Versatile Commercial Property on 3.55
41410 Palmer Rd Belmont, OH 43718
41410 Palmer Rd, Belmont, OH, 43718
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For Sale
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Commercial property with three buildings, truck dock, and ample space.
Property Size11,900 SF
Lot Size3.55 Acres
Price / SF$56.72
Days on Market1115
Property Features for 41410 Palmer Rd
General Information
- Standard status
- Active
- Size
- 11,900 SF
- Lot size
- 3.55 Acres
- Property subtype
- Industrial
Listing Agency
Harvey Goodman
Listed by
Jay Goodman, CCIM · License #BRKP.2012000489
Source
Crexi
Added: Jun 29, 2023 Checked: Jul 16 at 7:37 am
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 Harvey Goodman
Investment Insights
Based on property information with market context.
This commercial property is situated on 3.55 acres and is fully fenced with a gate. The location is approximately 2.5 miles from I-70. The property includes a brick and metal building suitable for large work trucks, featuring garage doors on the front and back for drive-through access, a working/storage area, and an office/lobby area with a restroom. Additionally, there is a Quonset Hut style metal building suitable for a work area or storage, and a third Quonset style hut with a tent-like cover. The total area of all three buildings is approximately 11,900 square feet, per owner. An outside large truck dock is also present. This property is suitable for various commercial uses.
Key Highlights
- Ideal location, just 2.5 miles from I‑70.
- Expansive 3.55 acres, relatively flat and fully fenced with a gate.
- Drive‑through building: a brick and metal structure with front and back garage doors.
Local Financial Insights For Warehouse
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 | $76.3k | $6.41 |
| − Vacancy | −$6.4k | −$0.54 |
| EGI | $69.9k | $5.87 |
| − OpEx | −$10.5k | −$0.88 |
| NOI | $59.4k | $4.99 |
11,900 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$848.3K
$742.2K – $989.6K
NOI $59,378 @ 7.0% cap · market cap 8.80%
Second Best
Industrial
$698.6K
$611.2K – $815.0K
NOI $48,899 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,295 @ 7.0% cap · market cap 24.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Commercial property with three buildings, truck dock, and ample space.
Where is this flex space located?
The property is located at 41410 Palmer Rd Belmont, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Ideal location, just 2.5 miles from I‑70.; Expansive 3.55 acres, relatively flat and fully fenced with a gate.; Drive‑through building: a brick and metal structure with front and back garage doors.
