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    5685 Eco Pkwy Frazeysburg, OH 43822

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    5685 Eco Pkwy Frazeysburg, OH 43822

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    • Warehouses
    • 812,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 5685 Eco Pkwy

    Year built
    1993
    Property size
    812,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 812,000-square-foot warehouse and distribution facility, located at 5685 Eco Parkway in Frazeysburg, Ohio, presents a significant opportunity for businesses seeking expansive industrial space. Situated on a substantial 60.67-acre lot, this single-tenant property boasts a range of desirable features. Built in 1993, the building offers a 24-foot ceiling height, providing ample vertical storage capacity. The property includes 34 dock doors and four drive-in doors, ensuring efficient loading and unloading operations. Ample parking is provided with 1,410 total spaces. The facility is equipped with a robust 3000A/277-480V 3P heavy power system. Internal features include extensive office space, complete with locker rooms and restrooms, and multiple office suites. Modern LED lighting enhances energy efficiency throughout the building. Safety is prioritized with an ESFR sprinkler system. Furthermore, the property includes 15 acres dedicated to trailer parking and outdoor storage, offering significant flexibility for operations. This property is located in Muskingum County, Ohio, with the zip code 43822. The entire 812,000 square feet is currently vacant and available for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Frazeysburg
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.0809
    Latitude
    40.1418

    Comparable in this City

    • Value Estimation by Request
      812,000 SF

      5685 Eco Pkwy

      Distribution properties • 812,000 SF
      5685 Eco Pkwy, Frazeysburg, OH 43822
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    • Value Estimation by Request
      5,322 SF

      10329 Pleasant Vly Rd

      MINI-WAREHOUSE, STORAGE • 5,322 SF
      10329 Pleasant Vly Rd, Frazeysburg, OH 43822-9571
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    • Value Estimation by Request
      0.02 Acres

      Frazeysburg, OH 43822

      WAREHOUSE, STORAGE • 0.02 Acres
      Frazeysburg, OH 43822
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    • Value Estimation by Request
      6,800 SF

      12112 Pleasant Vly Rd

      MINI-WAREHOUSE, STORAGE • 6,800 SF
      12112 Pleasant Vly Rd, Frazeysburg, OH 43822-9584
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    • Value Estimation by Request
      0.71 Acres

      255 3rd St

      MINI-WAREHOUSE, STORAGE • 0.71 Acres
      255 3rd St, Frazeysburg, OH 43822-9768
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    • Value Estimation by Request
      0.14 Acres

      101 3rd St

      WAREHOUSE, STORAGE • 0.14 Acres
      101 3rd St, Frazeysburg, OH 43822-9652
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      812,000 SF

      Frazeysburg Warehouse/Distribution Facility

      812,000 SF warehouse on 60.67 AC available for sale.
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      Industrial Warehouse in East Central Ohio

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      32,494 SF

      Industrial Warehouse Space For Sale

      32,494 SF industrial warehouse with office and loading docks.
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      Pending

      Land with Commercial Potential

      38.12 acres suitable for farming, hunting, building, or commercial use.
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      Pending

      Frazeysburg Land Parcel For Sale

      13.05 acre parcel for sale in Frazeysburg, Ohio.
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    Similar Nearby for Lease

    • Contact for pricing

      Frazeysburg Warehouse/Distribution Facility

      812,000 SF warehouse/distribution facility on 60.67 AC available for lease.
      5685 Eco Pkwy, Frazeysburg, OH 43822
      View Details
    • $4 SF/Yr

      Industrial Warehouse Space For Rent

      33,000 SF warehouse with loading dock and drive-ins.
      5695 Eco Pkwy, Frazeysburg, OH 43822
      View Details
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    Frazeysburg, OH 43822
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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