Flex Building with Overhead
423 N Main Street Findlay, OH 45840
423 N Main Street, Findlay, OH, 45840
$360,000
For Sale
$360,000
Versatile warehouse, retail, and office space with rear-alley loading and up to three restrooms, plus recent HVAC and roof improvements.
Property Size6,554 SF
Price / SF$54.93
Days on Market108
Property Features for 423 N Main Street
General Information
- Standard status
- Active
- Size
- 6,554 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1908
Listing agency
BHHS Koehler Realty
(419) 422-4082
Listed by
James Koehler
(419) 422-4082
Source
Xome
Added: Apr 6 Updated: Jul 22 at 4:21AM Checked: Jul 22 at 4:21AM
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 BHHS Koehler Realty
Investment Insights
Based on property information with market context.
This flexible commercial building combines warehouse, retail, and office space under one roof, with a layout designed to support both operations and customer-facing activity. The warehouse component includes a 10' x 10' double-wide overhead door positioned for loading and unloading from the rear alley, and the property offers up to three restrooms. Recent improvements include a metal roof installed in 2017, updated hanging furnaces in the warehouse and rear space, and a new HVAC system serving the retail area installed in 2024.
The property is presented for sale and includes convenient access and ample street parking, with additional nearby parking intended to support day-to-day operations and customer visits. The configuration is adaptable for either multi-tenant occupancy or a single-user setup.
Overall, the building’s mix of warehouse, retail, and office space and its rear loading capability make it well-suited for distribution, service, showroom, or light industrial uses.
The property is presented for sale and includes convenient access and ample street parking, with additional nearby parking intended to support day-to-day operations and customer visits. The configuration is adaptable for either multi-tenant occupancy or a single-user setup.
Overall, the building’s mix of warehouse, retail, and office space and its rear loading capability make it well-suited for distribution, service, showroom, or light industrial uses.
Key Highlights
- 6,554 SF building with a flexible layout for warehouse, retail, and office use under one roof
- Rear alley loading with a 10' x 10' double‑wide overhead door
- Up to three restrooms plus central air cooling
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 | $42.0k | $6.41 |
| − Vacancy | −$3.5k | −$0.54 |
| EGI | $38.5k | $5.87 |
| − OpEx | −$5.8k | −$0.88 |
| NOI | $32.7k | $4.99 |
6,554 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Office B
$896.6K
$784.5K – $1.05M
NOI $62,761 @ 7.0% cap · market cap 17.43%
Second Best
Warehouse
$467.2K
$408.8K – $545.1K
NOI $32,703 @ 7.0% cap · market cap 9.08%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,967 @ 7.0% cap · market cap 35.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Clearwater Pool And Spa/Joe's ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Legends Catering — 411 S Main St, Findlay, OH 45840
- Kevin's Kajunette — 529 N Main St, Findlay, OH 45840
FAQs
What type of property is this?
Flex space - Versatile warehouse, retail, and office space with rear-alley loading and up to three restrooms, plus recent HVAC and roof improvements.
Where is this flex space located?
The property is located at 423 N Main Street Findlay, OH.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 6,554 SF building with a flexible layout for warehouse, retail, and office use under one roof; Rear alley loading with a 10' x 10' double‑wide overhead door; Up to three restrooms plus central air cooling
