Building Details

Year Built 1992

Listing Agency: Keller Williams Legacy Group Realty

Listed By: Bethanie J Peters Show Phone

Source: Groganzeiger

Added: May 9 Changed: Oct 2 Last Checked: Oct 7 at 2:35PM

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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 Keller Williams Legacy Group Realty

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Investment Insights

Based on property information with market context.

This for-lease industrial manufacturing property is located at 3822 Victory Avenue in Louisville, Ohio, within Stark County.

Access is described via St Rt 153, going west of Broadway Ave to the property. The offering is identified as an industrial/commercial real estate asset suitable for manufacturing or related industrial uses, based on the stated property type classification.

Additional building details such as unit layout, clear height, and specific improvements were not provided in the available information, so interested parties should confirm all operational and configuration requirements directly with the listing broker.

Key Highlights

• Industrial manufacturing space available for lease in Stark County, Ohio
• Year built: 1992
• Central air cooling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,772

Cap Rate

4.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$655,440 $655.4K

Cap Rate 7%

$468,171 $468.2K

Cap Rate 9%

$364,133 $364.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,700 SF

Gross rent

$47.6K $4.91/SF

− Vacancy

−$810 −$0.08/SF

EGI

$46.8K $4.83/SF

− OpEx

−$14.0K −$1.45/SF

NOI

$32.8K $3.38/SF

Area

Stark County, OH

Vacancy

1.70%

Lease Rate

$4.91 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$655,440

Cap Rate 7%

$468,171

Cap Rate 9%

$364,133

Alternative Uses

Best Use

Industrial

$468.2K

$409.7K – $546.2K (±1% cap)

NOI $32,772 @ 7.0% cap · market cap 4.58%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$2.53M

$2.22M – $2.95M (±1% cap)

NOI $177,280 @ 7.0% cap · market cap 24.79%

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

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

100

Businesses Nearby

Explore this area Business Placement

Demographics for 44641, OH

20,399

Population

8,412

Households

2.4

Avg Household Size

44

Median Age

25%

College-Educated

96%

High-School Grad

54.9 sq mi

ZIP Area

372

Density / Sq Mi

$78,128

Median Household Income

$42,035

Median Earnings

$834

Median Rent

$199,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Industrial manufacturing space available for lease in Stark County, Ohio.

Where is this manufacturing property located?

The property is located at 3822 Victory Ave Louisville, OH.

What is the asking price?

The asking price for this property is $715,000.

What are key features of this property?

This property features: Industrial manufacturing space available for lease in Stark County, Ohio; Year built: 1992; Central air cooling