Industrial Building with Outside
6979 Wales Rd Northwood, OH 43619
6979 Wales Rd, Northwood, OH, 43619
$500,000
For Sale
$500,000
Industrial building offers 16' clear height, a drive-in door, and available outside storage across 1.1 acres.
Property Size5,000 SF
Lot Size1.10 Acres
Price / SF$100
Days on Market8
Property Features for 6979 Wales Rd
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 1.10 Acres
- Property subtype
- industrial
Properties For Sale
at 6979 Wales Rd Contact us
Listing agency
Columbus
(614) 460-4483
Listed by
Matthew Collins · License #SAL.2022007632
(614) 460-4483
Source
Property.jll
Added: Jul 16 Updated: Jul 22 at 8:47PM Checked: Jul 22 at 8:47PM
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 Columbus
Investment Insights
Based on property information with market context.
This 5,000 SF industrial building is available for sale and lease and includes updated office areas. Improvements include new carpet and paint, along with shop area features such as air lines. The layout also supports outside storage, which can be useful for inventory staging or equipment needs.
The property is situated on 1.1 acres at 6979 Wales Rd in Northwood, OH. The facility includes a clear height of 16' and one drive-in door for loading and operations.
For practical use, the combination of office updates, shop functionality, and outside storage makes the building well-suited for industrial tenants seeking both indoor work space and additional outdoor capacity.
The property is situated on 1.1 acres at 6979 Wales Rd in Northwood, OH. The facility includes a clear height of 16' and one drive-in door for loading and operations.
For practical use, the combination of office updates, shop functionality, and outside storage makes the building well-suited for industrial tenants seeking both indoor work space and additional outdoor capacity.
Key Highlights
- 5,000 SF industrial building available for sale or lease at 6979 Wales Rd.
- 16' clear height with 1 drive‑in door for straightforward loading and operations.
- Updated office areas with new carpet and paint.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $9.48 |
| − Vacancy | −$3.9k | −$0.79 |
| EGI | $43.5k | $8.69 |
| − OpEx | −$6.5k | −$1.30 |
| NOI | $36.9k | $7.39 |
5,000 SF · lease $9.48/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$527.8K
$461.8K – $615.8K
NOI $36,946 @ 7.0% cap · market cap 7.39%
Second Best
Industrial
$441.3K
$386.1K – $514.9K
NOI $30,891 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,523 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial building offers 16' clear height, a drive-in door, and available outside storage across 1.1 acres.
Where is this flex space located?
The property is located at 6979 Wales Rd Northwood, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5,000 SF industrial building available for sale or lease at 6979 Wales Rd.; 16' clear height with 1 drive‑in door for straightforward loading and operations.; Updated office areas with new carpet and paint.
