Building Details

Construction steel

Listing Agency: CBRE | Akron Show Phone

Listed By: Dean Bacopoulos Show Phone

Source: Moodyscre

Added: Jun 22 Changed: Oct 30 Last Checked: Nov 1 at 8:08AM

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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 CBRE | Akron

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Investment Insights

Based on property information with market context.

This steel-constructed manufacturing facility contains 15,710 square feet on a 2.502-acre parcel. Manufacturing and office areas are part of the building, along with six overhead doors.

The property is on State Route 241, with connections to I-77, I-76, and US 30. The site is located at 9190 Massillon Rd in Dundee, Ohio.

Key Highlights

• 15,710‑square‑foot steel building on 2.502 acres
• Manufacturing and office space within the facility
• Six overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,545

Cap Rate

6.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,030,900 $1.0M

Cap Rate 7%

$736,357 $736.4K

Cap Rate 9%

$572,722 $572.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,710 SF

Gross rent

$79.2K $5.04/SF

− Vacancy

−$5.5K −$0.35/SF

EGI

$73.6K $4.69/SF

− OpEx

−$22.1K −$1.41/SF

NOI

$51.5K $3.28/SF

Area

Tuscarawas County, OH

Vacancy

7.00%

Lease Rate

$5.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,030,900

Cap Rate 7%

$736,357

Cap Rate 9%

$572,722

Alternative Uses

Best Use

Industrial

$736.4K

$644.3K – $859.1K (±1% cap)

NOI $51,545 @ 7.0% cap · market cap 6.61%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.93M

$2.56M – $3.42M (±1% cap)

NOI $204,929 @ 7.0% cap · market cap 26.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Auto Parts Store Dental Office Butcher

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

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Explore this area Business Placement

Demographics for 44624, OH

5,843

Population

1,855

Households

3.1

Avg Household Size

27

Median Age

4%

College-Educated

53%

High-School Grad

48.8 sq mi

ZIP Area

120

Density / Sq Mi

$117,204

Median Household Income

$48,443

Median Earnings

$693

Median Rent

$287,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - Steel construction and six overhead doors complement the building’s manufacturing and office areas.

Where is this manufacturing property located?

The property is located at 9190 Massillon Rd Dundee, OH.

What is the asking price?

The asking price for this property is $780,000.

What are key features of this property?

This property features: 15,710‑square‑foot steel building on 2.502 acres; Manufacturing and office space within the facility; Six overhead doors