco Real Estate | Cleveland
Investment Insights
Based on property information with market context.
This property features office space constructed within a flex building. The layout includes more than five executive offices and a dedicated cubicle area. A small storage space is available, complemented by garage door access. The property offers hotel space to accommodate additional workspace needs, providing flexibility for various business operations. The property size is 3,360 square feet.
Key Highlights
- Office space built within a flex building
- More than five executive offices
- Cubicle area for flexible workspace
Local Financial Insights For Flex RnD
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 | $22.2k | $6.60 |
| − Vacancy | −$776 | −$0.23 |
| EGI | $21.4k | $6.37 |
| − OpEx | −$7.5k | −$2.23 |
| NOI | $13.9k | $4.14 |
3,360 SF · lease $6.60/SF/yr · vacancy 3.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$605.9K
$530.2K – $706.9K
NOI $42,412 @ 7.0% cap · market cap 11.78%
Second Best
Flex RnD
$198.7K
$173.9K – $231.8K
NOI $13,910 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$846.7K
$740.9K – $987.8K
NOI $59,270 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office space in flex building with storage and garage access.
Where is this office units located?
The property is located at 33360 Liberty Pkwy North Ridgeville, OH.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Office space built within a flex building; More than five executive offices; Cubicle area for flexible workspace
