Warehouse
New
For Sale
$5,975,000
95 North Swinehart Road, Orrville, OH 44667
Warehouse property available for sale in Orrville, Ohio.
Property Size89,140 SF
Price / SF$67.03
Days on Market6
Property Features for 95 North Swinehart Road
General Information
Standard status
Active
Size
89,140 SF
Property subtype
Industrial
Listing Agency:
(216) 406-1131
Listed By:
Christopher Livingston
(216) 406-1131
Source:
Cbre
Added: Aug 13
Changed: Aug 15
Last Checked: Aug 17 at 1:55PM
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 Christopher Livingston
Investment Insights
Based on property information with market context.
This warehouse property is offered for sale at 95 North Swinehart Road in Orrville, Ohio. The asset is classified as a warehouse within the commercial real estate category and is identified by the local postal code 44667.
Key Highlights
- Warehouse property offered for sale
- Located at 95 North Swinehart Road, Orrville, OH 44667
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$444,785
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,895,700
$8.9M
Cap Rate 7%
$6,354,071
$6.4M
Cap Rate 9%
$4,942,056
$4.9M
Market Conditions
NOI Build-Up for 89,140 SF
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.
Gross rent
$571.4K $6.41/SF
− Vacancy
−$48.1K −$0.54/SF
EGI
$523.3K $5.87/SF
− OpEx
−$78.5K −$0.88/SF
NOI
$444.8K $4.99/SF
Area
Wayne 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,895,700
Cap Rate 7%
$6,354,071
Cap Rate 9%
$4,942,056
Alternative Uses
Best Use
Warehouse
$6.35M
$5.56M – $7.41M
NOI $444,785 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$65.15M
$57.01M – $76.01M
NOI $4,560,536 @ 7.0% cap · market cap 76.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44667, OH
13,723
Population
5,381
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
88%
High-School Grad
44.7 sq mi
ZIP Area
307
Density / Sq Mi
$72,402
Median Household Income
$41,792
Median Earnings
$852
Median Rent
$196,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property available for sale in Orrville, Ohio.
Where is this warehouse located?
The property is located at 95 North Swinehart Road Orrville, OH.
What is the asking price?
The asking price for this property is $5,975,000.
What are key features of this property?
This property features: Warehouse property offered for sale; Located at 95 North Swinehart Road, Orrville, OH 44667
