Equipped Commercial Properties with
For Sale
$2,550,000
37062 Hocking Drive Logan, Logan, OH 43138
Two commercial properties tailored for welding, machining, metal, and lumber.
Property Size18,944 SF
Lot Size3.67 Acres
Price / SF$134.61
Days on Market207
Property Features for 37062 Hocking Drive Logan
General Information
Standard status
Active
Size
18,944 SF
Total Parking Spaces
50
Lot size
3.67 Acres
Taxes and HOA fees
Annual Taxes
$5,239
Amenities
No
Public
2.0
50.0
18944.0
Building Details
Building Size
18,944 SF
Stories
1
Listed By:
Neil (Tony) Mason
(614) 660-5959
Source:
Movenowohio
Added: Mar 27
Changed: Oct 5
Last Checked: Oct 7 at 8:38AM
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 Neil (Tony) Mason
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two fully equipped commercial properties with a dedicated storefront are available. The industrial facility, situated on 3.67 acres in Logan, Ohio, offers 18,944 sq. ft. of versatile workspace. It is tailored for precision welding, metal sales, CNC machining operations, and lumberyard use. The property features spacious welding bays, a CNC machining area, and office space for administrative operations. Multiple overhead doors provide access, and ample parking is available for trucks. Secure storage is provided for raw materials and finished products. The location offers easy access to major highways and distribution routes, making it suitable for manufacturing, fabrication, or a custom metalwork business, as well as metal and lumber needs. This turnkey facility is ready to power your business forward.
Key Highlights
- Turnkey industrial facility with 18,944 sq. ft. of versatile workspace suitable for precision welding, metal sales, CNC machining, and lumberyard operations.
- Strategically located in Logan, Ohio, on 3.67 acres with easy access to major highways and distribution routes.
- Includes dedicated storefront and office space for administrative operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,108
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,402,160
$4.4M
Cap Rate 7%
$3,144,400
$3.1M
Cap Rate 9%
$2,445,644
$2.4M
Market Conditions
NOI Build-Up for 18,944 SF
Gross rent
$413.7K $21.84/SF
− Vacancy
−$99.3K −$5.24/SF
EGI
$314.4K $16.60/SF
− OpEx
−$94.3K −$4.98/SF
NOI
$220.1K $11.62/SF
Area
Hocking County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,402,160
Cap Rate 7%
$3,144,400
Cap Rate 9%
$2,445,644
Alternative Uses
Best Use
Industrial
$3.14M
$2.75M – $3.67M
NOI $220,108 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.82M
$3.34M – $4.45M
NOI $267,274 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 43138, OH
18,445
Population
8,457
Households
2.2
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
175.8 sq mi
ZIP Area
105
Density / Sq Mi
$65,028
Median Household Income
$37,920
Median Earnings
$766
Median Rent
$169,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Two commercial properties tailored for welding, machining, metal, and lumber.
Where is this manufacturing property located?
The property is located at 37062 Hocking Drive Logan Logan, OH.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Turnkey industrial facility with **18,944 sq. ft. of versatile workspace** suitable for precision welding, metal sales, CNC machining, and lumberyard operations.; Strategically located in Logan, Ohio, on 3.67 acres with easy access to major highways and distribution routes.; Includes dedicated storefront and office space for administrative operations.
