Shop and Live-Work
3918 Venice Road Sandusky Sandusky, OH 44870
3918 Venice Road Sandusky, Sandusky, OH, 44870
$399,000
For Sale
$399,000
Includes a 1,400 sq ft shop with multiple overhead doors and a main house plus four rental units on nearly 3 acres.
Property Size1,512 SF
Lot Size3.00 Acres
Price / SF$263.89
Days on Market13
Property Features for 3918 Venice Road Sandusky
General Information
- Standard status
- Active
- Size
- 1,512 SF
- Lot size
- 3.00 Acres
Building Details
- Year Built
- 2000
Listing agency
(330) 472-2967
Listed by
Christina Moretti
(330) 472-2967
Source
Christinamoretti.exprealty
Added: Jul 10 Updated: Jul 21 at 9:56PM Checked: Jul 21 at 9:56PM
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 Christina Moretti
Investment Insights
Based on property information with market context.
This live-work property includes a 1,400 sq ft shop along with a main house and four front one-room rental units. The main house was planted in 2000 and is described as having a brand-new roof and skylights installed in 2026, along with new carpet throughout. The four rental units are described as formerly hotel rooms and are reported to need renovation before use.
The shop features three overhead doors and measures 54' x 26', with an additional bay that has a taller door suited for a boat or RV. For additional storage, the property also includes two more outbuildings. All components are situated on nearly 3 acres and are offered for sale together as a single commercial property.
The shop features three overhead doors and measures 54' x 26', with an additional bay that has a taller door suited for a boat or RV. For additional storage, the property also includes two more outbuildings. All components are situated on nearly 3 acres and are offered for sale together as a single commercial property.
Key Highlights
- Includes a 1,400 sq ft shop/pole barn with 3 overhead doors plus an additional taller door
- Pole barn dimensions are 54' x 26', with extra outbuildings for storage
- Main house was built in 2000
Local Financial Insights For Office B
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 | $32.5k | $21.48 |
| − Vacancy | −$7.5k | −$4.94 |
| EGI | $25.0k | $16.54 |
| − OpEx | −$6.3k | −$4.13 |
| NOI | $18.8k | $12.40 |
1,512 SF · lease $21.48/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$16.64M
$14.56M – $19.41M
NOI $1,164,758 @ 7.0% cap · market cap 291.92%
Second Best
Apartment 5plus
$14.50M
$12.69M – $16.91M
NOI $1,014,813 @ 7.0% cap · market cap 254.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Includes a 1,400 sq ft shop with multiple overhead doors and a main house plus four rental units on nearly 3 acres.
Where is this live-work space located?
The property is located at 3918 Venice Road Sandusky Sandusky, OH.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Includes a 1,400 sq ft shop/pole barn with 3 overhead doors plus an additional taller door; Pole barn dimensions are 54' x 26', with extra outbuildings for storage; Main house was built in 2000
