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Property profile & analytics
FOR LEASE
Flex space

102 N Sundale Rd Norwich, OH 43767

1.52 ac lot Built 1999
Entity Owned Free & Clear
Property ID
US66-4301000
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1999
Lot 1.52 ac (66,211 SF)
APN 66-16-01-27-000
UPID US66-4301000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mid America paper Warehouse & Storage
  • UNITED CANDLE CO Industrial Manufacturer Production Facility
  • Lumi-Lite Candle Co Inc Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
LUMI LITE CANDLE CO INC
LUMI LITE CANDLE CO INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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