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    1095 5th St Marysville, OH 43040-8989
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    Property profile & analytics

    1095 5th St, Marysville, OH 43040-8989

    View on Map
    • Strip malls
    • 54,452 SF
    • 15.23 lot acres
    Off-Market
    Last Sale Oct 11, 2023
    Property ID
    US66-2470511
    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
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • ATM / Atm

    Property Details for 1095 5th St

    Year built
    1999
    Lot size
    15.23 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    29-0019008.0000
    APU
    2900190080000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 11, 2023 — Red Monarch LLC Vision Acquisitions LLC Warranty Deed $29.8M · Kish Bank
    Sep 8, 2023 — Blue Filly LLC Vision Acquisitions LLC Warranty Deed —
    Jul 13, 2023 $2,400,000 Vision Acquisition LLC Marysville Plaza LLC Warranty Deed $2.4M · Columbia State Bank
    Aug 20, 2019 — Marysville Plaza LLC Marysville Plaza Correction Deed · related —
    Jan 16, 2019 — Marysville Plaza LLC Marysville Plaza Quit Claim Deed · related —

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $890,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,360,000
      Market price range: $888k - $2.88M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,640,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.3873
    Latitude
    40.2391
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN 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
    $52,069
    $612,220
    $87,780
    $700,000
    -
    $1,749,200
    $250,800
    $2,000,000

    Comparable in this City

    • Value Estimation
      $825,000
      53,886 SF

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      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request

      5th St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request
      1.70 Acres

      Colemans Xing Blvd

      SHOPPING CENTER, STRIP CENTER
      Colemans Xing Blvd, Marysville, OH 43040
      View Details
    • Value Estimation
      $3,605,000
      1.95 Acres

      643-695 Colemans Xing Blvd

      SHOPPING CENTER, STRIP CENTER
      643-695 Colemans Xing Blvd, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      2,460 SF

      302 5th St

      SHOPPING CENTER, STRIP CENTER
      302 5th St, Marysville, OH 43040-1212
      View Details
    • Value Estimation by Request
      4,266 SF

      306 312th E 5th St

      SHOPPING CENTER, STRIP CENTER
      306 312th E 5th St, Marysville, OH 43040
      View Details

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      7,600 SF

      Retail, Storage, and Shop Building

      Two-story building with retail, storage, and shop functionality.
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      Versatile Commercial Space in Marysville

      Spacious commercial property with ample parking near Uptown Marysville.
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      Retail and Warehouse Space Available

      Versatile commercial property with retail, storage, and shop functionality.
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      Commercial property in the heart of Marysville, ready to build.
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    Similar Nearby for Lease

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      12,000 SF

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      Retail space available for rent in Marysville, Ohio.
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      Downtown Marysville Creative Flex Space

      Creative flex space in downtown Marysville with functional warehouse features.
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      Restaurant/Bar Space in Downtown Marysville

      Restaurant/bar space with patio and parking in downtown Marysville.
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      New retail spaces in growing Marysville development for lease.
      Us Highway 36, Marysville, OH 43040
      View Details
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    Marysville, OH 43040-8989
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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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