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    217 East Lugbill Road Archbold, OH 43502

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    For Sale
    $2,750,000

    67,642 SF industrial building with cranes and climate labs.

    Type:Industrial
    Property size:
    67,642 SF
    Price / SF:
    $40/SF
    Added:
    Nov 22, 2025
    Days on Market:
    163
    Last Refresh:
    Dec 3 at 5:03 am

    Property Features for 217 East Lugbill Road

    General Information

    Standard status
    Active
    Size
    67,642 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    VIRGINIA RAMIREZ
    VIRGINIA RAMIREZ

    Listing agent VIRGINIA RAMIREZ License #01771006

    Listing office ELEVATE REAL ESTATE AGENCY

    Listing date Nov 22, 2025

    Source Naiglobal

    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 ELEVATE REAL ESTATE AGENCY

    Overview

    Industrial Building with Climate Labs

    The subject property is a 67,642 square foot industrial building situated on 3.38 acres. The building features six grade-level doors, substantial office space, and heavy power. The office area incorporates two climate-controlled labs, conference rooms, a display area, two bullpen areas, and multiple individual offices. The facility also includes two 5-ton cranes. Archbold, Ohio, is known for its agricultural sector and robust manufacturing economy. The property is located on E Lugbill Rd in Archbold, surrounded by other industrial properties, and is near SR 66. I-80/90 Ohio Turnpike and US 6 are both within minutes. Norfolk Southern rail serves Archbold as part of a transcontinental freight route connecting Chicago and the East Coast, including the New York and New Jersey ports. The Port of Toledo is 54 miles away. Archbold is home to companies such as Sauder Woodworking, ConAgra, Sauder Manufacturing, Archbold Furniture Co, Frozen Specialties, Sanoh America and Green Bay Packaging. Fulton County Economic Development is actively involved in the area and the growth of the workforce. Archbold is in a Foreign Trade Zone. State and local incentives are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing 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
    Archbold
    County
    Williams
    State
    Ohio
    Longitude
    -84.3038595
    Latitude
    41.5100785

    Nearby Similar for Sale

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    • $2,750,000
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      67,643 SF Industrial Building

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    FAQs

    What type of property is this?
    Manufacturing property - 67,642 SF industrial building with cranes and climate labs.
    Where is this manufacturing property located?
    The property is located at 217 East Lugbill Road Archbold, OH.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 67,642 SF industrial building on 3.38 acres with heavy power; Excellent location near interstates (I‑80/90 Ohio Turnpike) and close to SR 66 and US 6; Includes two 5‑ton cranes
    (419) 438-5839
    We can help!
    Listing Contact
    VIRGINIA RAMIREZ
    VIRGINIA RAMIREZ
    Real Estate License ID: 01771006
    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.

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