Warehouse
For Sale
$1,625,000
4699 Loomis Parkway, Ravenna, OH 44266
Warehouse property for sale in Portage County with access from Loomis Parkway.
Property Size19,630 SF
Days on Market101
Property Features for 4699 Loomis Parkway
General Information
Standard status
Active
Size
19,630 SF
Zoning
Industrial
Taxes and HOA fees
Annual Taxes
$17,370
Amenities
LoadingDock, Lunchroom, MeetingRooms, OverheadDoors, PrivateRestrooms, Signs, Storage
Radiant
Storage
Chain Link
Asphalt, Direct Access, Garage, Garage Door Opener, On Site, Parking Lot
Building Details
Building Size
19,630 SF
Year Built
2000
Buildings
1
Stories
2
Listing Agency:
Jack Kohl Realty
Listed By:
Ryan Poland · License #2013004630
(330) 931-1403
Source:
Evrealestate
Added: May 28
Changed: Sep 2
Last Checked: Sep 5 at 3:36AM
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.
Warehouse property offered for sale at 4699 Loomis Parkway in Ravenna, OH (Portage County). The listing provides driving directions via SR 88 to Loomis Parkway.
From SR 88, travel east on Loomis Parkway. The property is located on the left (north) side of Loomis Parkway, providing straightforward access for vehicles approaching from either direction along the corridor.
From SR 88, travel east on Loomis Parkway. The property is located on the left (north) side of Loomis Parkway, providing straightforward access for vehicles approaching from either direction along the corridor.
Key Highlights
- Warehouse property with access from Loomis Parkway (SR 88 to Loomis Pkwy; property on left/north side of road).
- Year built: 2000.
- Heating: radiant; cooling: none reported.
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
$93,693
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
5.77%
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%
$1,873,860
$1.9M
Cap Rate 7%
$1,338,471
$1.3M
Cap Rate 9%
$1,041,033
$1.0M
Market Conditions
NOI Build-Up for 19,630 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
$117.4K $5.98/SF
− Vacancy
−$7.2K −$0.36/SF
EGI
$110.2K $5.62/SF
− OpEx
−$16.5K −$0.84/SF
NOI
$93.7K $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%
$1,873,860
Cap Rate 7%
$1,338,471
Cap Rate 9%
$1,041,033
Alternative Uses
Best Use
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,693 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M
NOI $276,779 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
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
- Ravenna Storage — 950 N Freedom St, Ravenna, OH 44266
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property for sale in Portage County with access from Loomis Parkway.
Where is this warehouse located?
The property is located at 4699 Loomis Parkway Ravenna, OH.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Warehouse property with access from Loomis Parkway (SR 88 to Loomis Pkwy; property on left/north side of road).; Year built: 2000.; Heating: radiant; cooling: none reported.
