Building Details

Building Size 3,936 SF

Year Built 1971

Buildings 1

Stories 1

Listing Agency: Show Phone

Listed By: Patrick Lucey

Source: Karenullomrealty

Added: Oct 21 Changed: Oct 31 Last Checked: Nov 4 at 8:16AM

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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 Patrick Lucey

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The 0.64-acre property contains a light industrial building with more than 3,000 square feet of open shop space. The front area includes two private offices, a break room, and a bathroom; a second bathroom is located in the shop. A 10 x 18-foot overhead door provides drive-in access. The office and bathrooms have central air, and the building has three furnaces. Electrical service includes 480, 220, and 110 volts. The roof is approximately 8 years old, and the property uses a well and septic system.

A gravel parking area accommodates 10 cars. The property is zoned Industrial - Light and is located in New Middletown, Ohio. Manufacturing equipment may be negotiated separately.

Key Highlights

• 0.64‑acre property with more than 3,000 square feet of open light industrial space
• 10 x 18 overhead door provides drive‑in access
• Two private offices, break room, and two bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,174

Cap Rate

6.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$323,480 $323.5K

Cap Rate 7%

$231,057 $231.1K

Cap Rate 9%

$179,711 $179.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,936 SF

Gross rent

$25.2K $6.41/SF

− Vacancy

−$2.1K −$0.54/SF

EGI

$23.1K $5.87/SF

− OpEx

−$6.9K −$1.76/SF

NOI

$16.2K $4.11/SF

Area

Mahoning County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$323,480

Cap Rate 7%

$231,057

Cap Rate 9%

$179,711

Alternative Uses

Best Use

Industrial

$231.1K

$202.2K – $269.6K (±1% cap)

NOI $16,174 @ 7.0% cap · market cap 6.88%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$742.8K

$649.9K – $866.6K (±1% cap)

NOI $51,993 @ 7.0% cap · market cap 22.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Paragon Plastics Inc Factory

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Restaurant Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

64

Businesses Nearby

Explore this area Business Placement

Demographics for 44442, OH

4,095

Population

1,704

Households

2.4

Avg Household Size

49

Median Age

30%

College-Educated

95%

High-School Grad

9.0 sq mi

ZIP Area

455

Density / Sq Mi

$54,432

Median Household Income

$35,167

Median Earnings

$742

Median Rent

$172,700

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

Frequently Asked Questions

What type of property is this?

Manufacturing property - The layout combines front offices and break-room space with a large open shop area.

Where is this manufacturing property located?

The property is located at 5551 E Calla Road New Middletown, OH.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: 0.64‑acre property with more than 3,000 square feet of open light industrial space; 10 x 18 overhead door provides drive‑in access; Two private offices, break room, and two bathrooms