Self Storage Facility with Historic
For Sale
Contact for pricing
8279 Baumhart Road, Amherst, OH 44001
Storage barns and a rented Colonial residence occupy an income-producing property with acreage and seasonal recreational vehicle demand.
Property Size2,900 SF
Price / SF$137.93
Days on Market54
Property Features for 8279 Baumhart Road
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Business for Sale
Listing Agency:
The Swanzer Agency
Listed By:
Captain Ron Allor · License #OH 2003018695
Source:
Crexi
Added: Aug 24
Changed: Oct 5
Last Checked: Oct 14 at 8:09PM
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 The Swanzer Agency
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Investment Insights
Based on property information with market context.
This self-storage property includes multiple outbuildings currently leased for seasonal storage, along with a historic stone Colonial residence. The home contains approximately 2,900 square feet on 2.82 acres, with three bedrooms and a full bath upstairs. The main level includes an eat-in kitchen, parlor/dining room, living room, half bath, and utility area.
Built in 1847 and identified by its original datestone, the residence retains its historic character while serving as an additional rental component. Storage customers use the outbuildings for boats, campers, and other seasonal recreational vehicles, with occupancy reported during the winter months. The property is situated in Brownhelm Township between the Ohio Turnpike and St. Rte. 2 and falls within the Firelands Local School District.
Built in 1847 and identified by its original datestone, the residence retains its historic character while serving as an additional rental component. Storage customers use the outbuildings for boats, campers, and other seasonal recreational vehicles, with occupancy reported during the winter months. The property is situated in Brownhelm Township between the Ohio Turnpike and St. Rte. 2 and falls within the Firelands Local School District.
Key Highlights
- Multiple outbuildings currently rented as storage units
- Historic stone Colonial built in 1847
- Approximately 2,900 square feet of residential space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,624
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,480
$552.5K
Cap Rate 7%
$394,629
$394.6K
Cap Rate 9%
$306,933
$306.9K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$41.8K $14.40/SF
− Vacancy
−$2.3K −$0.79/SF
EGI
$39.5K $13.61/SF
− OpEx
−$11.8K −$4.08/SF
NOI
$27.6K $9.53/SF
Area
Lorain County, OH
Vacancy
5.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,480
Cap Rate 7%
$394,629
Cap Rate 9%
$306,933
Alternative Uses
Best Use
Self Storage
$394.6K
$345.3K – $460.4K
NOI $27,624 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$354.4K
$310.1K – $413.4K
NOI $24,805 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$730.8K
$639.5K – $852.6K
NOI $51,156 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 44001, OH
20,837
Population
8,547
Households
2.4
Avg Household Size
47
Median Age
30%
College-Educated
95%
High-School Grad
33.2 sq mi
ZIP Area
628
Density / Sq Mi
$91,050
Median Household Income
$47,042
Median Earnings
$947
Median Rent
$221,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Storage barns and a rented Colonial residence occupy an income-producing property with acreage and seasonal recreational vehicle demand.
Where is this self storage facility located?
The property is located at 8279 Baumhart Road Amherst, OH.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Multiple outbuildings currently rented as storage units; Historic stone Colonial built in 1847; Approximately 2,900 square feet of residential space
