Building Details

Building Size 245,000 SF

Year Built 1998

Listed By: Matt Kovesdy · License #2016005440 (OH) Show Phone

Source: Matthews

Added: Mar 27 Changed: Oct 3 Last Checked: Oct 5 at 3:06PM

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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 Matt Kovesdy

Investment Insights

Based on property information with market context.

This commercial real estate offering features a 245,000 square foot warehouse situated in Fremont, OH. The property is located at 400 S Stone St and occupies approximately 9.88 acres. The property is under a long-term NNN lease.

Key Highlights

• Long‑Term NNN Lease
• ±9.88 Acres
• Year Built: 1998

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,006,753

Cap Rate

7.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$20,135,060 $20.1M

Cap Rate 7%

$14,382,186 $14.4M

Cap Rate 9%

$11,186,144 $11.2M

Market Conditions

NOI Build-Up for 245,000 SF

Gross rent

$1.57M $6.41/SF

− Vacancy

−$132.2K −$0.54/SF

EGI

$1.44M $5.87/SF

− OpEx

−$431.5K −$1.76/SF

NOI

$1.01M $4.11/SF

Area

Sandusky County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$20,135,060

Cap Rate 7%

$14,382,186

Cap Rate 9%

$11,186,144

Alternative Uses

Best Use

Warehouse

$17.46M

$15.28M – $20.37M (±1% cap)

NOI $1,222,485 @ 7.0% cap · market cap 9.48%

Second Best

Industrial

$14.38M

$12.58M – $16.78M (±1% cap)

NOI $1,006,753 @ 7.0% cap · market cap 7.80%

Theoretical Best

Office A

$46.23M

$40.45M – $53.94M (±1% cap)

NOI $3,236,352 @ 7.0% cap · market cap 25.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

LibertyX Bitcoin ATM Atm Little Bar On the Prairie Bar & Pub Auria Solutions - Fremont Industrial Manufacturer Pub 400 Restaurant

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Hair Salon

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

408

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43420, OH

29,332

Population

13,876

Households

2.1

Avg Household Size

43

Median Age

19%

College-Educated

94%

High-School Grad

136.3 sq mi

ZIP Area

215

Density / Sq Mi

$62,802

Median Household Income

$39,779

Median Earnings

$824

Median Rent

$142,400

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 245,000 SF warehouse on 9.88 acres, long-term NNN lease.

Where is this warehouse located?

The property is located at 400 S Stone Street Fremont, OH.

What is the asking price?

The asking price for this property is $12,900,000.

What are key features of this property?

This property features: Long‑Term NNN Lease; ±9.88 Acres; Year Built: 1998