Industrial Flex Retail
For Sale
Contact for pricing
7754 S State Route 73, Wilmington, OH 45177
Two fenced, gated buildings with substantial compact gravel parking and outdoor storage, zoned C-2 for flexible light use.
Property Size10,537 SF
Lot Size9.68 Acres
Price / SF$132.39
Days on Market96
Property Features for 7754 S State Route 73
General Information
Standard status
Active
Size
10,537 SF
Lot size
9.68 Acres
Property subtype
FLEX_R_AND_D
Zoning
C-2
Additional Details
Fenced Yard
Yes
Properties For Sale
at 7754 S State Route 73 Contact us- Floor
- Bldg
- Size
- 10,537 SF
- Type
- FLEX_R_AND_D
- Availability
- AVAILABLE, Now
- Sublease
- No
7754 S State Rte 73
- 3CRE is pleased to present a versatile Industrial/Flex/Retail opportunity located...
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Contact us
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 745-9333
Listed By:
Michael Costantini · License ##2018001126
(513) 383-8413
Source:
Moodyscre
Added: Jun 9
Changed: Sep 3
Last Checked: Sep 11 at 12:25PM
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 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
3CRE is pleased to present a versatile industrial/flex/retail opportunity at 7754 S State Route 73 in Wilmington, Ohio. The property includes two buildings totaling 10,000 square feet, comprised of a 6,000 SF building and a 4,000 SF building. The site offers outdoor support space, including dedicated compact gravel parking and outdoor storage.
The property sits on 9.68 total acres and features approximately 6 acres of dedicated compact gravel parking and outdoor storage space. It is fully fenced with gated access, helping support controlled vehicle and equipment operations. Zoning is designated C-2, providing flexibility for a wide variety of commercial and light industrial uses.
This configuration can work well for tenants seeking a combination of warehouse and flex space, with outdoor storage and a fenced yard to support day-to-day logistics. The two-building setup may also appeal to operators looking to separate functions within the same secured site, while retaining the option to use the space to best match their business model under the property’s C-2 zoning framework.
The property sits on 9.68 total acres and features approximately 6 acres of dedicated compact gravel parking and outdoor storage space. It is fully fenced with gated access, helping support controlled vehicle and equipment operations. Zoning is designated C-2, providing flexibility for a wide variety of commercial and light industrial uses.
This configuration can work well for tenants seeking a combination of warehouse and flex space, with outdoor storage and a fenced yard to support day-to-day logistics. The two-building setup may also appeal to operators looking to separate functions within the same secured site, while retaining the option to use the space to best match their business model under the property’s C-2 zoning framework.
Key Highlights
- Two buildings totaling 10,000 SF for sale ($1,450,000) or lease, including a 6,000 SF building and a 4,000 SF building
- 9.68 total acres with approximately 6 acres of dedicated compact gravel parking and outdoor storage space
- Fully fenced property with gated access and outdoor storage included
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
$43,299
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
3.10%
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%
$865,980
$866.0K
Cap Rate 7%
$618,557
$618.6K
Cap Rate 9%
$481,100
$481.1K
Market Conditions
NOI Build-Up for 10,537 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
$67.5K $6.41/SF
− Vacancy
−$5.7K −$0.54/SF
EGI
$61.9K $5.87/SF
− OpEx
−$18.6K −$1.76/SF
NOI
$43.3K $4.11/SF
Area
Clinton County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
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%
$865,980
Cap Rate 7%
$618,557
Cap Rate 9%
$481,100
Alternative Uses
Best Use
Retail
$2.74M
$2.40M – $3.20M
NOI $192,020 @ 7.0% cap · market cap 13.76%
Second Best
Industrial
$618.6K
$541.2K – $721.7K
NOI $43,299 @ 7.0% cap · market cap 3.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45177, OH
22,349
Population
9,870
Households
2.3
Avg Household Size
40
Median Age
26%
College-Educated
94%
High-School Grad
170.0 sq mi
ZIP Area
131
Density / Sq Mi
$70,483
Median Household Income
$36,980
Median Earnings
$933
Median Rent
$209,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Two fenced, gated buildings with substantial compact gravel parking and outdoor storage, zoned C-2 for flexible light use.
Where is this flex space located?
The property is located at 7754 S State Route 73 Wilmington, OH.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two buildings totaling 10,000 SF for sale ($1,450,000) or lease, including a 6,000 SF building and a 4,000 SF building; 9.68 total acres with approximately 6 acres of dedicated compact gravel parking and outdoor storage space; Fully fenced property with gated access and outdoor storage included
