Building Details

Buildings 2

Building Size 4,000 SF

Listing Agency: Bonnigson & Associates i***@bonnigson.com

Listed By: Erik Bonnigson Show Phone

Source: Exprealty

Added: Sep 29 Changed: Oct 10 Last Checked: Oct 10 at 2:43AM

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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 Bonnigson & Associates

Investment Insights

Based on property information with market context.

This mixed-use offering in Fremont combines a 4,000 SF office building with a 4,320 SF pole barn/warehouse. The warehouse is partially heated, providing a distinct storage or flex component alongside the office space. The property encompasses approximately 0.656 acres and is zoned R-1.

Public water and sewer serve the site, which also has 200+ amp electric service. Permitted or nonconforming use should be confirmed with the City of Fremont; land use for a new business requires verification with the Sandusky County Auditor Office Real Estate Department and Fremont Zoning Department.

Key Highlights

• 4,000 SF office building
• 4,320 SF pole barn/warehouse, partially heated
• Approximately 0.656 acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,515

Cap Rate

8.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$830,300 $830.3K

Cap Rate 7%

$593,071 $593.1K

Cap Rate 9%

$461,278 $461.3K

Market Conditions

NOI Build-Up for 8,320 SF

Gross rent

$53.3K $6.41/SF

− Vacancy

−$4.5K −$0.54/SF

EGI

$48.8K $5.87/SF

− OpEx

−$7.3K −$0.88/SF

NOI

$41.5K $4.99/SF

Area

Sandusky County, OH

Vacancy

8.42%

Lease Rate

$6.41 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$830,300

Cap Rate 7%

$593,071

Cap Rate 9%

$461,278

Alternative Uses

Best Use

Mixed Use

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,368 @ 7.0% cap · market cap 16.81%

Second Best

Office B

$1.14M

$995.9K – $1.33M (±1% cap)

NOI $79,672 @ 7.0% cap · market cap 16.26%

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,904 @ 7.0% cap · market cap 22.43%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Air-Eez Comfort Systems Hardware & Home Improvement Tin Man Heating ... HVAC Service

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Skin Care Clinic HVAC Service Pharmacy

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

97

Businesses Nearby

Explore this area Business Placement

Demographics for 43420, OH

29,332

Population

13,876

Households

2.1

Avg Household Size

43

Median Age

19%

College-Educated

94%

High-School Grad

136.3 sq mi

ZIP Area

215

Density / Sq Mi

$62,802

Median Household Income

$39,779

Median Earnings

$824

Median Rent

$142,400

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Office and warehouse buildings share a site with public water, sewer, and 200+ amp electric service.

Where is this mixed-use property located?

The property is located at 901 N 5th St Fremont, OH.

What is the asking price?

The asking price for this property is $489,900.

What are key features of this property?

This property features: 4,000 SF office building; 4,320 SF pole barn/warehouse, partially heated; Approximately 0.656 acres