Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    124 N Plum St Marysville, OH 43040

    Sponsored
    For Lease
    Under Contract
    $3,500 /Mo ($11 SF/Yr)

    COMMERCIAL - Marysville, OH

    Property size:
    3,774 SF
    Days on Market:
    90
    Last Refresh:
    Feb 12 at 11:06 am

    Property Features for 124 N Plum St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    APN
    29-0008102.0000
    Parking
    15
    Size
    3,774 SF

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    James E Wimmers

    Consultants Realty, LLC (614) 932-2000

    Listing agent James E Wimmers (937) 644-1111

    Listing date Nov 15, 2025

    MLS# 225039440

    Copyright © 2025 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Uptown Marysville Commercial Lease Opportunity

    This commercial space, previously used in the automotive industry, is available for lease in Uptown Marysville. The property features a corner lot with ample parking. The owner is seeking a minimum three-year lease term. The building has 3,774 square feet of space. The property offers great visibility and exposure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    JMA Auto Sales ... Car Dealership Marysville Public Parking ... Parking Lot & Garage

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Enterprise Rent-A-Car, Gibson Brothers Trailer Rentals

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.36531
    Latitude
    40.237058

    Nearby Similar for Lease

    • $1,800 /Mo
      300 SF

      Renovated Office Space with Rooftop

      Newly renovated coworking space with rooftop patio in Marysville, OH.
      129 N Main St Unit, Marysville, OH 43040
      View Details
    • $650 /Mo
      7,726 SF

      Renovated Office Space in Marysville

      Renovated private office in Uptown Marysville. Utilities included.
      116 S Main St, Marysville, OH 43040
      View Details
    • Contact for pricing
      112,000 SF

      Modern Industrial Space in Marysville

      New multi-tenant facility for manufacturing, R&D, or office warehouse.
      1200 Innovation Way, Marysville, OH
      View Details
    • Contact for pricing
      250,829 SF

      Spacious Warehouse with Modern Amenities

      Expansive warehouse space with high ceilings and flexible layout.
      1010 Innovation Way, Marysville, OH
      View Details
    • Contact for pricing
      17,000 SF

      New Retail Space Available

      New retail spaces in growing Marysville development for lease.
      Us 36, Marysville, OH
      View Details
    • Contact for pricing

      Industrial Manufacturing Space Near Honda

      75,000 SF industrial space near Honda manufacturing plant.
      Marysville, OH 43040
      View Details
    • $23 SF/Yr
      3,491 SF

      Downtown Marysville Restaurant/Bar

      Prime location, patio, ample parking.
      0 5Th St, Marysville, OH 43040
      View Details
    • Contact for pricing
      950 SF

      Meijer In-Store Retail Space

      950 SF Retail Space in Marysville, OH
      930 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • $43 SF/Yr
      3,906 SF

      Prime Marysville Retail Space

      Class A retail space, two suites available.
      878 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • $0.06 SF/Yr
      7,684 SF

      Marysville Retail/Office Opportunity

      New Construction, High Traffic Area, 7,684 SF
      1180-1188 5Th St, Marysville, OH 43040
      View Details
    • $13 SF/Yr
      2,250 SF

      Flex Space with Heated Warehouse

      Combined flex space with office and heated warehouse available for rent.
      1000-1028 Columbus Ave, Marysville, OH 43040
      View Details
    • Contact for pricing
      1,850 SF

      New Retail Spaces Available

      New construction retail spaces available in multi-tenant strip center.
      878 Colemans Xing Blvd, Marysville, OH
      View Details

    FAQs

    What type of property is this?
    Automotive property - Commercial space in Uptown Marysville with great visibility and exposure.
    Where is this automotive property located?
    The property is located at 124 N Plum St Marysville, OH.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - High visibility and exposure due to corner lot location.; - Ample parking space available.; - Located in Uptown Marysville.
    (937) 644-1111
    Request Owner's contact information
    124 N Plum St Marysville, OH 43040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    124 N Plum St
    Marysville, OH 43040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 N Plum St Marysville, OH 43040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James E Wimmers
    (937) 644-1111
    Learn more
    Google sign-in failed. Please try again or use another login method.