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Property profile & analytics
FOR SALE
Retail space

222 Martinel Dr Kent, OH 44240

10,912 SF 1.03 ac lot Built 1968
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-1604324
Property summary
AI-generated overview

This Kent, Ohio industrial property, located at 222 Martinel Dr, offers 10,900 square feet of manufacturing space, including a 10,039 sq ft main building and an 873 sq ft office building. Situated on 1.03 acres in Davey Industrial Park, the property boasts 15-foot ceilings, ample on-site parking, and one 14-foot overhead door. The manufacturing area features heavy power, including one 5-ton crane, three 2-ton cranes, and three 1-ton cranes. The spacious office area includes a large conference/engineering room. Both the office and manufacturing spaces are climate-controlled with gas heat, city water, and sewer. Amenities include two restrooms and a small kitchenette/break room. Built in 1968 and renovated in 1992, this property is zoned for industrial use and presents a significant opportunity for a variety of manufacturing businesses. The property's APN is 17-007-00-00-038-000. The asking price is $500,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Total area 10,912 SF
Lot 1.03 ac (44,867 SF)
APN 17-007-00-00-038
UPID US66-1604324
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
  • Pyramid Mold & Machine Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Paul Sicillano · 3 yrs held
Paul Sicillano
since 2023
4 recorded transactions
2023
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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