Building Details

Year Built 1948

Stories 1

Listing Agency: The Property Collective Show Phone

Listed By: Cheryl Sterling Show Phone

Source: Koehlerrealty

Added: Oct 29 Last Checked: Oct 29 at 2:37PM

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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 The Property Collective

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Investment Insights

Based on property information with market context.

This 3,000-square-foot flex property combines warehouse and office space. The warehouse has 12-foot ceilings, a 9-foot overhead door, a half bath, a compact office area, and storage. Two distinct areas make up the attached office, which includes a kitchen, full bath with shower, built-in storage, carpet and tile flooring, crown molding, and some newer windows.

The building sits on a 0.18-acre parcel in a residential setting and was built in 1948. A large driveway provides on-site parking. Zoning is R2.

Key Highlights

• 3,000 square feet of combined warehouse and office space
• Warehouse features 12‑foot ceilings and a 9‑foot overhead door
• Two attached office areas include a kitchen and full bath with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,969

Cap Rate

5.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$299,380 $299.4K

Cap Rate 7%

$213,843 $213.8K

Cap Rate 9%

$166,322 $166.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$19.2K $6.41/SF

− Vacancy

−$1.6K −$0.54/SF

EGI

$17.6K $5.87/SF

− OpEx

−$2.6K −$0.88/SF

NOI

$15.0K $4.99/SF

Area

Hancock 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 Rate 5%

$299,380

Cap Rate 7%

$213,843

Cap Rate 9%

$166,322

Alternative Uses

Best Use

Warehouse

$213.8K

$187.1K – $249.5K (±1% cap)

NOI $14,969 @ 7.0% cap · market cap 5.99%

Second Best

Industrial

$176.1K

$154.1K – $205.5K (±1% cap)

NOI $12,328 @ 7.0% cap · market cap 4.93%

Theoretical Best

Specialty Retail

$836.8K

$732.2K – $976.3K (±1% cap)

NOI $58,575 @ 7.0% cap · market cap 23.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bmg Services, Llc General Contractor

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic Electrical Service Parking Lot & Garage Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12 ft

Clear height

Location Intelligence

Trade Area within ½ mile

357

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45840, OH

54,901

Population

25,396

Households

2.2

Avg Household Size

40

Median Age

33%

College-Educated

95%

High-School Grad

166.5 sq mi

ZIP Area

330

Density / Sq Mi

$64,076

Median Household Income

$42,546

Median Earnings

$934

Median Rent

$203,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Attached office areas feature a kitchen, shower bath, and built-in storage.

Where is this flex space located?

The property is located at 708 Milton Street Findlay, OH.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: 3,000 square feet of combined warehouse and office space; Warehouse features 12‑foot ceilings and a 9‑foot overhead door; Two attached office areas include a kitchen and full bath with shower