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Property profile & analytics
OFF-MARKET
Land

0 Johnson Rd Raymond, OH 43040

Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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