Land with Heated
For Sale
$550,000
5436 Oh-187, Mechanicsburg, OH 43044
LAND - Mechanicsburg, OH
Property Size4,544 SF
Lot Size5.33 Acres
Price / SF$121.04
Days on Market94
Property Features for 5436 Oh-187
General Information
Property type
Land
Property subtype
Other
Zoning description
.
Elementary school district
MECHANICSBURG EVSD 1102 CHA CO.
Middle school district
MECHANICSBURG EVSD 1102 CHA CO.
High school district
MECHANICSBURG EVSD 1102 CHA CO.
Standard status
Active
APN
26-00018.000
Lot size
5.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2044
Utilities
Utilities
Water Available
Sewer type
Private Sewer
Building Details
Year built
1975
Listing Agency:
Key Realty
(877) 539-7589
Listed By:
Amber R Dickey
(614) 565-9805
Added: May 1
Changed: Aug 1
Last Checked: Aug 2 at 8:06AM
MLS# 226014982
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This property offers a 5.33-acre building site with a substantial outbuilding. The 4,544 square foot structure includes heat and electricity, along with office space and a full bath, providing both functional workspace and dedicated storage capacity.
The parcel is located at 5436 OH-187 in Mechanicsburg, Ohio, in Madison County, and is described as part of the Mechanicsburg Schools area.
The seller also notes an additional adjacent 11.328-acre parcel available for purchase, with the option to combine both parcels for an expanded property footprint.
The parcel is located at 5436 OH-187 in Mechanicsburg, Ohio, in Madison County, and is described as part of the Mechanicsburg Schools area.
The seller also notes an additional adjacent 11.328-acre parcel available for purchase, with the option to combine both parcels for an expanded property footprint.
Key Highlights
- Breathtaking hilltop setting on 5.33 scenic acres with panoramic views.
- Remarkable 4,544 sq ft outbuilding with heat, electricity, office space, and full bath.
- Ideal for equestrian enthusiasts, hobby farmers, or car collectors.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.1k | $6.41 |
| − Vacancy | −$2.5k | −$0.54 |
| EGI | $26.7k | $5.87 |
| − OpEx | −$4.0k | −$0.88 |
| NOI | $22.7k | $4.99 |
4,544 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$323.9K
$283.4K – $377.9K
NOI $22,673 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,722 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 43044, OH
5,352
Population
2,054
Households
2.6
Avg Household Size
41
Median Age
16%
College-Educated
94%
High-School Grad
79.5 sq mi
ZIP Area
67
Density / Sq Mi
$68,141
Median Household Income
$40,910
Median Earnings
$797
Median Rent
$215,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 5.33-acre hilltop site with a 4,544 SF outbuilding including heat, electricity, office space, and a full bath.
Where is this residential land & home lot located?
The property is located at 5436 Oh-187 Mechanicsburg, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Breathtaking hilltop setting on 5.33 scenic acres with panoramic views.; Remarkable 4,544 sq ft outbuilding with heat, electricity, office space, and full bath.; Ideal for equestrian enthusiasts, hobby farmers, or car collectors.
