Warehouse with Finished Office
8028 Newark Road Mount Vernon, OH 43050
8028 Newark Road, Mount Vernon, OH, 43050
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For Sale
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Versatile warehouse facility with two loading docks and about 800 sq. ft. of finished office space on 4 acres.
Property Size11,368 SF
Price / SF$52.72
Days on Market121
Property Features for 8028 Newark Road
General Information
- Standard status
- Active
- Size
- 11,368 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail, Special Purpose
Listing agency
M3K Real Estate Network Inc.
Listed by
Michelle L Stevenson · License #2021006008
Source
Crexi
Added: Mar 24 Updated: Jul 22 at 2:35PM Checked: Jul 22 at 2:35PM
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 M3K Real Estate Network Inc.
Investment Insights
Based on property information with market context.
This for-sale warehouse and industrial facility offers a total building area of 11,368 square feet on 4 acres. The property includes two loading docks for shipping and receiving and approximately 800 square feet of finished office space for administrative functions. It also features three separate heating zones, including a boiler system serving the main office and natural gas heat in the storage areas, with a boiler about 10 years old and gas furnaces about 15 years old. The facility is serviced by a septic sewer system.
Recent improvements include new flooring in 2024, new toilets and bath plumbing in 2024, fresh paint in the office areas in 2024, and new metal and shingle roofing on the front and sides in 2024. Additional roof sections were replaced in 2019.
The combination of loading capacity, dedicated office space, multiple heating zones, and updated building components supports a wide range of operational storage and industrial use scenarios.
Recent improvements include new flooring in 2024, new toilets and bath plumbing in 2024, fresh paint in the office areas in 2024, and new metal and shingle roofing on the front and sides in 2024. Additional roof sections were replaced in 2019.
The combination of loading capacity, dedicated office space, multiple heating zones, and updated building components supports a wide range of operational storage and industrial use scenarios.
Key Highlights
- 11,368 sq. ft. warehouse/industrial facility on 4 acres, offering space for operations and storage
- Two loading docks for efficient shipping and receiving
- About 800 sq. ft. finished office space for administrative use
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.9k | $6.41 |
| − Vacancy | −$6.1k | −$0.54 |
| EGI | $66.7k | $5.87 |
| − OpEx | −$20.0k | −$1.76 |
| NOI | $46.7k | $4.11 |
11,368 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,340 @ 7.0% cap · market cap 21.75%
Second Best
Warehouse
$810.3K
$709.0K – $945.4K
NOI $56,723 @ 7.0% cap · market cap 9.46%
Theoretical Best
Specialty Retail
$3.17M
$2.77M – $3.70M
NOI $221,961 @ 7.0% cap · market cap 37.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile warehouse facility with two loading docks and about 800 sq. ft. of finished office space on 4 acres.
Where is this flex space located?
The property is located at 8028 Newark Road Mount Vernon, OH.
What is the asking price?
The asking price for this property is $599,316.
What are key features of this property?
This property features: 11,368 sq. ft. warehouse/industrial facility on 4 acres, offering space for operations and storage; Two loading docks for efficient shipping and receiving; About 800 sq. ft. finished office space for administrative use
