4651 State Rd, Peninsula, OH 44264
Remodeled facility with 129 non-climate units and a 13,000 sf light industrial building for added income.
- Added:
- Mar 19, 2026
- Days on Market:
- 90
- Last Refresh:
- Jun 16 at 2:06 am
Property Features for 4651 State Rd
General Information
- Standard status
- Active
- Size
- 13,000 SF
Listing agent Thomas J Coffman License #SAL.2016000377 (330) 730-7389
Listing office RE/MAX Oasis Dream Homes (330) 730-7389
Listing date Mar 19, 2026
Source Exprealty
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 RE/MAX Oasis Dream Homes
HighLights
- Completely remodeled storage facility with 129 non‑climate‑controlled units
- Includes a 13,000 SF light industrial building
- Large building is currently rented for $6,300/month
- Storage units are currently 72% occupied
- Clean Phase 1 scheduled for April 2026
Overview
The property is located at 4651 State Rd in Peninsula, OH. The 13,000 sf light industrial building is currently being rented at $6,300 per month, and the storage units are currently reported as 72% occupied.
For buyers looking for a storage asset with an attached light industrial building, the mix of non-climate storage units and dedicated industrial space provides straightforward operating options. The current on-site income from the light industrial building, along with the existing unit occupancy level, may appeal to investors seeking a multi-component property structure built around self-storage and light industrial zoning.
Local Financial Insights For Self Storage
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 | $171.6k | $13.20 |
| − Vacancy | −$12.0k | −$0.92 |
| EGI | $159.6k | $12.28 |
| − OpEx | −$47.9k | −$3.68 |
| NOI | $111.7k | $8.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Peninsula
- County
- Summit
- State
- Ohio
- Longitude
- -81.500849
- Latitude
- 41.195886
