Brick Flex Building with
For Sale
$425,000
513 Fremont Rd, Port Clinton, OH 43452
The property has commercial zoning, off-street parking, and rear alley access.
Property Size5,200 SF
Price / SF$81.73
Days on Market10
Property Features for 513 Fremont Rd
General Information
Standard status
Active
Size
5,200 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
3,552 SF
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$1,592
Building Details
Buildings
1
Building Size
5,200 SF
Construction
brick
Listing Agency:
KW Greater Cleveland Northeast
(216) 280-7035
Listed By:
Jeffrey Brower · License #2016005386
(216) 280-7035
Source:
Exprealty
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 9 at 3:03PM
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 KW Greater Cleveland Northeast
Investment Insights
Based on property information with market context.
This 5,200-square-foot flex building is constructed of brick and is currently configured for indoor storage. The main area measures 74'x48' with 14' of clearance to the bottom of the ceiling trusses, plus a 24'x34' loft. Additional enclosed areas include two 12'x10' lockers, one with its own loft, and an 18'x20' room near the rear man door. A 14-foot-wide by 12-foot-tall overhead door provides rear loading access. Electric service is active for lighting and ceiling fans, while water, sewer, and gas are connected but have not been used in many years.
The building fronts Fremont Road in Port Clinton, adjacent to the local high school football field and track. It includes off-street parking and rear alley access, with downtown Port Clinton and the Jet Express ferry nearby. Sandusky and Cedar Point are approximately 30 minutes away, while Catawba, Marblehead, and East Harbor State Park & Beach are approximately 15 minutes away.
The building fronts Fremont Road in Port Clinton, adjacent to the local high school football field and track. It includes off-street parking and rear alley access, with downtown Port Clinton and the Jet Express ferry nearby. Sandusky and Cedar Point are approximately 30 minutes away, while Catawba, Marblehead, and East Harbor State Park & Beach are approximately 15 minutes away.
Key Highlights
- 5,200‑square‑foot brick flex building on owned land
- Main storage area measures 74'x48' with 14' height to the bottom of the ceiling trusses
- 24'x34' loft plus two 12'x10' lockers and an 18'x20' enclosed area
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
$25,947
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
6.11%
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%
$518,940
$518.9K
Cap Rate 7%
$370,671
$370.7K
Cap Rate 9%
$288,300
$288.3K
Market Conditions
NOI Build-Up for 5,200 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
$33.3K $6.41/SF
− Vacancy
−$2.8K −$0.54/SF
EGI
$30.5K $5.87/SF
− OpEx
−$4.6K −$0.88/SF
NOI
$25.9K $4.99/SF
Area
Ottawa 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%
$518,940
Cap Rate 7%
$370,671
Cap Rate 9%
$288,300
Alternative Uses
Best Use
Warehouse
$370.7K
$324.3K – $432.5K
NOI $25,947 @ 7.0% cap · market cap 6.11%
Second Best
Industrial
$305.3K
$267.1K – $356.1K
NOI $21,368 @ 7.0% cap · market cap 5.03%
Theoretical Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,721 @ 7.0% cap · market cap 30.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43452, OH
13,443
Population
10,859
Households
1.2
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
46.2 sq mi
ZIP Area
291
Density / Sq Mi
$63,815
Median Household Income
$43,782
Median Earnings
$937
Median Rent
$206,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- OPIE'S BBQ — 424 W 6th St, Port Clinton, OH 43452
Frequently Asked Questions
What type of property is this?
Flex space - The property has commercial zoning, off-street parking, and rear alley access.
Where is this flex space located?
The property is located at 513 Fremont Rd Port Clinton, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5,200‑square‑foot brick flex building on owned land; Main storage area measures 74'x48' with 14' height to the bottom of the ceiling trusses; 24'x34' loft plus two 12'x10' lockers and an 18'x20' enclosed area
