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    Industrial Warehouse For Sale Title is generated by Realmo AI

    4310 Lagrange Street, Toledo, OH 43612

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    21,463 sqft warehouse available for sale.

    Type:Industrial
    Property size:
    21,463 SF
    Price / SF:
    $93/SF
    Added:
    Dec 7, 2023
    Days on Market:
    943
    Last Refresh:
    Jun 28 at 1:42 pm

    Property Features for 4310 Lagrange Street

    General Information

    Standard status
    Active
    Size
    21,463 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1973

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    Joe Francis

    Listing office Signature Associates Toledo

    Listing date Dec 7, 2023

    Source Crexi

    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 Signature Associates Toledo

    HighLights

    • Established property built in 1973

    Overview

    This commercial real estate offering features a 21,463 square foot industrial warehouse. The property is available for sale.

    Local Financial Insights For Warehouse

    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 $193.2k $9.00
    − Vacancy −$7.2k −$0.33
    EGI $186.0k $8.67
    − OpEx −$27.9k −$1.30
    NOI $158.1k $7.37
    21,463 SF · lease $9.00/SF/yr · vacancy 3.71% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.26M
    $1.98M – $2.64M (±1% cap)
    NOI $158,100 @ 7.0% cap · market cap 7.90%
    Second Best
    Industrial
    $1.86M
    $1.63M – $2.17M (±1% cap)
    NOI $130,200 @ 7.0% cap · market cap 6.51%
    Theoretical Best
    Office A
    $3.57M
    $3.13M – $4.17M (±1% cap)
    NOI $250,035 @ 7.0% cap · market cap 12.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Z and r trucking Trucking Company Freedom Trans LLC Trucking Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Skin Care Clinic Storage Facility

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

    Similar Places Nearby

    • U-Pack — 307 Dura Ave, Toledo, OH 43612

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.5477191
    Latitude
    41.6974961

    FAQs

    What type of property is this?
    Warehouse - 21,463 sqft warehouse available for sale.
    Where is this warehouse located?
    The property is located at 4310 Lagrange Street Toledo, OH.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Established property built in 1973
    More about this property
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