Hilltop Acreage with Heated
5436 Oh-187 Mechanicsburg Mechanicsburg, OH 43044
5436 Oh-187 Mechanicsburg, Mechanicsburg, OH, 43044
$550,000
For Sale
$550,000
5.33-acre hilltop parcel includes a 4,544 SF outbuilding with heat, electricity, office space, and a full bath.
Property Size4,544 SF
Lot Size5.33 Acres
Price / SF$121.04
Days on Market16
Property Features for 5436 Oh-187 Mechanicsburg
General Information
- Standard status
- Active
- Size
- 4,544 SF
- Lot size
- 5.33 Acres
- Property subtype
- Land
Building Details
- Year Built
- 1975
Listing agency
(614) 660-5959
Listed by
Joe Herban
(614) 660-5959
Source
Movenowohio
Added: Jul 7 Updated: Jul 21 at 5:32AM Checked: Jul 21 at 5:32AM
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 Joe Herban
Investment Insights
Based on property information with market context.
This 5.33-acre hilltop property offers a substantial outbuilding designed for practical storage and workspace needs. The 4,544-square-foot outbuilding includes heat and electricity, along with office space and a full bath.
The setting is described as panoramic, with the property positioned atop a hilltop. The seller also notes association with Mechanicsburg Schools in Madison County.
An additional opportunity is available with an adjacent 11.328-acre parcel listed for sale, which may be purchased separately or combined to expand the overall site.
The setting is described as panoramic, with the property positioned atop a hilltop. The seller also notes association with Mechanicsburg Schools in Madison County.
An additional opportunity is available with an adjacent 11.328-acre parcel listed for sale, which may be purchased separately or combined to expand the overall site.
Key Highlights
- 5.33‑acre hilltop building site with panoramic views
- Includes a 4,544 SF outbuilding with heat, electricity, office space, and a full bath
- Year built: 1975
Local Financial Insights For Industrial
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 | −$8.0k | −$1.76 |
| NOI | $18.7k | $4.11 |
4,544 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Industrial
$266.7K
$233.4K – $311.2K
NOI $18,672 @ 7.0% cap · market cap 3.39%
Second Best
Flex RnD
$245.8K
$215.0K – $286.7K
NOI $17,203 @ 7.0% cap · market cap 3.13%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Agricultural land / Farmland - 5.33-acre hilltop parcel includes a 4,544 SF outbuilding with heat, electricity, office space, and a full bath.
Where is this agricultural land / farmland located?
The property is located at 5436 Oh-187 Mechanicsburg 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: 5.33‑acre hilltop building site with panoramic views; Includes a 4,544 SF outbuilding with heat, electricity, office space, and a full bath; Year built: 1975
