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    Cash Flowing Self-Storage Facility Title is generated by Realmo AI

    1095 Co Rd 26, Marengo, OH 43334

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    Self-storage facility with 129 units and outdoor parking rentals.

    Type:Self Storage
    Property size:
    17,400 SF
    Lot size:
    2.17 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    43
    Last Refresh:
    Apr 1 at 11:53 am

    Property Features for 1095 Co Rd 26

    General Information

    Standard status
    Active
    Size
    17,400 SF
    Lot size
    2.17 Acres
    Property subtype
    Self Storage

    We can help!

    Listing Contact
    Justin Clark
    Justin Clark

    Listing agent Justin Clark

    Listing office Franklin Street - Corporate

    Listing date Apr 1, 2026

    Source Franklinst

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street - Corporate

    HighLights

    • Cash flowing self‑storage facility with upside potential.
    • Opportunity to increase revenue through lease up, rent increases, and fee income.
    • Low market saturation (4.9 SF/Capita within five miles).
    • Strong average household income ($94,567 within three miles).
    • Excellent candidate for remote management with automatic gate and management software.
    • Room for additional storage building or portable storage units on 2.17 acres.

    Overview

    This cash flowing self-storage facility features 129 non-climate controlled units, totaling 17,400 net rentable square feet, and 17 outdoor parking rentals. Situated on two parcels totaling 2.17 acres, the property offers room for an additional storage building or portable storage units. The facility benefits from an automatic gate, keypad entry, and management software, making it an excellent candidate for remote management. Located in Marengo, Central Ohio, approximately 30 miles north of downtown Columbus, the property is within the Columbus MSA, home to 2,180,271 residents. The area boasts a very strong average household income of $94,567 within three miles. There is an opportunity to increase revenue through lease up, stabilization, and the implementation of existing customer rent increases. The low market saturation of 4.9 SF/Capita within five miles of the property suggests the possibility of sticky tenants and future rent increases. Additional revenue opportunities exist through maximizing fee income and the implementation of tenant insurance sales.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    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
    Marengo
    County
    Morrow
    State
    Ohio
    Longitude
    -82.811862
    Latitude
    40.393599

    FAQs

    What type of property is this?
    Self storage facility - Self-storage facility with 129 units and outdoor parking rentals.
    Where is this self storage facility located?
    The property is located at 1095 Co Rd 26 Marengo, OH.
    What are key features of this property?
    This property features: Cash flowing self‑storage facility with upside potential.; Opportunity to increase revenue through lease up, rent increases, and fee income.; Low market saturation (4.9 SF/Capita within five miles).
    (813) 793-8488
    We can help!
    Listing Contact
    Justin Clark
    Justin Clark
    Learn More
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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
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