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    Commercial Property with Expansion Potential Title is generated by Realmo AI

    7907 Nonpariel Road, Fredericksburg, OH 44627

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    Claim this Listing
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    For Sale
    $2,500,000

    COMMERCIAL - Fredericksburg, OH

    Property size:
    16,800 SF
    Lot size:
    5.05 Acres
    Price / SF:
    $148/SF
    Added:
    May 12, 2026
    Days on Market:
    5
    Last Refresh:
    May 16 at 11:06 am

    Property Features for 7907 Nonpariel Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    30-00156.006
    Size
    16,800 SF
    Lot size
    5.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12096

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Radiant, Natural Gas
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2019
    Roof type
    Metal

    We can help!

    Listing Contact
    Timothy A Miller

    Listing agent Timothy A Miller License #2010001585

    Listing office Kaufman Realty & Auction, LLC. 163 E Jackson Street, OH

    Listing date May 12, 2026

    MLS# 5209359

    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.

    HighLights

    • Two steel free‑span buildings totaling 16,800 sq. ft. with 18' sidewalls.
    • 5.049 acres with approximately 3 acres available for expansion.
    • Includes a 4,008 sq. ft. showroom with four offices, restroom, storeroom, utility room, in‑floor heat, and air conditioning.
    • Buildings feature heating and cooling, 6" concrete floors, and multiple overhead doors.
    • Equipped with private water well, septic, three gas furnaces, central air, generator and battery pack for electricity, and MCTV internet.
    • Suitable for various commercial uses.

    Overview

    This commercial property offers an excellent opportunity with 5.049 acres of land and room for expansion. It features 16,800 sq. ft. of commercial building space, including an 80'x120' steel free-span building constructed in 2019 and an 80'x90' steel free-span building built in 2024, both featuring 18' sidewalls. Building features include heating and cooling, 6" concrete floors, one 12'x12' overhead door, four 14'x14' overhead doors, two restrooms, and a breakroom. Additionally, there is a 4,008 sq. ft. showroom with four offices, a restroom, a storeroom, a utility room, in-floor heat, and air conditioning. Utilities include a private water well, septic system, three gas furnaces, central air conditioning, a generator and battery pack for electricity, MCTV internet, and 3-phase electric located within approximately 500' of the property. The buildings are situated toward the front of the property, leaving approximately 3 acres available for future expansion, outdoor storage, parking, or additional improvements. This property presents a solid opportunity for manufacturing, warehousing, equipment sales, a service business, or other commercial uses.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.88M
    NOI $168,991 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.41M
    NOI $168,991 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.38M
    NOI $168,991 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $252.0k $15.00
    − Vacancy −$10.6k −$0.63
    EGI $241.4k $14.37
    − OpEx −$72.4k −$4.31
    NOI $169.0k $10.06
    16,800 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $2.41M
    $2.11M – $2.82M (±1% cap)
    NOI $168,991 @ 7.0% cap · market cap 6.76%
    Second Best
    Warehouse
    $1.20M
    $1.05M – $1.40M (±1% cap)
    NOI $83,828 @ 7.0% cap · market cap 3.35%
    Theoretical Best
    Multifamily LT 5
    $12.28M
    $10.74M – $14.33M (±1% cap)
    NOI $859,513 @ 7.0% cap · market cap 34.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Department Store Kitchen & Bath Showroom Discount Store Electrical Service Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Wayne
    State
    Ohio
    Longitude
    -81.9057982
    Latitude
    40.7018173

    FAQs

    What type of property is this?
    Manufacturing property - 5.049 acres with 16,800 sq. ft. commercial building space.
    Where is this manufacturing property located?
    The property is located at 7907 Nonpariel Road Fredericksburg, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Two steel free‑span buildings totaling 16,800 sq. ft. with 18' sidewalls.; 5.049 acres with approximately 3 acres available for expansion.; Includes a 4,008 sq. ft. showroom with four offices, restroom, storeroom, utility room, in‑floor heat, and air conditioning.
    (740) 502-6786
    We can help!
    Listing Contact
    Timothy A Miller
    Real Estate License ID: 2010001585
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    7907 Nonpariel Road, Fredericksburg, OH 44627
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