Ashland Flex Warehouse For
2395 Rock Rd Ashland, OH 44805
2395 Rock Rd, Ashland, OH, 44805
Contact for pricing
For Sale
Contact for pricing
Two-building flex warehouse on 4.2 acres in Ashland, Ohio.
Property Size29,300 SF
Lot Size4.20 Acres
Price / SF$88.74
Days on Market663
Property Features for 2395 Rock Rd
General Information
- Standard status
- Active
- Size
- 29,300 SF
- Lot size
- 4.20 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2007
Listing Agency
Donald K. Gant Realty
(330) 264-4242
Listed by
Trevor Gant · License #2023003563
Source
Crexi
Added: Sep 23, 2024 Checked: Jul 17 at 4:42 am
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 Donald K. Gant Realty
Investment Insights
Based on property information with market context.
This property features two buildings totaling approximately 29,300 square feet on approximately 4.20 acres. The site provides approximately 46 total parking spaces. It is zoned M-1 Light Industry within the City of Ashland limits. Building A is a flex warehouse with approximately 25,300 square feet, including approximately 6,600 square feet of office space, a break room, and approximately 17,300 square feet of warehouse space. It is equipped with two dock doors and one drive-in door. Building B offers approximately 4,000 square feet with dimensions of approximately 50 feet by 80 feet and includes two drive-in doors, each approximately 12 feet by 14 feet.
Key Highlights
- Large flex warehouse space: ± 25,300 SF in Building A, with office space, break room and warehouse area.
- Ample land: ± 4.20 acres.
- Two buildings: totaling ± 29,300 SF.
Local Financial Insights For Flex RnD
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 | $291.8k | $9.96 |
| − Vacancy | −$23.3k | −$0.80 |
| EGI | $268.5k | $9.16 |
| − OpEx | −$94.0k | −$3.21 |
| NOI | $174.5k | $5.96 |
29,300 SF · lease $9.96/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.49M
$2.18M – $2.91M
NOI $174,513 @ 7.0% cap · market cap 6.71%
Second Best
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,199 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$5.53M
$4.84M – $6.45M
NOI $387,041 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two-building flex warehouse on 4.2 acres in Ashland, Ohio.
Where is this flex space located?
The property is located at 2395 Rock Rd Ashland, OH.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Large flex warehouse space: ± 25,300 SF in Building A, with office space, break room and warehouse area.; Ample land: ± 4.20 acres.; Two buildings: totaling ± 29,300 SF.
