Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Milford Ave Marysville, OH 43040
    Back to Search
    Property profile & analytics

    Milford Ave, Marysville, OH 43040

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Milford Ave

    Property type
    Land
    Property subtype
    Apartment buildings

    Description

    This exceptional 245,242.8 square foot commercial development opportunity is located at 0 Milford Avenue, Marysville, Ohio, 43040. The property boasts a significant 300-foot frontage, presenting a substantial presence for any development project. Zoned to allow for a variety of uses, including those detailed in the attached approved and conditionally approved use documents, this land offers unparalleled flexibility. The existing zoning allows for both residential and commercial development, with adjacent properties featuring condos and commercial spaces, creating a thriving and established neighborhood. The asking price for this expansive parcel is $550,000. The property's size and location make it ideal for a variety of projects, from multi-family residential developments to commercial ventures. Further development options are possible due to the property's size, allowing for potential subdivision and individual lot sales. This is a rare opportunity to acquire a large, strategically located parcel in a growing Ohio market. Detailed zoning information and approved use documents are available upon request. Don't miss this chance to secure a prime piece of Marysville real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.3827
    Latitude
    40.2215

    Comparable in this City

    • Value Estimation by Request

      15760 Watkins Rd

      Multifamily properties
      15760 Watkins Rd, Marysville, OH 43040
      View Details
    • Value Estimation by Request

      15151 Us Highway 36

      Multifamily properties
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      12,856 SF

      15151 Us Highway 36

      Multifamily properties
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • Value Estimation by Request

      604 4Th St

      Multifamily properties
      604 4Th St, Marysville, OH 43040
      View Details
    • Value Estimation
      $580,000
      3,664 SF

      341 Riverwind Dr

      APARTMENT HOUSE (5+ UNITS)
      341 Riverwind Dr, Marysville, OH 43040-9367
      View Details
    • Value Estimation
      $920,000
      5,824 SF

      514 Allenby Dr

      APARTMENT HOUSE (5+ UNITS)
      514 Allenby Dr, Marysville, OH 43040-8474
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,856 SF

      Mixed-Use Buildings in Growing Area

      Three mixed-use buildings on over 2 acres in Marysville.
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • Contact for pricing

      Land on Industrial Parkway

      Land with frontage and accessibility on Industrial Parkway.
      10321 Industrial Pkwy, Marysville, OH 43040
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Marysville, Ohio.
      13219 Beecher Gamble Rd, Marysville, OH 43040
      View Details
    • $1,600,000

      Ohio Farm - 1.8M SF Land

      Prime Ohio farmland, two leases, development potential.
      0 Johnson Rd, Raymond, OH 43040
      View Details
    • $220,000

      Marysville Land: Wooded 217,800 SF Lot

      Prime Marysville land, ideal for development. Wooded lot with mature trees.
      0 Payne Rd, Marysville, OH 43040
      View Details
    • $296,900

      Land Available in Marysville, Ohio

      Land for sale in Union County, Marysville, Ohio.
      15003 County Home Rd, Marysville, OH 43040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex Space Build-to-Suit Opportunity

      Up to 200,000 SF build-to-suit flex space available.
      Weaver Rd, Marysville, OH 43040
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      1.5 AC available for ground lease or build-to-suit.
      Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • Contact for pricing

      Prime Commercial Land in Marysville

      1.5 AC available for ground lease or build to suit.
      600 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • Contact for pricing

      Restaurant/Bar Space in Downtown Marysville

      Restaurant/bar space with patio and parking in downtown Marysville.
      W 5Th St, Marysville, OH 43040
      View Details
    • Contact for pricing
      2,200 SF

      New Retail Spaces Available

      New construction retail spaces available in multi-tenant strip center.
      878 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • Contact for pricing
      12,000 SF

      Marysville Retail Space Available

      Retail space available for rent in Marysville, Ohio.
      OH-736 & Fox Fire Dr, Marysville, OH 43040
      View Details
    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.
    Milford Ave
    Marysville, OH 43040
    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
    Milford Ave, 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!