Industrial Flex
For Sale
$600,000
75 Eastgate Dr, North Lima, OH 44452
Functional flex property with overhead-door access, parking, and connections to multiple regional routes.
Property Size4,200 SF
Lot Size0.61 Acres
Price / SF$142.86
Days on Market37
Property Features for 75 Eastgate Dr
General Information
Standard status
Active
Size
4,200 SF
Lot size
0.61 Acres
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Building Size
4,200 SF
Listing Agency:
RE/MAX Edge Realty
(501) 580-7891
Listed By:
Brandy Maurer · License #2024005050
Source:
Theacclaimedrealty
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 26 at 8:24AM
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 RE/MAX Edge Realty
Investment Insights
Based on property information with market context.
Located at 75 Eastgate Drive in North Lima, this flex property includes an approximately 4,200-square-foot industrial building on a 0.61-acre lot. Constructed in 2008, the building provides adaptable workspace with overhead-door access and on-site parking. The property is positioned within Beaver Township and falls within the South Range Local School District.
Transportation access includes SR-7, SR-170, I-680, and the Ohio Turnpike, with Youngstown and the Pennsylvania border nearby. The building’s configuration supports warehouse, distribution, contractor, service, and light manufacturing operations, subject to zoning. Its setting in Eastgate Industrial Park adds an established industrial context for an owner-user or commercial property investor.
Transportation access includes SR-7, SR-170, I-680, and the Ohio Turnpike, with Youngstown and the Pennsylvania border nearby. The building’s configuration supports warehouse, distribution, contractor, service, and light manufacturing operations, subject to zoning. Its setting in Eastgate Industrial Park adds an established industrial context for an owner-user or commercial property investor.
Key Highlights
- Approximately 4,200 sq. ft. industrial building
- 0.61‑acre lot in Beaver Township
- Constructed in 2008
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
$20,957
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
3.49%
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%
$419,140
$419.1K
Cap Rate 7%
$299,386
$299.4K
Cap Rate 9%
$232,856
$232.9K
Market Conditions
NOI Build-Up for 4,200 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
$26.9K $6.41/SF
− Vacancy
−$2.3K −$0.54/SF
EGI
$24.7K $5.87/SF
− OpEx
−$3.7K −$0.88/SF
NOI
$21.0K $4.99/SF
Area
Mahoning 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 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%
$419,140
Cap Rate 7%
$299,386
Cap Rate 9%
$232,856
Alternative Uses
Best Use
Warehouse
$299.4K
$262.0K – $349.3K
NOI $20,957 @ 7.0% cap · market cap 3.49%
Second Best
Industrial
$246.6K
$215.7K – $287.7K
NOI $17,259 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$792.6K
$693.5K – $924.7K
NOI $55,480 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44452, OH
3,114
Population
1,166
Households
2.7
Avg Household Size
50
Median Age
28%
College-Educated
92%
High-School Grad
13.7 sq mi
ZIP Area
227
Density / Sq Mi
$60,000
Median Household Income
$44,875
Median Earnings
$738
Median Rent
$223,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Functional flex property with overhead-door access, parking, and connections to multiple regional routes.
Where is this flex space located?
The property is located at 75 Eastgate Dr North Lima, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Approximately 4,200 sq. ft. industrial building; 0.61‑acre lot in Beaver Township; Constructed in 2008
