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Property profile

785 Freedom St Ravenna, OH 44266

OFF-MARKET
Office Spaces
Property ID
US66-0898057
4,064 SF 5.56 ac lot Built 1952
Entity Owned 2-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional industrial property, located at 785 N Freedom St, Ravenna, OH 44266, offers a prime opportunity for manufacturing businesses. The property encompasses a substantial 60,420 square feet across two single-story buildings, constructed in 1947 and extensively renovated in 2013. The site sits on a generous 5.561-acre lot and is zoned I-1. The facility features a variety of space options, with a minimum divisible space of 21,013 square feet and a maximum contiguous space of 21,257 square feet. Currently, 33,612 square feet is available for lease. Building features include 18" eave height and 19'8" peak ceilings, providing ample vertical space. Loading and unloading is facilitated by three loading docks and one drive-in door. The property boasts robust electrical service with 400 Amp / 480 Volt 3-phase power. This well-maintained property presents a unique opportunity for businesses seeking a versatile and functional manufacturing space in a convenient location. The property's multiple suite configuration allows for flexibility in tenant needs. The address is 785 N Freedom St, Ravenna, OH 44266, and the APN is 31-316-10-00-141-000. This is a rare opportunity to secure a well-located, sizable manufacturing facility in a thriving Ohio market.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1952
Total area 4,064 SF
Lot 5.56 ac (242,237 SF)
APN 31-316-10-00-141
UPID US66-0898057

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
  • Corporate Office
  • Warehouse & Storage
  • Industrial Manufacturer Production Facility
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.78M

Owner & transaction history

since 2024
Last sale
$2.6M
7 recorded transactions
2024
$2.6M
2022
Price N/A
2021
$2.5M
2019
$125
2017
Price N/A
2013
$710,000
2008
$1.2M

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
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