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    2550 Tracy Rd Northwood, OH 43619
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    2550 Tracy Rd, Northwood, OH 43619

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    • Refrigerated & Cold Storage
    • 9,720 SF
    • 11.40 lot acres
    For Lease
    $204 SF/Yr
    View Listing →
    Warehouse, Office, and Flex Space For Lease
    $204 SF/Yr

    Warehouse, Office, and Flex Space

    Secure warehouse, office, and flex space for small businesses.

    2550 Tracy Rd, Northwood, OH 43619
    View Listing
    Property ID
    US66-3228823
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Refrigerated & Cold Storage

    Property Details for 2550 Tracy Rd

    Year built
    2022
    Lot size
    11.40 lot acres
    Property type
    Refrigerated & Cold Storage
    APN
    M50-300-2400-04-011.000
    APU
    M50300240004011000

    Description

    RISE Commercial District Northwood offers a diverse range of commercial spaces, ideal for small businesses seeking flexible and secure solutions. Located at 2550 Tracy Rd, Northwood, OH 43619, this Wood County property provides 103 individual suites across three space types: traditional office, flex, and warehouse. Units are available in sizes ranging from a minimum of 100 square feet to a maximum contiguous space of 2,650 square feet, catering to a variety of business needs and scales. The property boasts all-inclusive utilities and a secure environment, fostering a collaborative atmosphere among like-minded businesses. Each tenant enjoys their own private unit within a larger facility, promoting both independence and a sense of community. Electricity is included. This is an exceptional opportunity for businesses seeking a productive and cost-effective workspace in a convenient Northwood location. The property is designed to maximize productivity and profitability, offering a comprehensive solution for businesses of all sizes requiring office, warehouse, or flex space. The multiple tenancy structure allows for a diverse range of businesses to thrive within the same building. Contact us today to explore the available options and find the perfect space for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Northwood
    County
    Wood
    State
    Ohio
    Longitude
    -83.5292
    Latitude
    41.6057
    CBSA code
    45780
    CBSA name
    TOLEDO, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,822
    $169,580
    $799,470
    $969,050
    -
    $484,500
    $2,284,200
    $2,768,700

    Comparable in this City

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      124,380 SF

      8000 Arbor Dr

      COLD STORAGE
      8000 Arbor Dr, Northwood, OH 43619-7505
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    • Value Estimation
      $765,000
      15,768 SF

      2665 Tracy Rd

      COLD STORAGE
      2665 Tracy Rd, Northwood, OH 43619-1006
      View Details
    • Value Estimation
      $3,855,000
      180,900 SF

      6705 Wales Rd

      WAREHOUSE, STORAGE
      6705 Wales Rd, Northwood, OH 43619-1011
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    • Value Estimation by Request
      5,000 SF

      201 Andrus Rd

      WAREHOUSE, STORAGE
      201 Andrus Rd, Northwood, OH 43619-1303
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    • Value Estimation
      $525,000
      9,270 SF

      411 Lemoyne Rd

      WAREHOUSE, STORAGE
      411 Lemoyne Rd, Northwood, OH 43619-1626
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      213,687 SF

      Industrial Buildings Near I-75

      Three adjoining industrial buildings with credit tenant near I-75.
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      Warehouse with LED Lighting

      Warehouse property featuring LED lighting, available for sale.
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      Northwood Industrial Center For Sale

      71,687 SF industrial center with long-term tenants in place.
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      Prime Industrial Land Opportunity

      6.5 acres of industrial land in Northwood, Ohio.
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    Similar Nearby for Lease

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      Warehouse, Office, and Flex Space

      Secure warehouse, office, and flex space for small businesses.
      2550 Tracy Rd, Northwood, OH 43619
      View Details
    • Contact for pricing
      45,900 SF

      Northwood Warehouse Space Available

      45,900 sq ft warehouse/industrial space for lease.
      6610 Fairfield Dr, Northwood, OH 43619
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      Industrial Land with Tax Abatement

      Industrial land for lease with CRA tax abatement.
      Wales Rd, Northwood, OH 43619
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      Commercial Property for Rent

      Commercial property available for rent at 240 W. Andrus Road.
      240 W Andrus Rd, Northwood, OH 43619
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      Industrial Land For Rent

      Industrial land available for single tenant occupancy.
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    Northwood, OH 43619
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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.

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    2550 Tracy Rd, Northwood, OH, 43619
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