Building Details

Building Size 4,800 SF

Year Built 2017

Buildings 1

Listing Agency: Harvey Goodman, REALTOR s***@outlook.com Show Phone

Listed By: Samantha K Welch Show Phone

Source: Evrealestate

Added: Jun 30 Changed: Aug 22 Last Checked: Aug 22 at 4:38AM

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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 Harvey Goodman, REALTOR

Investment Insights

Based on property information with market context.

This warehouse for sale is located at 42547 Belmont-Centerville Road in Belmont, Ohio. The listing is presented as a warehouse asset, with the primary value being its purpose-built commercial utility for storage and distribution-oriented needs.

Access is supported by nearby highway connectivity. Directions indicate the property is less than 10 minutes from I-70, with travel routes via OH-149 and Belmont-Centerville Road, making it practical for operators that need straightforward regional movement.

For prospective tenants or buyers, this is a straightforward warehouse offering in Belmont County that can fit a range of light logistics, warehousing, and storage uses, subject to applicable use and permitting. Its location along Belmont-Centerville Road and close proximity to I-70 provide a practical starting point for companies prioritizing convenient highway access.

Key Highlights

• Year built 2017
• Heating: propane
• Located in Belmont, OH 43718, with access less than 10 minutes from I‑70

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

$23,951

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

4.07%

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%

$479,020 $479.0K

Cap Rate 7%

$342,157 $342.2K

Cap Rate 9%

$266,122 $266.1K

Market Conditions

NOI Build-Up for 4,800 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

$30.8K $6.41/SF

− Vacancy

−$2.6K −$0.54/SF

EGI

$28.2K $5.87/SF

− OpEx

−$4.2K −$0.88/SF

NOI

$24.0K $4.99/SF

Area

Belmont County, OH

Vacancy

8.42%

Lease Rate

$6.41 /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%

$479,020

Cap Rate 7%

$342,157

Cap Rate 9%

$266,122

Alternative Uses

Best Use

Warehouse

$342.2K

$299.4K – $399.2K (±1% cap)

NOI $23,951 @ 7.0% cap · market cap 4.07%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$941.0K

$823.3K – $1.10M (±1% cap)

NOI $65,867 @ 7.0% cap · market cap 11.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Warehouses

Suggested Use

Top Pick Pet Store & Service Electronics & Wireless Store

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

3

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43718, OH

3,049

Population

1,159

Households

2.6

Avg Household Size

45

Median Age

16%

College-Educated

95%

High-School Grad

57.5 sq mi

ZIP Area

53

Density / Sq Mi

$74,719

Median Household Income

$37,049

Median Earnings

$1,091

Median Rent

$225,600

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

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse property located in Belmont, Ohio, with convenient access less than 10 minutes from I-70.

Where is this warehouse located?

The property is located at 42547 Belmont Centerville Road Belmont, OH.

What is the asking price?

The asking price for this property is $589,000.

What are key features of this property?

This property features: Year built 2017; Heating: propane; Located in Belmont, OH 43718, with access less than 10 minutes from I‑70