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Property profile & analytics
OFF-MARKET
Office buildings

1011 Defiance St Ottawa, OH 45875-1261

1.08 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US66-5031174
Property summary
AI-generated overview

This two-story, 7,568-square-foot traditional office building in Ottawa, Ohio, is available for $325,000. Built in 1977 and renovated in 2022, the property features 16 offices and two restrooms on the first floor, plus an additional four offices, a breakroom/kitchen, and a large meeting room in the basement. Two sizable storage areas are also located in the basement. The building sits on a 1.075-acre lot with 30 paved parking spaces; a portion is currently fenced for recreational use. The upper floor comprises 3,780 finished square feet, while the lower level includes 3,780 square feet, encompassing both finished and unfinished space. The building is zoned R-3 and has a lease expiring February 1, 2025, with approximately 0.2 years remaining. A receptionist area is conveniently located at the main entrance. This property presents a compelling investment opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 1.08 ac (46,827 SF)
APN 32-167018.0000
UPID US66-5031174
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
Farmers Educational & Co Operative · 6 yrs held
Farmers Educational & Co Operative
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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