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    Versatile Commercial Space in Millersburg Title is generated by Realmo AI

    6470 Township Road 310, Millersburg, OH 44654

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    For Lease
    $4,500/Mo $4 SF/Yr (calc)

    COMMERCIAL - Millersburg, OH

    Property size:
    12,000 SF
    Lot size:
    3.14 Acres
    Added:
    May 8, 2026
    Days on Market:
    4
    Last Refresh:
    May 11 at 3:06 pm

    Property Features for 6470 Township Road 310

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Driveway, Garage
    Standard status
    Active
    APN
    01-00010.016
    Size
    12,000 SF
    Lot size
    3.14 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas
    Water source
    Well

    Building Details

    Year built
    2000
    Roof type
    Metal

    We can help!

    Listing Contact
    James J Mast

    Listing agent James J Mast License #2023000439

    Listing office Kaufman Realty & Auction, LLC. 224 Fair Avenue NW, OH

    Listing date May 8, 2026

    MLS# 5208476

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 12,000 sq ft of versatile building space on 3.138 acres suitable for industrial, manufacturing, or storage.
    • Building #2 features in‑floor heating and seven 12' x 16' overhead garage doors.
    • Infrastructure already in place to support a wide range of operations.
    • Building #1 (60' x 80') includes a dedicated engine room and natural gas utilities.
    • Two‑story 16' x 24' office and lunchroom area attached to Building #1.
    • Building #3 offers an additional 24' x 60' of space with an 8‑foot overhang.

    Overview

    This commercial property in Millersburg, OH, offers an expansive 3.138-acre lot with over 12,000 square feet of versatile building space, suitable for industrial, manufacturing, or storage purposes. Building #1 measures 60' x 80' and includes a dedicated engine room and natural gas utilities. Attached is a two-story 16' x 24' office and lunchroom area. Building #2 spans 152' x 32' and features an 8-foot canopy, in-floor heating, and an inverter system. Seven 12' x 16' overhead garage doors provide access for equipment storage, vehicle access, or workshop use. Building #3 offers an additional 24' x 60' of space with an 8-foot overhang, providing covered storage. The property is located at 6470 Township Road 310, Millersburg, OH 44654.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Hotel & Motel Electronics & Wireless Store Garden Center Bakery Bed & Breakfast Travel Agency Pet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millersburg
    County
    Holmes
    State
    Ohio
    Longitude
    -81.859001
    Latitude
    40.542295

    Nearby Similar for Lease

    • $3,000/Mo

      Visible Office Space for Lease

      Office space with high visibility and flexible layout options.
      7400 State Route 515, Millersburg, OH 44654
      View Details
    • $4,500/Mo

      Millersburg Commercial Space For Lease

      Commercial space ideal for industrial or manufacturing use.
      3510 State Route 39, Millersburg, OH 44654
      View Details
    • $3,900/Mo

      Commercial Property on State Route

      Commercial property for rent located on State Route 515.
      7400 State Route 515, Millersburg, OH 44654
      View Details

    FAQs

    What type of property is this?
    Flex space - 3.138-acre property with over 12,000 sqft of versatile space.
    Where is this flex space located?
    The property is located at 6470 Township Road 310 Millersburg, OH.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: Over 12,000 sq ft of versatile building space on 3.138 acres suitable for industrial, manufacturing, or storage.; Building #2 features in‑floor heating and seven 12' x 16' overhead garage doors.; Infrastructure already in place to support a wide range of operations.
    (330) 466-2594
    We can help!
    Listing Contact
    James J Mast
    Real Estate License ID: 2023000439
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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