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    1419 Wayne St Celina, OH 45822

    Sponsored
    For Sale
    $349,000

    COMMERCIAL - Other - Celina, OH

    Property size:
    2,016 SF
    Lot size:
    0.90 Acres
    Days on Market:
    33
    Last Refresh:
    Feb 23 at 4:06 pm

    Property Features for 1419 Wayne St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    270271000000
    Parking
    10
    Exterior features
    Overhead Door(s)
    Appliances
    Gas Water Heater
    Size
    2,016 SF
    Lot size
    0.90 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Building materials
    Metal Siding, Wood Siding
    Architectural style
    Other
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Deborah A Borns
    Deborah A Borns

    Bode, Inc. DBA Lakeshore (419) 305-1558

    Listing agent Deborah A Borns (419) 586-6427

    Listing date Jan 22, 2026

    MLS# 1037003

    Copyright © 2026 Western Regional Information Systems and Technology, Inc. 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

    Versatile Commercial Property in Celina, OH

    This property, situated in a high-demand commercial and industrial corridor in Celina, OH, offers flexibility and long-term value. The site has access to full municipal utilities, including storm sewer, sanitary sewer, city water, electric, and natural gas. A 36x56 building with 10' ceilings and two 8x10 overhead doors is present on the property. An additional 2 acres can be purchased. The location is near major employers, healthcare facilities such as Mercer Health Medical Center one block away, and national retailers. The property is directly across the street from an industrial park and one block from Crown Manufacturing. Retail and commercial hubs are located within 1/4 mile, including Walmart, Menards, Dunham's Sporting Goods, Ruler Foods, McDonald's, and Harbor Freight. The location benefits from high traffic counts and excellent visibility. The property is suited for a range of commercial, industrial, or mixed-use developments, including construction firms, warehousing, distribution, manufacturing support, and logistics-based businesses. It also presents opportunities for medical offices, outpatient services, pharmaceutical support, wellness providers, and professional services, as well as B2B operations, suppliers, service providers, and industrial support businesses. The property has versatile zoning potential for industrial, commercial, medical, or service-based users and benefits from a strong labor pool due to surrounding industrial, medical, and retail employers. The property size is 2016 square feet on a lot of approximately 0.9 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Mercer
    State
    Ohio
    Longitude
    -84.550481
    Latitude
    40.559987

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    FAQs

    What type of property is this?
    Specialty property - Strategically located property ideal for various commercial or industrial developments.
    Where is this specialty property located?
    The property is located at 1419 Wayne St Celina, OH.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Prime location in a high-demand commercial and industrial corridor with versatile zoning.; - Full municipal utilities available (Storm Sewer, Sanitary Sewer, City Water, Electric, Natural Gas).; - Proximity to major employers (Crown Manufacturing), Mercer Health Medical Center, and national retailers (Walmart, Menards).
    (419) 305-1558
    Request Owner's contact information
    1419 Wayne St Celina, OH 45822
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    Celina, OH 45822
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    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
    1419 Wayne St Celina, OH 45822
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    We can help!
    Listing Contact
    Deborah A Borns
    Deborah A Borns
    (419) 305-1558 (419) 586-6427
    Learn more
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