Steel Free-Span Warehouse
For Sale
$2,500,000
7907 Nonpariel Road, Fredericksburg, OH 44627
CommercialSale, Fredericksburg, OH
Property Size20,808 SF
Lot Size5.05 Acres
Price / SF$120.15
Days on Market102
Property Features for 7907 Nonpariel Road
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Triway LSD - 8509
Middle school district
Triway LSD - 8509
High school district
Triway LSD - 8509
Directions
From Harrison Road west of Fredericksburg take Nonpariel Rd. north to location on left. From SR 83 in Moreland take Moreland Rd. east to right on Nonpariel Rd. to location on left.
Standard status
Active
APN
30-00156.006
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
Amenities
heating and cooling
concrete floors
overhead doors
restrooms
breakroom
in-floor heat
air conditioning
generator
MCTV internet
3-phase electric
Building Details
Year built
2019
Roof type
Metal
Listing Agency:
Kaufman Realty & Auction, LLC.
(330) 674-7355
Listed By:
Timothy A Miller · License #2010001585
(740) 502-6786
Added: May 12
Changed: Aug 20
Last Checked: Aug 21 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This warehouse property in Fredericksburg, OH offers a combined 16,800 SF of commercial building space across two steel free-span structures. One building is 80' x 120' and built in 2019, and the other is 80' x 90' and built in 2024, with 18' sidewalls. The warehouses include heating and cooling, 6" concrete floors, one 12' x 12' overhead door, and four 14' x 14' overhead doors, along with two restrooms and a breakroom.
The site also includes a 4,008 SF showroom with four offices, a restroom, storeroom, and utility room, plus in-floor heat and air conditioning. Additional on-site utilities include a private water well and septic, three gas furnaces, central air, and a generator with a battery pack for electricity. The listing also notes MCTV internet and 3-phase electric located within approximately 500' of the property.
Set toward the front of the site, the buildings leave approximately 3 acres available for future expansion, outdoor storage, parking, or additional improvements, supporting a range of manufacturing, warehousing, equipment sales, service, or other commercial uses.
The site also includes a 4,008 SF showroom with four offices, a restroom, storeroom, and utility room, plus in-floor heat and air conditioning. Additional on-site utilities include a private water well and septic, three gas furnaces, central air, and a generator with a battery pack for electricity. The listing also notes MCTV internet and 3-phase electric located within approximately 500' of the property.
Set toward the front of the site, the buildings leave approximately 3 acres available for future expansion, outdoor storage, parking, or additional improvements, supporting a range of manufacturing, warehousing, equipment sales, service, or other commercial uses.
Key Highlights
- Two steel free‑span buildings totaling 16,800 SF on 5.049 acres
- 80' x 120' steel free‑span warehouse built in 2019 with 18' sidewalls
- 80' x 90' steel free‑span warehouse built in 2024 with 18' sidewalls
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
$209,308
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
8.37%
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%
$4,186,160
$4.2M
Cap Rate 7%
$2,990,114
$3.0M
Cap Rate 9%
$2,325,644
$2.3M
Market Conditions
NOI Build-Up for 20,808 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
$312.1K $15.00/SF
− Vacancy
−$13.1K −$0.63/SF
EGI
$299.0K $14.37/SF
− OpEx
−$89.7K −$4.31/SF
NOI
$209.3K $10.06/SF
Area
Wayne County, OH
Vacancy
4.20%
Lease Rate
$15.00 /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%
$4,186,160
Cap Rate 7%
$2,990,114
Cap Rate 9%
$2,325,644
Alternative Uses
Best Use
Retail
$2.99M
$2.62M – $3.49M
NOI $209,308 @ 7.0% cap · market cap 8.37%
Second Best
Warehouse
$1.48M
$1.30M – $1.73M
NOI $103,826 @ 7.0% cap · market cap 4.15%
Theoretical Best
Multifamily LT 5
$15.21M
$13.31M – $17.74M
NOI $1,064,568 @ 7.0% cap · market cap 42.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44627, OH
7,692
Population
1,849
Households
4.2
Avg Household Size
23
Median Age
6%
College-Educated
34%
High-School Grad
47.5 sq mi
ZIP Area
162
Density / Sq Mi
$81,895
Median Household Income
$41,703
Median Earnings
$788
Median Rent
$331,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Steel free-span warehouse buildings with multiple overhead doors, plus a showroom with offices and in-floor heat.
Where is this warehouse 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 SF on 5.049 acres; 80' x 120' steel free‑span warehouse built in 2019 with 18' sidewalls; 80' x 90' steel free‑span warehouse built in 2024 with 18' sidewalls
