Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Us Rt 224 Findlay, OH 45840

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    225,000 SF Manufacturing/Warehouse

    Lot size:
    225,000 SF

    Property Features for 0 Us Rt 224

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    225,000 SF
    Class
    A

    Building Details

    Year Built
    2024

    Spaces For Lease

    at 0 Us Rt 224, Findlay, OH 45840 Contact us

    We can help!

    Listing Contact
    Mark Baringer
    Mark Baringer

    Listing Agent: Mark Baringer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional build-to-suit opportunity presents a prime 225,000-square-foot industrial space in Findlay, Ohio's thriving submarket. Located on US Rt 224 and conveniently near I-75, this Class A property sits on a generous 16.862-acre lot (APN 28000132598, Hancock County). The building, slated for completion in 2024, is perfect for manufacturing, warehouse, or distribution operations. The single-tenant space offers complete flexibility; specifications and features can be customized to meet your exact business needs. Findlay's economic strength, highlighted by its ranking as the #1 Micropolitan Area for Business by Site Selection magazine, and its proximity to major transportation arteries, makes this an unparalleled investment. The developer boasts extensive experience in constructing industrial properties across the nation, with recent projects completed in Ohio. This is a chance to secure a state-of-the-art facility in a location ideally suited for growth and success. Proposed sizes and specifications are subject to change based on tenant requirements. Contact us to discuss your specific needs and explore the possibilities of this exceptional build-to-suit opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Findlay
    County
    Hancock
    State
    Ohio
    Longitude
    -83.67635709
    Latitude
    41.06170371

    Nearby Similar for Lease

    • $15 SF/Yr
      1,626 SF

      Retail Space Near Findlay Mall

      Well-maintained retail suites available in high-traffic commercial area.
      15033-15085 Flag City Dr, Findlay, OH 45840
      View Details
    • $525 /Mo

      Office Space on Tiffin Avenue

      Office space for lease in multi-tenant building on Tiffin Ave.
      1655 Tiffin Ave, Findlay, OH 45840
      View Details
    • Contact for pricing

      Retail Space in Findlay, OH

      Prime leasing opportunity in a thriving commercial district.
      1950 Tiffin Ave, Findlay, OH 45840
      View Details
    • $7 SF/Yr
      18,000 SF

      Modern Manufacturing Facility For Lease

      State-of-the-art manufacturing facility with modern office space available for lease.
      120 Bentley Ct, Findlay, OH 45840
      View Details
    • Contact for pricing

      Retail Building in Findlay, Ohio

      14,492 SF retail building on 2.11 acres for lease.
      Findlay, OH 45840
      View Details
    • Contact for pricing
      2,901 SF

      Freestanding Building with Drive-Thru

      2,901 SF freestanding building with drive-thru for sublease.
      1225 Tiffin Ave, Findlay, OH 45840
      View Details
    • Contact for pricing
      4,689 SF

      Retail Space Available For Lease

      Retail space for lease with highway signage available.
      912 Interstate Dr, Findlay, OH 45840
      View Details
    • Contact for pricing
      14,492 SF

      Retail Space in Findlay, Ohio

      Retail property available for rent in Findlay, Ohio.
      1501 N Main St, Findlay, OH 45840
      View Details
    • Contact for pricing

      Move-in Ready First-Floor Office Space

      Furnished office space with shared amenities and ample parking.
      2498 Bluestone Dr, Findlay, OH 45840
      View Details
    • Contact for pricing

      Upstairs Apartment with New Flooring

      Two-bedroom apartment with new flooring and paint available for rent.
      500 W Front St, Findlay, OH 45840
      View Details
    • $10 SF/Yr
      10,000 SF

      Findlay Industrial Space For Lease

      10,000 SF Flex Warehouse, Ohio
      11600 County Road 99, Findlay, OH 45840
      View Details
    • $8 SF/Yr
      48,250 SF

      Findlay Warehouse: Broad Ave Opportunity

      1,400 SF Office/Warehouse Space Available
      1331 Broad Ave, Findlay, OH 45840
      View Details

    FAQs

    What type of property is this?
    Distribution property - 225,000 SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at Us Rt 224 Findlay, OH.
    What are key features of this property?
    This property features: 225,000 SF build-to-suit industrial building available.; Findlay, Ohio location, close to I-75.; Suitable for manufacturing, warehouse, or distribution use.
    (419) 438-5839 Call to check price and availability
    Request Owner's contact information
    Us Rt 224 Findlay, OH 45840
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Us Rt 224
    Findlay, OH 45840
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Us Rt 224 Findlay, OH 45840
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Baringer
    Mark Baringer
    Real Estate License ID: #SAL.0000272275
    (419) 438-5839 (419) 960-4410
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!