Mogadore Industrial Land and
For Sale
Contact for pricing
Pending
3470 Gilchrist Rd Mogadore Oh 44260, Mogadore, OH 44260
70 acres of industrial land with buildings and office space.
Property Size14,000 SF
Lot Size69.50 Acres
Days on Market202
Property Features for 3470 Gilchrist Rd Mogadore Oh 44260
General Information
Standard status
Pending
Size
14,000 SF
Lot size
69.50 Acres
Property subtype
Industrial, Mixed Use, Land
Zoning
I-1
Building Details
Year Built
1950
Buildings
3
Listing Agency:
Keller Williams Chervenic Real
Listed By:
Jacob Coker · License #OH 2002022277
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 12 at 2:41PM
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 Keller Williams Chervenic Real
Investment Insights
Based on property information with market context.
This property features industrial buildings and land totaling almost 70 acres in Mogadore, Ohio. A 64.5-acre parcel includes a 3-acre parking pad that is fenced and gated, with a security building. An additional 5 acres contains office space, warehouse/garage space, and multiple buildings. The rear building, measuring 75x75, includes three 14' doors, heating, a concrete floor, and insulation. The 'lower' building measures 80x40 and features ample power and an office. The property includes 14,000 square feet of space.
Key Highlights
- Prime industrial land totaling almost 70 acres.
- 64.5 acre parcel includes a fenced and gated 3‑acre parking pad with a security building.
- Multiple buildings including office and warehouse/garage space on 5 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,636
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,432,720
$3.4M
Cap Rate 7%
$2,451,943
$2.5M
Cap Rate 9%
$1,907,067
$1.9M
Market Conditions
NOI Build-Up for 14,000 SF
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.
Gross rent
$300.7K $21.48/SF
− Vacancy
−$71.9K −$5.13/SF
EGI
$228.8K $16.35/SF
− OpEx
−$57.2K −$4.09/SF
NOI
$171.6K $12.26/SF
Area
Portage County, OH
Vacancy
23.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,432,720
Cap Rate 7%
$2,451,943
Cap Rate 9%
$1,907,067
Alternative Uses
Best Use
Office B
$2.45M
$2.15M – $2.86M
NOI $171,636 @ 7.0% cap · market cap 9.13%
Second Best
Warehouse
$954.6K
$835.3K – $1.11M
NOI $66,821 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,397 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 44260, OH
13,152
Population
5,429
Households
2.4
Avg Household Size
45
Median Age
26%
College-Educated
93%
High-School Grad
33.0 sq mi
ZIP Area
399
Density / Sq Mi
$75,261
Median Household Income
$45,162
Median Earnings
$951
Median Rent
$191,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - 70 acres of industrial land with buildings and office space.
Where is this industrial land located?
The property is located at 3470 Gilchrist Rd Mogadore Oh 44260 Mogadore, OH.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Prime industrial land totaling almost 70 acres.; 64.5 acre parcel includes a fenced and gated 3‑acre parking pad with a security building.; Multiple buildings including office and warehouse/garage space on 5 acres.
