555 Poe Rd North Baltimore, OH 45872
- Warehouses
- 0.11 lot acres
Current Use by Public Records
- Warehouses
Property Details for 555 Poe Rd
- Lot size
- 0.11 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- F23-310-3601-18-003.000
- APU
- F23310360118003000
Description
This exceptional 14,400-square-foot self-storage facility in North Baltimore, Ohio presents a compelling investment opportunity. Located on a 1.07-acre lot at 555 S Poe Rd, 45872, this property boasts 110 units and offers significant potential for growth. Built in 1988, the facility is conveniently situated approximately one mile from I-75, providing easy access for both local residents and commuters. North Baltimore's strategic location, approximately 36 miles south of Toledo and 12 miles north of Findlay, ensures a robust market for self-storage services. The property currently exhibits a 79.1% economic occupancy, generating a projected annual gross potential rent of $91,280 and a pro-forma NOI of $52,851, resulting in an attractive pro-forma cap rate of 8.13%. The asking price is $650,000, with an occupancy date of December 9, 2024. This drive-up facility represents a rare opportunity to acquire a well-established, high-performing self-storage asset in a desirable location. The property's strong performance and convenient location make it an ideal investment for owner-users seeking a stable and profitable venture.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $265,000
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Location Insight
- Map
- Local Demand
- City
- North Baltimore
- County
- Wood
- State
- Ohio
- Longitude
- -83.6641
- Latitude
- 41.1754
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
