102 N Sundale Rd Norwich, OH 43767
For Lease
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This exceptional investment opportunity presents a 150,000-square-foot industrial warehouse portfolio situated on approximately 22 acres in Norwich, Ohio. The property, comprised of four buildings, boasts eight dock-high doors and ceiling heights ranging from 16 to 42 feet, ideal for warehousing and distribution. A significant portion (approximately 62%) is currently leased to an industrial tenant under a triple-net (NNN) lease extending through 2029, with two five-year renewal options featuring rent increases, ensuring stable income for an owner-user or investor. The property includes two residential properties and several outbuildings, adding to its versatility. The site features ample parking (approximately 100 spaces), a robust 5,000-gallon-per-day private sewage treatment plant designed for a significant workforce and limited manufacturing, a backup natural gas generator and UPS system for essential services, and monitored fire and security systems. Electrical infrastructure includes two 400-amp feeds to building 3 and one to building 4, with spare conduit for future power expansion. The asking price is $5,250,000, representing an attractive 8.5% capitalization rate. Detailed financials are available upon request. This property offers a unique blend of income-producing assets and significant expansion potential.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.