Flex Industrial
For Sale
$600,000
75 Eastgate Drive, North Lima, OH 44452
CommercialSale, North Lima, OH
Property Size4,200 SF
Lot Size0.61 Acres
Price / SF$142.86
Days on Market34
Property Features for 75 Eastgate Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Eastgate Indust Park 1
Elementary school district
South Range LSD - 5009
Middle school district
South Range LSD - 5009
High school district
South Range LSD - 5009
Directions
From I-680 South, take Exit 1B for SR-7 South toward East Liverpool. Continue approximately 1 mile, then turn left onto Eastgate Industrial Drive. Continue into Eastgate Industrial Park. The property is located at 75 Eastgate Industrial Drive on the left.
Standard status
Active
APN
05-042-0-017.00-0
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4 100 X 266.58 IRR EASTGATE INDUSTRIAL PARK PLAT 1
Tax Annual Amount
5639
Legal Description
LOT 4 100 X 266.58 IRR EASTGATE INDUSTRIAL PARK PLAT 1
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Listing Agency:
RE/MAX Edge Realty · RE/MAX International
(330) 821-5300
Listed By:
Brandy Maurer · License #2024005050
(501) 580-7891
Added: Jul 19
Changed: Aug 19
Last Checked: Aug 21 at 9:06PM
MLS# 5228008
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2008, this approximately 4,200-square-foot flex industrial building occupies a 0.6107-acre lot in Beaver Township. The property includes functional workspace, overhead door access, and on-site parking, with forced-air heating and central air conditioning. Public water and public sewer serve the site.
The property is positioned within Eastgate Industrial Park and offers access to SR-7, SR-170, I-680, and the Ohio Turnpike. It is located in Mahoning County near Youngstown and the Pennsylvania border. Potential applications include warehouse, distribution, contractor, service, and light manufacturing operations, subject to zoning.
The property is positioned within Eastgate Industrial Park and offers access to SR-7, SR-170, I-680, and the Ohio Turnpike. It is located in Mahoning County near Youngstown and the Pennsylvania border. Potential applications include warehouse, distribution, contractor, service, and light manufacturing operations, subject to zoning.
Key Highlights
- Approximately 4,200 sq. ft. industrial building constructed in 2008
- 0.6107‑acre lot in Beaver Township
- Overhead door access and on‑site parking
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
Property Profile
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 commercial space with overhead door access, on-site parking, and public water and sewer service.
Where is this flex space located?
The property is located at 75 Eastgate Drive 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 constructed in 2008; 0.6107‑acre lot in Beaver Township; Overhead door access and on‑site parking
