Flexible Industrial Warehouse
950 E Canal St Nelsonville, OH 45764
950 E Canal St, Nelsonville, OH, 45764
$1,200,000
For Sale
$1,200,000
Four firewall-separated sections with multiple entrances and parking support flexible tenant or user configurations.
Property Size25,000 SF
Price / SF$48
Days on Market78
Property Features for 950 E Canal St
General Information
- Standard status
- Active
- Size
- 25,000 SF
Listing agency
The Athens Real Estate Co., Ltd.
(740) 591-2334
Listed by
C.R. Pratt
(740) 591-2334
Source
Exprealty
Added: May 6 Updated: Jul 10 at 4:00PM Checked: Jul 22 at 4:12PM
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 The Athens Real Estate Co., Ltd.
Investment Insights
Based on property information with market context.
This sale features a 25,000+ square foot commercial building designed in four connected sections that can operate as one unit or be divided into individual spaces. Each section is separated with full floor-to-ceiling firewalls and includes two forced-air gas furnaces. The property will have eight brand-new A/C units installed prior to closing and includes energy-efficient Halo lighting, multiple office spaces, extensive storage areas, and three bathrooms.
The building sits on a main thoroughfare through Nelsonville with more than 400 feet of road frontage. There are more than 40 parking spaces across the front to support customer and employee access, and the layout includes multiple entrances intended to facilitate customer flow. The roof is described as newer metal, and the building is not located in the flood plain.
With firewall separation, multiple entrances, and on-site offices and storage, the building can fit a range of industrial, warehouse, flex, or office-user scenarios that benefit from flexible space planning. The combination of road frontage, parking, and tenant-dividable sections can also be practical for owner-occupants or operators looking to manage different areas independently.
The building sits on a main thoroughfare through Nelsonville with more than 400 feet of road frontage. There are more than 40 parking spaces across the front to support customer and employee access, and the layout includes multiple entrances intended to facilitate customer flow. The roof is described as newer metal, and the building is not located in the flood plain.
With firewall separation, multiple entrances, and on-site offices and storage, the building can fit a range of industrial, warehouse, flex, or office-user scenarios that benefit from flexible space planning. The combination of road frontage, parking, and tenant-dividable sections can also be practical for owner-occupants or operators looking to manage different areas independently.
Key Highlights
- 25,000+ SF commercial building designed in four connected sections
- Each of the four sections has floor‑to‑ceiling firewalls for separated use as one or multiple spaces
- Eight new A/C units to be installed prior to closing; two forced‑air gas furnaces in each section
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 | $126.0k | $5.04 |
| − Vacancy | −$19.7k | −$0.79 |
| EGI | $106.3k | $4.25 |
| − OpEx | −$15.9k | −$0.64 |
| NOI | $90.3k | $3.61 |
25,000 SF · lease $5.04/SF/yr · vacancy 15.67% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$3.41M
$2.98M – $3.97M
NOI $238,443 @ 7.0% cap · market cap 19.87%
Second Best
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,317 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$5.71M
$5.00M – $6.66M
NOI $399,672 @ 7.0% cap · market cap 33.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
U-Haul Neighborhood Dealer
Car Rental Facility
Blackburn Home Furnishings
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Four firewall-separated sections with multiple entrances and parking support flexible tenant or user configurations.
Where is this flex space located?
The property is located at 950 E Canal St Nelsonville, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 25,000+ SF commercial building designed in four connected sections; Each of the four sections has floor‑to‑ceiling firewalls for separated use as one or multiple spaces; Eight new A/C units to be installed prior to closing; two forced‑air gas furnaces in each section
