Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Growing Marysville Area Title is generated by Realmo AI

    401-491 Colemans Crossing Blvd, Marysville, OH 43040

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land near headquarters of major companies and future technology park.

    Type:Land, Retail
    Lot size:
    203.00 Acres
    Added:
    Oct 11, 2023
    Days on Market:
    969
    Last Refresh:
    May 12 at 9:36 pm

    Property Features for 401-491 Colemans Crossing Blvd

    General Information

    Standard status
    Active
    Lot size
    203.00 Acres
    Property subtype
    Land, Retail

    We can help!

    Listing Contact
    Jon Leffler

    Listing agent Jon Leffler License #OH 399925

    Listing office Colliers - Columbus, Ohio

    Listing date Oct 11, 2023

    Source Crexi

    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 Colliers - Columbus, Ohio

    HighLights

    • Proximity to major employers like Honda Engineering, Scotts Miracle Gro, Nestle R&D, and Veyance Technologies (Goodyear).
    • Location in Marysville, the County Seat, ensuring a stable employment base.
    • Recent investments by Sumitomo Electric Wiring Systems and Moriroku Technology.
    • Development of 33 Innovation Park, a technology park focused on advanced manufacturing and research.
    • Over 60 businesses located in Union County.
    • US DOT grant to improve travel along Rte. 33 to Dublin.

    Overview

    Located in Marysville, the county seat with a significant number of government employees and the Memorial Hospital of Union County, this land benefits from the area's strong business presence. Union County is home to over 60 businesses, including headquarters for Honda Engineering North America, Scotts Miracle Gro, Nestle R&D, and Veyance Technologies Inc. (Goodyear Tire and Rubber Co.). In 2015, Sumitomo Electric Wiring Systems established a new 355,000 square foot facility, consolidating four locations, while Moriroku Technology constructed a new 41,000 square foot facility, adding 50 jobs, both situated on Industrial Parkway. The City of Marysville acquired 203 acres along Industrial Parkway in late 2016 to develop 33 Innovation Park, a technology park intended as a hub for advanced manufacturing and research development. Furthermore, the US DOT has awarded a $6 million grant to enhance travel technology along Route 33 from Marysville to Dublin, aiming to improve driving conditions and detour planning.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    • $3,995,000
      40,000 SF

      Development Land For Sale

      8.16 acres of commercial land with utilities in Marysville.
      16789 Square Drive, 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
      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
    • $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
    • $295,000

      Rare 1.6-Acre Estate Lot

      Estate lot in rapidly developing corridor near Dublin and Marysville.
      15319 Fish Road, Marysville, OH 43040
      View Details
    • $500,000

      Private Country Estate Lot

      Build your country estate on a private, easy-access tract with electric service available through Ohio Edison.
      Bell Road, Marysville, OH 43040
      View Details
    • $485,000

      Residential Building Lot With Space

      A build-ready country lot with deed restrictions and Ohio Edison electric for your estate-style home plans.
      Bell Road, Marysville, OH 43040
      View Details
    • $485,000

      Estate Home Building Lot

      Quiet country building lot with deed restrictions and electric available through Ohio Edison.
      Harriott Road, Marysville, OH 43040
      View Details
    • $475,000

      Residential Building Lot

      A quiet country building lot with deed restrictions and electric service available through Ohio Edison.
      Bell Road, Marysville, OH 43040
      View Details
    • $475,000

      Estate Home Building Lot

      A deed-restricted 5-acre building lot with Ohio Edison electric available on a quiet country road.
      Harriott Road, Marysville, OH 43040
      View Details
    • $299,900

      Marysville Land with Barn

      5+ acres with barn, well, septic, and pasture posts.
      14419 Ohio 4, Marysville, OH 43040
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land near headquarters of major companies and future technology park.
    Where is this commercial land located?
    The property is located at 401-491 Colemans Crossing Blvd Marysville, OH.
    What are key features of this property?
    This property features: Proximity to major employers like Honda Engineering, Scotts Miracle Gro, Nestle R&D, and Veyance Technologies (Goodyear).; Location in Marysville, the County Seat, ensuring a stable employment base.; Recent investments by Sumitomo Electric Wiring Systems and Moriroku Technology.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jon Leffler
    Real Estate License ID: OH 399925
    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
    401-491 Colemans Crossing Blvd, 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!