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Property profile & analytics
OFF-MARKET Estimated value $1,125,000
Strip malls

1095 5th St Marysville, OH 43040-8989

54,452 SF 15.23 ac lot Built 1999
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US66-2470511
Property summary
AI-generated overview

This exceptional investment opportunity presents two prime outlots totaling 2.22 acres in Marysville, Ohio, ideal for QSR and fast-food development. Located at 1095 W 5th St, 43040, these parcels offer high visibility and accessibility, situated near a major Rt 33 interchange. One outlot spans 0.65 acres, nestled between Wendy's and GENCO Dental, while the second, larger outlot encompasses 1.57 acres and allows for potential subdivision. The property benefits from its proximity to a newly developed Kroger shopping center, featuring a McDonald's and Starbucks, ensuring high foot traffic and consumer density. The area's revitalization includes the construction of 240 Class A apartments, further enhancing the location's appeal and projected growth. The asking price is $650,000, translating to a price per square foot of $14.91 and a price per acre of $650,000. This redevelopment project, formerly an older Kroger shopping center, presents a unique chance to capitalize on a thriving retail corridor and a rapidly evolving neighborhood. The surrounding area boasts established businesses such as Taco Bell, AutoZone, Chick-fil-A, Chipotle, Panera Bread, Raising Cane's, and T-Mobile, alongside Buffalo Wild Wings, indicating a strong and diverse commercial presence. This is a rare opportunity to acquire strategically located outlots in a high-growth area with significant upside potential.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1999
Total area 54,452 SF
Lot 15.23 ac (663,419 SF)
APN 29-0019008.0000
UPID US66-2470511
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
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$890k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.13M
Owner & transaction history
Red Monarch LLC · 2 yrs held
Red Monarch LLC
since 2023
5 recorded transactions
2023
Price N/A
2023
Price N/A
2023
$2.4M
2019
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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