444 Newell Street, Painesville, OH 44077
8,199 sqft warehouse available for purchase in Painesville, OH.
- Added:
- Aug 4, 2023
- Days on Market:
- 1040
- Last Refresh:
- May 12 at 11:37 pm
Property Features for 444 Newell Street
General Information
- Standard status
- Active
- Size
- 8,199 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing agent Gregory B. West License #OH SAL.2001014166
Listing office Hanna Commercial Real Estate Cleveland
Listing date Aug 4, 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 Hanna Commercial Real Estate Cleveland
HighLights
- YearBuilt: 1980
Overview
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 | $46.8k | $5.71 |
| − Vacancy | −$1.7k | −$0.21 |
| EGI | $45.1k | $5.50 |
| − OpEx | −$6.8k | −$0.82 |
| NOI | $38.3k | $4.67 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Welcome to Lake County Mini Storage — 44 Stage Ave, Painesville, OH 44077
- Blackbrook Self Storage — 352 Blackbrook Rd, Painesville, OH 44077
- ROLL OFF, INC. — 606 hidden harbor dr, fairport harbor, oh 44077
Location Insight
- Map
- Local Demand
- City
- Painesville
- County
- Lake
- State
- Ohio
- Longitude
- -81.2661715
- Latitude
- 41.7195135
