Industrial Warehouse with Multiple
For Sale
Contact for pricing
61000 LEYSHON DR, Byesville, OH 43723
Right-sized warehouse with four drive-in access, 3-phase power, refrigeration infrastructure, and ample parking for logistics and service uses.
Property Size5,832 SF
Lot Size2.32 Acres
Price / SF$55.73
Days on Market51
Property Features for 61000 LEYSHON DR
General Information
Standard status
Active
Size
5,832 SF
Total Parking Spaces
28
Lot size
2.32 Acres
Property subtype
Retail, Industrial
Warehouse & Industrial
Drive-In Doors
4
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Buildings
1
Stories
1
Units
1
Listing Agency:
Senior Advisor l eXp Commercial Mentor
(216) 926-8481
Listed By:
Michelle Angeny · License #2017001547
Source:
Crexi
Added: Jul 3
Changed: Aug 14
Last Checked: Aug 21 at 10:29AM
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 Senior Advisor l eXp Commercial Mentor
Investment Insights
Based on property information with market context.
61000 Leyshon Drive is a 5,832 SF industrial warehouse on 2.32 acres in Byesville, Ohio, designed around a flexible four-drive-in layout. The building is supported by active 3-phase power and includes refrigeration infrastructure, making it suitable for cold-storage or food-distribution operations where applicable. The site also offers 28 parking spaces. For added site versatility, the property spans four contiguous parcels, which can support practical needs for parking, access, and future planning.
Access is geared toward regional distribution, with the property described as a quick drive to I-77 and I-70 routes. Rail access is approximately 3.9 miles from the site, adding another option for users that plan around intermodal or rail-served supply chains.
This property is a straightforward fit for an owner-operator or contractor/service business looking for functional industrial space with driving access. It may also work well for fleet and equipment-related users or an equipment/warehouse operator needing convenient on-site movement. For buyers evaluating food service, cold-storage, or food distribution, the existing refrigeration infrastructure may support reuse. The building may also be evaluated for dry warehouse use, with seller-side guidance referenced for buyers considering freezer removal or repurposing toward dry warehouse operations.
Access is geared toward regional distribution, with the property described as a quick drive to I-77 and I-70 routes. Rail access is approximately 3.9 miles from the site, adding another option for users that plan around intermodal or rail-served supply chains.
This property is a straightforward fit for an owner-operator or contractor/service business looking for functional industrial space with driving access. It may also work well for fleet and equipment-related users or an equipment/warehouse operator needing convenient on-site movement. For buyers evaluating food service, cold-storage, or food distribution, the existing refrigeration infrastructure may support reuse. The building may also be evaluated for dry warehouse use, with seller-side guidance referenced for buyers considering freezer removal or repurposing toward dry warehouse operations.
Key Highlights
- Right‑sized industrial warehouse built in 1983 with 5,832 SF on 2.32 acres in Byesville, Ohio
- Flexible four‑drive‑in layout with active 3‑phase power
- Refrigeration infrastructure in place, potentially suitable for cold‑storage or food‑distribution use
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
$29,100
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
8.95%
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%
$582,000
$582.0K
Cap Rate 7%
$415,714
$415.7K
Cap Rate 9%
$323,333
$323.3K
Market Conditions
NOI Build-Up for 5,832 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
$37.4K $6.41/SF
− Vacancy
−$3.1K −$0.54/SF
EGI
$34.2K $5.87/SF
− OpEx
−$5.1K −$0.88/SF
NOI
$29.1K $4.99/SF
Area
Guernsey 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%
$582,000
Cap Rate 7%
$415,714
Cap Rate 9%
$323,333
Alternative Uses
Best Use
Warehouse
$415.7K
$363.8K – $485.0K
NOI $29,100 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.36M
$1.19M – $1.58M
NOI $94,892 @ 7.0% cap · market cap 29.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43723, OH
4,671
Population
2,179
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
86%
High-School Grad
15.7 sq mi
ZIP Area
298
Density / Sq Mi
$48,656
Median Household Income
$30,500
Median Earnings
$747
Median Rent
$108,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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- Right Way Rentals — 60201 Southgate Rd, Byesville, OH 43723
Frequently Asked Questions
What type of property is this?
Warehouse - Right-sized warehouse with four drive-in access, 3-phase power, refrigeration infrastructure, and ample parking for logistics and service uses.
Where is this warehouse located?
The property is located at 61000 LEYSHON DR Byesville, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Right‑sized industrial warehouse built in 1983 with 5,832 SF on 2.32 acres in Byesville, Ohio; Flexible four‑drive‑in layout with active 3‑phase power; Refrigeration infrastructure in place, potentially suitable for cold‑storage or food‑distribution use
