Remodeled Warehouse with Drive-In
For Sale
$1,649,000
4171 State Route 14, Ravenna, OH 44266
Remodeled warehouse configuration includes private restrooms, upgraded building systems, and drive-in access.
Property Size19,872 SF
Price / SF$82.98
Days on Market29
Property Features for 4171 State Route 14
General Information
Standard status
Active
Size
19,872 SF
Building Details
Year Built
1950
Listing Agency:
Jack Kohl Realty
(330) 296-9997
Listed By:
Ryan Poland · License #2013004630
Source:
Theacclaimedrealty
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 25 at 5:36AM
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 Jack Kohl Realty
Investment Insights
Based on property information with market context.
The warehouse property at 4171 State Route 14 includes approximately 19,200 square feet arranged across three units of approximately 6,400 square feet each. Two units have 3-phase power rated at 480A, 120/208, with additional 3-phase drops. Building improvements include a new roof, drains, electrical and plumbing systems, metal wall and ceiling skirting, overhead and man doors, and Reznor propane heaters. The facility also provides 13-foot ceilings, 6-inch concrete floors, private restrooms, and four 12-foot by 16-foot overhead drive-in doors.
A separate 672-square-foot office area adds two private offices and a restroom. An exterior 24-foot by 12-foot concrete pad is also included. The back unit may accommodate added 3-phase power at the tenant’s expense. The property is near major highways and roadways and was originally built in 1950.
A separate 672-square-foot office area adds two private offices and a restroom. An exterior 24-foot by 12-foot concrete pad is also included. The back unit may accommodate added 3-phase power at the tenant’s expense. The property is near major highways and roadways and was originally built in 1950.
Key Highlights
- Approximately 19,200 sq. ft. warehouse arranged as three approximately 6,400 sq. ft. units
- Four 12 ft. x 16 ft. overhead drive‑in doors
- 13 ft. ceiling height with 6 inch concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,848
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,896,960
$1.9M
Cap Rate 7%
$1,354,971
$1.4M
Cap Rate 9%
$1,053,867
$1.1M
Market Conditions
NOI Build-Up for 19,872 SF
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.
Gross rent
$118.8K $5.98/SF
− Vacancy
−$7.2K −$0.36/SF
EGI
$111.6K $5.62/SF
− OpEx
−$16.7K −$0.84/SF
NOI
$94.8K $4.77/SF
Area
Portage County, OH
Vacancy
6.10%
Lease Rate
$5.98 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,896,960
Cap Rate 7%
$1,354,971
Cap Rate 9%
$1,053,867
Alternative Uses
Best Use
Warehouse
$1.35M
$1.19M – $1.58M
NOI $94,848 @ 7.0% cap · market cap 5.75%
Second Best
Industrial
$1.12M
$976.4K – $1.30M
NOI $78,110 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,191 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44266, OH
32,606
Population
15,036
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
91.9 sq mi
ZIP Area
355
Density / Sq Mi
$61,211
Median Household Income
$40,068
Median Earnings
$904
Median Rent
$159,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Rentals of America — 4136 OH-14, Ravenna, OH 44266
Frequently Asked Questions
What type of property is this?
Warehouse - Remodeled warehouse configuration includes private restrooms, upgraded building systems, and drive-in access.
Where is this warehouse located?
The property is located at 4171 State Route 14 Ravenna, OH.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Approximately 19,200 sq. ft. warehouse arranged as three approximately 6,400 sq. ft. units; Four 12 ft. x 16 ft. overhead drive‑in doors; 13 ft. ceiling height with 6 inch concrete floors
