Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    118 6th St Marysville, OH 43040-1529

    • Office buildings
    • 1,302 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2021
    $120,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0087768
    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.

    Current Use by Public Records

    • Shearer-Banks Insurance: Eberly Bruce / Insurance Agency
    • Shearer-Banks Insurance & Associates / Insurance Agency
    • Shearer Banks Insurance & Associates LLC / Insurance Agency / Home Insurance Agency
    • Endsley Pamela J / Insurance Agency

    Property Details for 118 6th St

    Year built
    1975
    Construction
    BRICK
    Lot size
    0.17 lot acres
    Property size
    1,302 SF
    Property type
    Office buildings
    APN
    29-0009039.0000
    APU
    2900090390000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.3678
    Latitude
    40.2356
    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
    $3,680
    $26,290
    $23,180
    $49,470
    -
    $75,110
    $66,240
    $141,350

    Comparable in this City

    • Value Estimation by Request
      1,462 SF

      825 6th St

      OFFICE BUILDING • 1,462 SF
      825 6th St, Marysville, OH 43040-1350
      View Details
    • Value Estimation by Request
      1,632 SF

      705 Kenny Ln

      OFFICE BUILDING • 1,632 SF
      705 Kenny Ln, Marysville, OH 43040-1398
      View Details
    • Value Estimation by Request
      2,480 SF

      126 Main St

      OFFICE BUILDING • 2,480 SF
      126 Main St, Marysville, OH 43040-1106
      View Details
    • Value Estimation
      $4,720,000
      47,496 SF

      1250 5th St

      OFFICE BUILDING • 47,496 SF
      1250 5th St, Marysville, OH 43040-1650
      View Details
    • Value Estimation
      $760,000
      5,600 SF

      1201 5th St

      OFFICE BUILDING • 5,600 SF
      1201 5th St, Marysville, OH 43040-9291
      View Details
    • Value Estimation by Request
      1,336 SF

      531 5th St

      OFFICE BUILDING • 1,336 SF
      531 5th St, Marysville, OH 43040-1286
      View Details

    Similar Nearby for Sale

    • $1,400,000
      12,856 SF

      Marysville Multifamily Investment Opportunity

      Mixed-use buildings, 2 acres, high potential.
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • $1,400,000
      12,856 SF

      Marysville Mixed-Use Investment Opportunity

      Seven-unit property, 12,856 sq ft, high growth area.
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • $250,000

      Marysville Land: 5 Acres Wooded Oasis

      Quiet 5-acre lot, woods, stream, pond.
      0 Payne Rd, Marysville, OH 43040
      View Details
    • Contact for pricing
      8.00 Acres

      Marysville Industrial Land for Sale

      Prime Ohio industrial development site.
      0 Innovation Way, Marysville, OH 43040
      View Details
    • $345,000

      Prime Marysville Land - Build Your Dream Home

      Spacious Ohio lot, ready for construction.
      0 Lot H County Home Rd, Marysville, OH 43040
      View Details
    • $159,500

      Marysville Land: Build Your Dream Home

      Spacious Ohio lot, ready for construction.
      0 Lot G Waldo Rd, Marysville, OH 43040
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      300 SF

      Renovated Office Space with Rooftop

      Newly renovated coworking space with rooftop patio in Marysville, OH.
      129 N Main St Unit, Marysville, OH 43040
      View Details
    • $650 /Mo
      7,726 SF

      Renovated Office Space in Marysville

      Renovated private office in Uptown Marysville. Utilities included.
      116 S Main St, Marysville, OH 43040
      View Details
    • $43 SF/Yr
      3,906 SF

      Prime Marysville Retail Space

      Class A retail space, two suites available.
      878 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • Contact for pricing
      6,553 SF

      124-132 Emmaus Rd

      Lifestyle centers • 6,553 SF
      124-132 Emmaus Rd, Marysville, OH 43040
      View Details
    • Contact for pricing
      7,475 SF

      Retail Property in Marysville, OH

      Retail property available for rent in Marysville, Ohio.
      17781 Maple St, Marysville, OH 43040
      View Details
    • $3,500 /Mo
      3,774 SF

      Uptown Marysville Commercial Lease Opportunity

      Commercial space in Uptown Marysville with great visibility and exposure.
      124 N Plum St, Marysville, OH 43040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118 6th St
    Marysville, OH 43040-1529
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.