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    FOR SALE
    Flex space

    7 School St, Laura, OH 45337

    28,160 SF 0.35 ac lot Built 1969
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US66-0662253
    Property summary
    AI-generated overview

    This exceptional industrial warehouse, located at 7 School St, Laura, OH 45337, presents a compelling investment opportunity. Boasting 28,000 square feet of space, this two-story building, constructed in 1969, is zoned L-1 (Light Industrial) and features four dock-high doors for efficient loading and unloading. The property includes a functional freight elevator and a conveyor system, enhancing operational efficiency. The warehouse also benefits from a recently upgraded energy-efficient LED lighting system, reducing operational costs. Adding to its appeal is a secure, fenced outdoor storage area, providing ample space for additional inventory or equipment. The asking price is $299,000, translating to a competitive price per square foot of $10.68. The property's features include a 10-foot ceiling height and an air compressor. The property's APN is L36-002240, L36-002260, & L36-001200. This warehouse offers significant potential for a variety of industrial uses and represents a strong value in the current market. The price has been significantly reduced, making this an even more attractive proposition. Competitive lease rates are also available. Don't miss this chance to acquire a well-equipped and strategically located industrial property.

    Property profile
    Verified
    Property type Flex space
    Use group LIGHT INDUSTRIAL
    Year built 1969
    Total area 28,160 SF
    Lot 0.35 ac (15,246 SF)
    APN L36-002240
    UPID US66-0662253
    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
    $570k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $655k
    Blend (final) Blend
    $570k
    Owner & transaction history
    Piqua Men Of Steel LLC · 4 yrs held
    Piqua Men Of Steel LLC
    since 2021
    1 recorded transaction
    2021
    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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