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    Johnson Rd Raymond, OH 43040

    For Sale
    $1,600,000

    Prime Ohio farmland, two leases, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1,810,353.6 square foot property located at 0 Johnson Road, Marysville, Ohio 43040, presents a unique investment opportunity. Currently utilized as farmland, the property boasts two existing leases; one agricultural lease is set to expire on April 30th, 2023. Detailed lease information is available upon request with proof of funds. The property is zoned commercial, offering significant flexibility for future development. A compelling aspect is its potential for residential conversion. According to the zoning code, the land could be subdivided into five residential lots, each capable of supporting a single dwelling unit, without requiring a variance. This presents a clear path for diverse development strategies, catering to both agricultural and residential interests. The asking price for this expansive tract of land is $1,600,000. Situated in Union County, this property offers easy access to Marysville and surrounding areas. Serious inquiries only, please provide proof of funds for lease details.

    Property Features for 0 Johnson Rd

    General Information

    Property type
    Farms

    HighLights

    • $1,600,000 asking price.
    • 1,810,353.6 square foot land parcel.
    • Currently farmed with two existing leases.
    • One agricultural lease expires April 30, 2023.
    • Commercially zoned, with potential residential conversion.
    • Zoning permits subdivision into five residential lots (one dwelling per lot) without variance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Raymond
    County
    Union
    State
    Ohio
    Longitude
    -83.5123164
    Latitude
    40.3017255

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    FAQs

    What type of property is this?
    Farm - Prime Ohio farmland, two leases, development potential.
    Where is this farm located?
    The property is located at Johnson Rd Raymond, OH.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; 1,810,353.6 square foot land parcel.; Currently farmed with two existing leases.
    Request Owner's contact information
    Johnson Rd Raymond, OH 43040
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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
    Johnson Rd Raymond, OH 43040
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