Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1200 Innovation Way Marysville, OH 43040

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New multi-tenant facility for manufacturing, R&D, and office warehouse.

    Type:Industrial
    Property size:
    112,000 SF
    Added:
    Nov 26, 2025
    Days on Market:
    161
    Last Refresh:
    Apr 5 at 9:19 pm

    Property Features for 1200 Innovation Way

    General Information

    Standard status
    Active
    Size
    112,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2023

    Properties For Sale

    at 1200 Innovation Way Contact us

    We can help!

    Listing Contact
    Mike Spencer, SIOR

    Listing agent Mike Spencer, SIOR

    Listing office

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Mike Spencer, SIOR

    Overview

    Modern Industrial Space in Marysville

    Building 2 is a new multi-tenant facility designed for advanced manufacturing, research and development, and office warehouse use. Located in the 33 Innovation Park in Marysville, Ohio, the building offers flexible suite layouts starting from 24,000 square feet. The building's design allows for a dock door and a drive-in door for each 8,000 square foot increment. The property features an ESFR sprinkler system, 28-foot clear height, LED lighting with motion sensors, and a 47-foot column depth. Its rear loading layout provides a modern industrial space suitable for various operations. The 33 Innovation Park offers visibility and frontage on US 33 and Industrial Parkway, with access to US 33 via the US 36 (Delaware Ave) interchange to the north and the Scottslawn Road interchange to the south. The park is located south of the Coleman's Crossing retail, restaurant, and commercial development, as well as the Union County Airport in Marysville. It is 2 miles from Scotts Miracle-Gro Corporate HQ, 8 miles from the US 42 interchange, 9 miles from the future FedEx NW Hub, 12 miles from Honda of America Manufacturing Plant, 15 miles from Columbus I-270 Outerbelt, 18 miles from the Transportation Research Center (TRC), and 50 miles from I-75. The 33 Smart Mobility Corridor (The Beta District) is experiencing rapid growth in advanced manufacturing, research, and development.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.3629
    Latitude
    40.2637

    Nearby Similar for Sale

    • $945,000
      8,905 SF

      Versatile Commercial Space in Marysville

      Spacious commercial property with ample parking near Uptown Marysville.
      231 N Main Street, Marysville, OH 43040
      View Details
    • $650,000
      5,200 SF

      Retail and Warehouse Space Available

      Versatile commercial property with retail, storage, and shop functionality.
      906 E 5th St, Marysville, OH 43040
      View Details
    • $289,999
      1,854 SF

      Duplex Investment Opportunity in Marysville

      Well-maintained duplex with steady rental income in Marysville, Ohio.
      511 E 5th Street, Marysville, OH 43040
      View Details
    • $650,000
      7,600 SF

      Retail, Storage, and Shop Building

      Two-story building with retail, storage, and shop functionality.
      906 E 5th St, Marysville, OH
      View Details
    • $329,000

      Marysville Duplex For Sale

      Twin single duplex in Marysville, both units currently rented.
      449 Windmill Dr, Marysville, OH 43040
      View Details
    • $3,995,000
      40,000 SF

      Marysville Warehouse For Sale

      40,000 square foot warehouse in Union County, Ohio.
      16789 Square Drive, Marysville, OH 43040
      View Details
    • $3,995,000
      40,678 SF

      Marysville Warehouse with Dock Doors

      Well-maintained warehouse with multiple dock doors and ample parking.
      16789 Square Dr, Marysville, OH
      View Details
    • Contact for pricing
      7,500 SF

      New Retail Strip Center Available

      New construction retail space with high traffic potential.
      1130 Columbus Ave, Marysville, OH
      View Details
    • Contact for pricing
      250,829 SF

      Prime Industrial Property in Marysville

      Exceptional industrial property with modern amenities in a strategic location.
      1020 Innovation Way, Marysville , OH 43040
      View Details
    • $303,900
      1,580 SF

      Mixed-Use Property in Downtown Marysville

      Mixed-use property with residential and income-producing office space.
      804 W 5th Street, Marysville, OH 43040
      View Details
    • $299,999

      Marysville Duplex Investment Opportunity

      Well-maintained duplex with steady rental income in Marysville, Ohio.
      511 E 5th Street, Marysville, OH 43040
      View Details
    • Contact for pricing
      122,850 SF

      Marysville Warehouse and Industrial Property

      122,850 SF warehouse/industrial property in Marysville, OH.
      1001 Innovation Wy, Marysville, OH
      View Details

    FAQs

    What type of property is this?
    Warehouse - New multi-tenant facility for manufacturing, R&D, and office warehouse.
    Where is this warehouse located?
    The property is located at 1200 Innovation Way Marysville, OH.
    What are key features of this property?
    This property features: New, state‑of‑the‑art multi‑tenant advanced manufacturing / research & development / office warehouse facility.; Flexible suite layouts from 24,000 SF and up.; Excellent location in the 33 Innovation Park with outstanding visibility and frontage on US 33 and Industrial Parkway.
    (614) 353-3852
    We can help!
    Listing Contact
    Mike Spencer, SIOR
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1200 Innovation Way, Marysville, OH 43040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!