Building Details

Building Size 22,080 SF

Year Built 2006

Buildings 1

Stories 1

Listing Agency: Show Phone

Listed By: Stephanie Brady

Source: Bradygrouprealestate

Added: Oct 30 Last Checked: Nov 3 at 6:09AM

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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 Stephanie Brady

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Investment Insights

Based on property information with market context.

This 22,080-square-foot freestanding flex building includes 2,988 square feet of office space. Five overhead doors measure 14' x 10', and a separate 10' x 10' loading door serves the building. The property was built in 2006 and includes 20 on-site parking spaces, along with an additional lot that can support building or parking expansion.

Zoned COM in Jerome Township, the property has access via Route 33. It is near the Avery-Muirfield commercial corridor and an industrial parkway described as rapidly expanding, with corridor development underway.

Key Highlights

• 22,080 square feet total, including 2,988 square feet of office space
• Five 14' x 10' overhead doors
• One 10' x 10' loading door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$256,545

Cap Rate

6.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,130,900 $5.1M

Cap Rate 7%

$3,664,929 $3.7M

Cap Rate 9%

$2,850,500 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 22,080 SF

Gross rent

$482.2K $21.84/SF

− Vacancy

−$115.7K −$5.24/SF

EGI

$366.5K $16.60/SF

− OpEx

−$109.9K −$4.98/SF

NOI

$256.5K $11.62/SF

Area

Madison County, OH

Vacancy

24.00%

Lease Rate

$21.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,130,900

Cap Rate 7%

$3,664,929

Cap Rate 9%

$2,850,500

Alternative Uses

Best Use

Industrial

$3.66M

$3.21M – $4.28M (±1% cap)

NOI $256,545 @ 7.0% cap · market cap 6.94%

Second Best

Flex RnD

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,684 @ 7.0% cap · market cap 2.97%

Theoretical Best

Warehouse

$4.45M

$3.89M – $5.19M (±1% cap)

NOI $311,519 @ 7.0% cap · market cap 8.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Northwind Safety Corporation Building Supply

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Real Estate Agency Cafe & Coffee Shop Home Appliance Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

234

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43064, OH

17,301

Population

6,450

Households

2.7

Avg Household Size

38

Median Age

55%

College-Educated

97%

High-School Grad

103.6 sq mi

ZIP Area

167

Density / Sq Mi

$129,196

Median Household Income

$66,588

Median Earnings

$1,395

Median Rent

$419,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Freestanding industrial space combines office area, overhead access, and an extra lot for potential building or parking expansion.

Where is this flex space located?

The property is located at 8425 Rausch Drive Plain City, OH.

What is the asking price?

The asking price for this property is $3,699,000.

What are key features of this property?

This property features: 22,080 square feet total, including 2,988 square feet of office space; Five 14' x 10' overhead doors; One 10' x 10' loading door