Individually Owned Property summary
This exceptional investment opportunity presents a well-established, 40-year-old family-run laundromat situated on a nearly half-acre lot (0.49 acres) in Willard, Ohio. Located on the high-traffic US Route 224 commercial corridor, this multi-use property boasts a strong 10% capitalization rate based on a two-year average, offering significant growth potential. The sale includes all real estate and equipment, encompassing 36 gas dryers and 46 electric washers, an ATM, a coin machine, and a… convenient PayRange app-based payment system. A substantial 1520 square foot cold storage area in the rear presents an ideal opportunity for expansion, potentially accommodating a supplementary business such as table, chair, and tent rentals. Recent upgrades include new windows on the rear of the building (2023), new exterior doors (excluding the main aluminum door), two new mini-split heating and air conditioning units, three HVAC heating unit replacements (2021), an annually inspected hot water boiler, and energy-efficient LED lighting (AEP 2021). The building features durable metal siding, a steel roof, and larger, more powerful washing machines securely anchored in concrete. Additional storage is available in the second-floor attic. A two-bedroom apartment on the second floor generates supplemental income with a month-to-month lease currently at $650 per month, inclusive of utilities (water and electric). The property comprises three parcels and is equipped with Phase 3 Electric. Detailed financial information is available upon execution of a non-disclosure agreement. This is a rare chance to acquire a thriving business with substantial upside. The 5,605 square foot building offers a unique blend of commercial and residential income streams.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,788 SF
- Lot area
- 0.14 ac
- Year built
- 1950
- Stories
- 1
- APN
- 51-0360-02-001-0000
- Assessed value · 2023
- $5,930
- Annual tax · 2023
- $307
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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