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

    376 Dry Lane Rd La Rue, OH 43332

    Sponsored
    For Sale
    $350,000

    Commercial Building - LaRue, OH

    Property size:
    10,300 SF
    Lot size:
    1.29 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 25 at 12:06 am

    Property Features for 376 Dry Lane Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    210280001609
    Parking features
    Garage, Garage - Attached
    Size
    10,300 SF
    Lot size
    1.29 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet, Tile
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Benjamin Higgins

    Ben Higgins Realty & Auction Co, LLC (740) 387-5111

    Listing agent Benjamin Higgins (740) 387-5111

    Listing date Jan 23, 2026

    MLS# 11636464 Listing URL

    Copyright © 2026 My State MLS. 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 Building in LaRue, OH

    This 10,300 sq. ft. commercial property, situated on 1.286 acres, presents a multitude of opportunities. The property includes a 26' x 60' finished office space, complete with a full bathroom, tile floor entrance, carpeted office room, and LED lighting. A 24' x 60' finished meeting room features a large L-shaped bar and a full kitchen. The property also boasts a 50' x 100' concrete floor shop equipped with two overhead doors, six ceiling fans, infrared heaters, and two bathrooms. An additional overhead door at the rear provides access to extra storage space with shelving. Connected to the side is a 25' x 100' lean-to with an overhead door leading outside. The building is equipped with central air, propane heat, and septic, and internet is available. The property is surrounded by 27,000 sq. ft. of concrete. Potential uses for the property include a barndominum residence, event venue, or company facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dry Lane Construction ... General Contractor

    Suggested Use

    Building Supply Hotel & Motel Convenience Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    La Rue
    County
    Marion
    State
    Ohio
    Longitude
    -83.361705
    Latitude
    40.591669

    Nearby Similar for Sale

    • $1,389,705
      10,500 SF

      Retail Property in La Rue

      Retail property available for sale in La Rue, Ohio.
      High St, La Rue, OH 43332
      View Details
    • $475,000
      10,300 SF

      Prime La Rue Commercial Property

      10,300 SF Special Purpose Building
      376 Dry Lane Rd, La Rue, OH 43332
      View Details

    FAQs

    What type of property is this?
    Wedding venue - 10,300 sq ft commercial property on 1.286 acres with endless possibilities.
    Where is this wedding venue located?
    The property is located at 376 Dry Lane Rd La Rue, OH.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - 10,300 sq. ft. commercial property on 1.286 acres with 27,000 sq. ft. of concrete.; - Versatile space suitable for residence, event venue, company facility, or storage.; - Finished Office: Includes a 26' x 60' finished office with bathroom and a 24' x 60' finished meeting room with bar and kitchen.
    (740) 387-5111
    Request Owner's contact information
    376 Dry Lane Rd La Rue, OH 43332
    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.
    376 Dry Lane Rd
    La Rue, OH 43332
    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
    376 Dry Lane Rd La Rue, OH 43332
    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
    Benjamin Higgins
    (740) 387-5111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.