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Property profile & analytics
FOR SALE
Warehouses

237 State Rd Ashtabula, OH 44004

11,200 SF 0.9 ac lot Built 1979
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US66-2759936
Property summary
AI-generated overview

This exceptional 10,452-square-foot industrial building, situated on a 2-acre lot in Ashtabula, Ohio (44004), presents a compelling investment opportunity. Constructed in 1979 and extensively renovated in 2019, this two-story structure boasts a versatile layout ideal for manufacturing operations. The property features 8,580 square feet of shop space, complemented by 1,872 square feet of storage/loft space above a well-appointed office area. The office space encompasses approximately 1,872 square feet and includes a conference room, two private offices, a bullpen area, a kitchenette, a locker room, and restrooms. The shop area is equipped for heavy-duty work, featuring 3-phase power and two 5-ton cranes. Access is convenient via two drive-in doors: one measuring 12' x 13' on the north side and another measuring 13'6" x 14'10" on the west side. The property is zoned M-1 and includes three APNs: 03-029-057-01, 03-029-00-057-02, and 03-029-00-057-03. Currently vacant, this property is priced at $325,000 ($31.09 per square foot). Bitcoin offers are accepted.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Total area 11,200 SF
Lot 0.9 ac (39,204 SF)
APN 03-029-00-057-02
UPID US66-2759936
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
  • Refuse Equipment & Truck Services Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Coach Truck & Tractor LLC · 19 yrs held
Coach Truck & Tractor LLC
since 2006
1 recorded transaction
2006
$185,000
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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