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Property profile & analytics
FOR SALE
Manufacturing properties

670 Sherman St Geneva, OH 44041

3,600 SF 0.29 ac lot Built 1935
Individually Owned 7-yr Hold Free & Clear
Property ID
US66-2054063
Property summary
AI-generated overview

This exceptional mixed-use property in Geneva, Ohio presents a compelling investment opportunity or owner-occupancy scenario. The 7,875 square foot building, constructed in 1935 with renovations in 1985, comprises a 4,095 square foot warehouse, a 1,890 square foot office space, and two 1,890 square foot apartments on the upper level. Currently, the apartments generate a combined monthly gross lease income of $3,550, although leases expire in May 2022. The warehouse features a 12' x 12' drive-in door, 13-foot clear ceiling height, 600 amp, 208-volt, 3-phase power, and T-5 lighting. The property sits on a 0.46-acre lot, with an additional 0.17 acres available for outside storage. The building is of block construction with a metal roof. Zoned R-4 (Single Family Residential-High Density), the warehouse's use is legally non-conforming. The property enjoys a convenient location off SR 534, with easy access to US 20, SR 84, and Interstate 90. The asking price is $315,000, representing a price per square foot of $40. The seller is open to leasing back the office and warehouse space for $1,400 per month gross. This property offers a unique blend of income potential and versatile space, making it an attractive proposition for a variety of buyers.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1935
Construction WOOD
Total area 3,600 SF
Lot 0.29 ac (12,545 SF)
APN 20-015-00-096-00
UPID US66-2054063
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
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
Kourtney Martin-anderson · 7 yrs held
Kourtney Martin-anderson
since 2019
6 recorded transactions
2022
Price N/A
2022
Price N/A
2020
Price N/A
2019
Price N/A
2017
$86,100
2014
$72,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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