You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

4200 Benefit Ave Ashtabula, OH 44004

Manufacturing properties Google Maps
293,441 SF 19.05 ac lot Built 1947
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$875k
Range $788k – $963k (±10%)
Property ID US66-1812670

Property summary

AI-generated overview

This exceptional 283,527 square foot industrial property in Ashtabula, Ohio, presents a compelling investment opportunity. Situated on a 19.05-acre lot with convenient access to US Route 20 and State Routes 11 & 45, this two-story building boasts 10 loading docks, 10 drive-in doors, and impressive ceiling heights ranging from 15 feet to 23 feet 6 inches. The property includes a 3,000 KVA power station, a truck scale, and extensive outdoor storage. Currently, portions are leased to Great Lakes Shipyard (114,000+ SF) and Associated Materials (42,000+ SF), leaving 127,527+ square feet available. Built in 1947, the building features a dry sprinkler system, multiple cranes, and is mostly fenced. While rail access has been removed, it's feasible to reinstate. The property is zoned industrial and offers five distinct areas within the plant. All city utilities are available. The asking price is $3,500,000, translating to $12.34 per square foot. The APN is 05-309-00-008-00. This property is ideal for a variety of manufacturing and warehousing operations.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1947
Construction CONCRETE BLOCKS
Total area 293,441 SF
Lot 19.05 ac (829,818 SF)
APN 05-309-00-008-00
UPID US66-1812670

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Construction Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.91M
Blend (final) Blend
$875k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Retail stores $11.3M +43.3%
Warehouse, storage $9.4M +18.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message