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    Two Willard Industrial Facilities For Sale Title is generated by Realmo AI

    900 Theo Moll Dr, Willard, OH

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    Two industrial properties in Willard, Ohio, totaling 155,700 square feet.

    Type:INDUSTRIAL
    Property size:
    155,700 SF
    Lot size:
    20.25 Acres
    Price / SF:
    $42/SF
    Added:
    Oct 8, 2025
    Days on Market:
    237
    Last Refresh:
    May 19 at 9:51 pm

    Property Features for 900 Theo Moll Dr

    General Information

    Standard status
    Active
    Size
    155,700 SF
    Lot size
    20.25 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    George J. Pofok, SIOR, CCIM

    Listing agent George J. Pofok, SIOR, CCIM License #OH SAL.2015004836

    Listing office Cresco Real Estate | Cleveland

    Listing date Oct 8, 2025

    Source Moodyscre

    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 Cresco Real Estate | Cleveland

    HighLights

    • Leased to Stanley Black and Decker until October 2026, providing immediate income.
    • Below‑market rental rate ($4.25/SF) offers potential for increased revenue.
    • Well‑maintained, modern industrial facility built in 2007.
    • Functional warehouse space (50,000 SF) with 25‑foot clear ceiling heights, three truck docks, and one drive‑in door.
    • Convenient access to major transportation routes (Ohio Turnpike).
    • Zoned for Heavy Industrial (I‑2), supporting a broad range of industrial operations.

    Overview

    Two industrial facilities located in Willard, Ohio, are available for purchase. One property, situated at 900 Theo Moll Drive, is a single-tenant industrial building spanning 55,800 square feet. Constructed in 2007, it includes 50,000 square feet of warehouse space and 5,800 square feet of office space. The building features a pre-engineered design with a standing seam metal roof, reinforced concrete floors, and 25-foot clear ceiling heights at the peak. The warehouse is equipped with three truck docks, one drive-in door, and column spacing of 50 feet by 50 feet. The property is located on 10.12 acres and offers access to major transportation routes, including the Ohio Turnpike. The zoning is Heavy Industrial (I-2). The current tenant's lease expires at the end of October 2026.

    The second property, located at 1040 Theo Moll Drive, offers 99,900 square feet of space, including 99,040 square feet of warehouse space and 860 square feet of office space. Built in 2007, this pre-engineered building features a standing seam metal roof, reinforced concrete floors, and ceiling heights ranging from 23 feet 6 inches to 25 feet 6 inches. It includes 10 truck docks (9 feet x 10 feet), a drive-in door (14 feet x 14 feet), and column spacing of 50 feet x 50 feet. Situated on 10.48 acres, the property is strategically located near major transportation routes. The zoning is Heavy Industrial (I-2). This facility has expansion potential of up to 123,600 square feet. The current tenant has occupied the building since its construction, with their lease expiring on October 31st, 2026.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ohio Stor N Lock-Willard — 818 Theo Moll Dr, Willard, OH 44890

    Location Insight

    • Map
    • Local Demand
    City
    Willard
    County
    Huron
    State
    Ohio
    Longitude
    -82.7072
    Latitude
    41.0461

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      Freestanding Retail Space Available

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    FAQs

    What type of property is this?
    Warehouse - Two industrial properties in Willard, Ohio, totaling 155,700 square feet.
    Where is this warehouse located?
    The property is located at 900 Theo Moll Dr Willard, OH.
    What is the asking price?
    The asking price for this property is $6,650,000.
    What are key features of this property?
    This property features: Leased to Stanley Black and Decker until October 2026, providing immediate income.; Below‑market rental rate ($4.25/SF) offers potential for increased revenue.; Well‑maintained, modern industrial facility built in 2007.
    (216) 520-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    George J. Pofok, SIOR, CCIM
    Real Estate License ID: OH SAL.2015004836
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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