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    5960 Center Rd Valley City, OH 44280

    For Sale
    $3,995,000

    Ohio Investment Opportunity: Multi-Tenant Complex

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity encompasses a 22.33-acre site in Valley City, Ohio, featuring four industrial buildings totaling 19,048 square feet. The property boasts a strong tenant roster, anchored by Progressive Construction Group, a leader in wall foundations, under a 10-year sale-leaseback agreement. Additional tenants include Environmental Stone Works and a trucking company providing oil changes and maintenance, generating consistent rental income. Building A, constructed in 1967 and recently renovated, comprises 9,300 square feet of office and warehouse space, featuring new HVAC (2022), grade-level doors, and ample utilities. Building B (7,040 sq ft, built 1973) and Building C (2,688 sq ft, built 1987) offer additional warehouse space with multiple grade-level doors. A planned 1,500-square-foot office addition (Building D) is slated for completion in early 2024, further enhancing the property's value. The property also includes a 40+ unit semi-truck parking area. A Phase 1 environmental assessment was completed on August 11, 2021. Utilities include Columbia Gas (one meter), Ohio Edison (three meters), and Armstrong Cable. The property utilizes a well water and septic system. Projected annual property taxes are $43,376.27. This multi-tenant complex presents a compelling investment opportunity with significant long-term potential.

    Property Features for 5960 Center Rd

    General Information

    Property type
    Industrial properties

    HighLights

    • 10‑year sale‑leaseback opportunity with Progressive Construction Group, a leading wall foundation company.
    • 22.33‑acre property with 19,048 square feet of industrial building space.
    • Anchor tenants include Progressive Construction Group, Environmental Stone Works, a trucking company, and a 40+ unit semi‑truck parking area.
    • Four buildings totaling 19,048 SF: Building A (9,300 SF office/warehouse), Building B (7,040 SF warehouse), Building C (2,688 SF warehouse), plus a planned 1,500 SF office addition.
    • Phase 1 environmental assessment completed August 11, 2021; projected annual property taxes: $43,376.27.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Progressive Construction Group Construction Company

    Suggested Use

    Realty agency Spa & Massage Hair Salon Auto Repair Shop Nail Salon Storage Facility Bar & Pub Travel Agency Coworking Space

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

    Location Insight

    • Map
    • Local Demand
    City
    Valley City
    County
    Medina
    State
    Ohio
    Longitude
    -81.9015031
    Latitude
    41.2369778

    Nearby Comparable

    • $3,995,000
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      Valley City Industrial Flex Property

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      Prime Corner Lot For Sale

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    Nearby Similar for Sale

    • Contact for pricing
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      Mixed-Use Property with Income Potential

      Commercial warehouse with apartments and fenced parking for sale.
      5737 Center Rd, Valley City, OH 44280
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    • $3,995,000
      19,048 SF

      Valley City Industrial Flex Property

      Industrial property featuring multiple buildings and flexible spaces for sale.
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    FAQs

    What type of property is this?
    Industrial property - Ohio Investment Opportunity: Multi-Tenant Complex
    Where is this industrial property located?
    The property is located at 5960 Center Rd Valley City, OH.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: 10-year sale-leaseback opportunity with Progressive Construction Group, a leading wall foundation company.; 22.33-acre property with 19,048 square feet of industrial building space.; Anchor tenants include Progressive Construction Group, Environmental Stone Works, a trucking company, and a 40+ unit semi-truck parking area.
    (330) 722-5002
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    5960 Center Rd Valley City, OH 44280
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    Valley City, OH 44280
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    Realmo Value Estimation

    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.

    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.

    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
    5960 Center Rd Valley City, OH 44280
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