Flex Space with Heavy
For Sale
Contact for pricing
6886 Wishart St, Huntsville, OH 43324
Versatile commercial facility combining warehouse, office, outside storage, and light manufacturing capability.
Property Size13,000 SF
Lot Size4.17 Acres
Price / SF$46.08
Days on Market622
Property Features for 6886 Wishart St
General Information
Standard status
Active
Size
13,000 SF
Lot size
4.17 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
7,000 SF
Office Build-Out
6,000 SF
Drive-In Doors
1
Heavy Power
Yes
Building Details
Buildings
1
Building Size
13,000 SF
Listing Agency:
Industrial Property Brokers
(937) 492-4423
Listed By:
Timothy Echemann
(937) 492-4423
Source:
Moodyscre
Added: Dec 17, 2024
Changed: Aug 29
Last Checked: Aug 29 at 11:36PM
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 Industrial Property Brokers
Investment Insights
Based on property information with market context.
This flex property at 6886 Wishart St. combines a 7,000-square-foot warehouse with 6,000 square feet of office space for 13,000 square feet of total improvements. The facility includes heavy power, a drive-in door, LED lighting, and furnace heating. Its 4.17 acres of hard-surface land provide room for outside storage.
The property is located in Huntsville, Ohio, with access to S.R. 33 and the freeway approximately one minute away. Zoning allows light manufacturing, supporting a range of industrial and commercial operations. The combination of warehouse, office, power, access, and usable land creates a practical flex-space configuration for an owner-user or investor.
The property is located in Huntsville, Ohio, with access to S.R. 33 and the freeway approximately one minute away. Zoning allows light manufacturing, supporting a range of industrial and commercial operations. The combination of warehouse, office, power, access, and usable land creates a practical flex-space configuration for an owner-user or investor.
Key Highlights
- 13,000 total SF comprising 7,000 SF of warehouse space and 6,000 SF of office space
- 4.17 hard surface acres with outside storage area
- Heavy power capabilities for industrial operations
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
$53,420
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
8.92%
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%
$1,068,400
$1.1M
Cap Rate 7%
$763,143
$763.1K
Cap Rate 9%
$593,556
$593.6K
Market Conditions
NOI Build-Up for 13,000 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
$83.3K $6.41/SF
− Vacancy
−$7.0K −$0.54/SF
EGI
$76.3K $5.87/SF
− OpEx
−$22.9K −$1.76/SF
NOI
$53.4K $4.11/SF
Area
Logan 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 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%
$1,068,400
Cap Rate 7%
$763,143
Cap Rate 9%
$593,556
Alternative Uses
Best Use
Office B
$2.28M
$2.00M – $2.66M
NOI $159,747 @ 7.0% cap · market cap 26.67%
Second Best
Warehouse
$926.7K
$810.8K – $1.08M
NOI $64,867 @ 7.0% cap · market cap 10.83%
Theoretical Best
Office A
$2.62M
$2.30M – $3.06M
NOI $183,693 @ 7.0% cap · market cap 30.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43324, OH
2,753
Population
1,697
Households
1.6
Avg Household Size
49
Median Age
25%
College-Educated
93%
High-School Grad
28.6 sq mi
ZIP Area
96
Density / Sq Mi
$76,875
Median Household Income
$44,350
Median Earnings
$1,021
Median Rent
$230,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combining warehouse, office, outside storage, and light manufacturing capability.
Where is this flex space located?
The property is located at 6886 Wishart St Huntsville, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 13,000 total SF comprising 7,000 SF of warehouse space and 6,000 SF of office space; 4.17 hard surface acres with outside storage area; Heavy power capabilities for industrial operations
