Stand-Alone Industrial
70 Industrial St Rittman, OH 44270
New
70 Industrial St, Rittman, OH, 44270
$465,000
For Sale
$465,000
Stand-alone industrial building with dock door access, updated roof, and office space, plus parking and heavy power.
Property Size8,560 SF
Price / SF$54.32
Days on Market5
Property Features for 70 Industrial St
General Information
- Standard status
- Active
- Size
- 8,560 SF
- Property subtype
- Industrial
Listing Agency
Hoff & Leigh
(330) 714-1145
Listed by
Chad Whitmer · License #SAL.2015004596
(330) 714-1145
Source
Hoffleigh
Added: Jul 15 Checked: Jul 19 at 1:41 am
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
This stand-alone industrial building is suited for manufacturing and contractor trades, with a dock door for receiving and updated roof. The property also includes office space and parking to support on-site operations. Heavy power is available for equipment-driven uses.
The building is located across the street from Morton Salt on Industrial Street, with quick access to I-76.
Lease options will also be considered, providing flexibility for qualified tenants or occupants.
The building is located across the street from Morton Salt on Industrial Street, with quick access to I-76.
Lease options will also be considered, providing flexibility for qualified tenants or occupants.
Key Highlights
- Stand‑alone industrial building on Industrial Street, across the street from Morton Salt
- Dock door access for industrial loading and receiving
- Updated roof
Local Financial Insights For Industrial
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 | $54.9k | $6.41 |
| − Vacancy | −$4.6k | −$0.54 |
| EGI | $50.2k | $5.87 |
| − OpEx | −$15.1k | −$1.76 |
| NOI | $35.2k | $4.11 |
8,560 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Industrial
$502.5K
$439.7K – $586.3K
NOI $35,175 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.26M
$5.47M – $7.30M
NOI $437,942 @ 7.0% cap · market cap 94.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Stand-alone industrial building with dock door access, updated roof, and office space, plus parking and heavy power.
Where is this manufacturing property located?
The property is located at 70 Industrial St Rittman, OH.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Stand‑alone industrial building on Industrial Street, across the street from Morton Salt; Dock door access for industrial loading and receiving; Updated roof
