5453 ROAN RD
For Sale | 7,200 SF Small Bay Flex Building
Marketing description
5453 ROAN RD. at 5453 Roan Rd., Sylvania, OH 43560 presents an exceptional opportunity to acquire a fully occupied 7,200 SF small-bay flex building in one of Northwest Ohio’s most desirable suburban markets. Configured for multi-tenant occupancy with three in-place tenants, the property delivers immediate, diversified cash flow and reduces single-tenant vacancy risk.
Positioned on 0.32 acres and zoned 31-M1 Light Industrial, the asset features functional 1,800 to 3,600 SF suites with grade-level loading, making it highly attractive to a broad range of light industrial, service, trade, distribution, and small manufacturing users. The offering is supported by a strong in-place NOI of approximately $45,933 and a compelling 9.00% cap rate, with additional upside through future rent growth as current rents trend below market.
Located in affluent Sylvania near Monroe Street, I-475, and U.S. 23, the property benefits from outstanding regional access, strong surrounding demographics, and proximity to major retail, healthcare, and employment drivers. This is a rare chance to secure a stabilized flex investment with income today and upside tomorrow.
Investment highlights
- 100% occupied multi-tenant flex — three in-place tenants across 7,200 SF provide diversified, stabilized cash flow and insulate ownership from the binary vacancy risk of a single-tenant asset
- Attractive 9.00% cap rate on $45,933 NOI — strong going-in yield relative to comparable Northwest Ohio flex and small-bay product
- Mark-to-market upside — in-place rents averaging $8.67/SF leave room to push toward market on renewal or rollover across the three units
- Functional small-bay configuration — 1,800–3,600 SF suites with grade-level loading appeal to the deep pool of local users (trades, light manufacturing, distribution, service), keeping the re-tenanting universe wide
- High-demand Sylvania location — affluent suburban submarket (avg. HH income $105K+ within 1 mile) with immediate access to I- 475/U.S. 23 and the Monroe St. retail corridor
- Flexible 31-M1 Light Industrial zoning supports a broad range of permitted uses, supporting long-term tenant demand and exit optionality
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
