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    1 Hunter Pl Bellefontaine, OH 43311
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    Property profile & analytics

    1 Hunter Pl Bellefontaine, OH 43311

    View on Map
    • Warehouses
    • 20,899 SF
    • 9.85 lot acres
    For Lease
    $7 SF/Yr
    View Listing →
    Bellefontaine Distribution & Logistics Space For Lease
    $7 SF/Yr
    105,000 SF

    Bellefontaine Distribution & Logistics Space

    105,000 SF industrial space ideal for distribution and logistics.

    1 Hunter Pl, Bellefontaine, OH
    View Listing
    Property ID
    US66-4783147
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $700,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • USP Motorsports / Auto Parts Store
    • Orbis warehouse / Warehouse & Storage
    • Logan County Job and Family Services / Social Service Agency / Community Center
    • Robinson Investments / Corporate Office / Financial Advisor

    Property Details for 1 Hunter Pl

    Year built
    1989
    Lot size
    9.85 lot acres
    Property size
    20,899 SF
    Property type
    Warehouses
    APN
    17-077-00-00-025-001
    APU
    170770000025001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $732,000
      Market price range: $247k - $732k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $480,000
      Current use
      INDUSTRIAL (GENERAL)
      $440,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.7609
    Latitude
    40.3772
    CBSA code
    13340
    CBSA name
    BELLEFONTAINE, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $84,253
    $115,430
    $1,583,180
    $1,698,610
    -
    $329,790
    $4,523,380
    $4,853,170

    Comparable in this City

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      Walker St

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      230 Reynolds Ave

      WAREHOUSE, STORAGE • 11,880 SF
      230 Reynolds Ave, Bellefontaine, OH 43311-3003
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      6,000 SF

      2950 Us Hwy 68th S

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      2950 Us Hwy 68th S, Bellefontaine, OH 43311-9119
      View Details
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      Garvin Ave

      MINI-WAREHOUSE, STORAGE • 11,600 SF
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    • Value Estimation by Request
      0.11 Acres

      Hayes St

      MINI-WAREHOUSE, STORAGE • 0.11 Acres
      Hayes St, Bellefontaine, OH 43311
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,500 SF

      Downtown Warehouse Storage Building

      5,500 sq ft warehouse in downtown Bellefontaine, OH.
      129 W Sandusky Ave, Bellefontaine, OH 43311
      View Details
    • $795,000
      12.71 Acres

      12.7-Acre Property with Outbuilding

      Multi-use rural property with 9,600 sq ft outbuilding.
      1274 Township Road 204, Bellefontaine, OH 43311
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    • $250,000
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      Bellefontaine Commercial Warehouse For Sale

      5,500 sq ft warehouse in downtown Bellefontaine, Ohio.
      129 W Sandusky Ave, Bellefontaine, OH 43311
      View Details
    • Contact for pricing
      5,500 SF

      Downtown Commercial Warehouse Storage Building

      5,500 sq ft warehouse in downtown Bellefontaine, OH.
      129 W Sandusky Ave, Bellefontaine, OH 43311
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    • $620,000
      24,000 SF

      Bellefontaine Manufacturing Facility For Sale

      24,000 SF manufacturing facility on 3.047 acres.
      314 Water Ave, Bellefontaine, OH 43311
      View Details
    • Contact for pricing
      58,180 SF

      Bellefontaine Industrial Facility For Sale

      58,180 SF industrial property with manufacturing potential in Bellefontaine, OH.
      31 Hunter Pl, Bellefontaine, OH 43311
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      105,000 SF

      Bellefontaine Distribution & Logistics Space

      105,000 SF industrial space ideal for distribution and logistics.
      1 Hunter Pl, Bellefontaine, OH 43311
      View Details
    • Contact for pricing
      100,000 SF

      Bellefontaine Warehouse Space Available

      100,000 sq ft warehouse/distribution space for lease.
      300 Progress Way, Bellefontaine, OH 43311
      View Details
    • Contact for pricing

      Crossroads Business Center Industrial Space

      Industrial property with 58,180 SF available for lease.
      31 Hunter Pl, Bellefontaine, OH 43311
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    • Contact for pricing

      Bellefontaine Industrial Facility For Sale

      58,180 SF industrial property suitable for light manufacturing.
      31 Hunter Pl, Bellefontaine, OH 43311
      View Details
    • $799 /Mo
      200 SF

      Bellefontaine Coworking Office Space

      200 sq ft coworking space for 1-3 professionals.
      139 W Columbus Ave, Bellefontaine, OH 43311
      View Details
    • $1,250 /Mo
      281 SF

      Downtown Bellefontaine Office Suite

      Serviced office in historic downtown Bellefontaine with included amenities.
      116 E Court Ave, Bellefontaine, OH 43311
      View Details
    View Listing
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    Bellefontaine, OH 43311
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    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
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