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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Industrial land
12680 State Rte 93rd N Logan, OH 43138-2503
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-4772312
Property summary
AI-generated overview
This expansive 267,440-square-foot warehouse, located at 12680 State Route 93 in Logan, Ohio, presents a significant opportunity for industrial businesses seeking a substantial footprint. Situated on a generous 42.68 acres, this single-tenant property boasts a 1-story building constructed in 1948. The high ceilings, measuring 18 feet, provide ample vertical space for various operational needs. The property is zoned M-2 - General Industrial, allowing for a wide range of industrial uses. Parking is readily available with 104 spaces provided on-site. The entire warehouse space, totaling 267,440 square feet, is currently vacant and ready for immediate occupancy. The property's location in Hocking County, Ohio, offers convenient access to transportation routes, making it an ideal location for distribution and logistics operations. The APN is 04-003265.0000. This property is available for both sale and lease
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
18.24 ac (794,360 SF)
APN
04-003267.0000
UPID
US66-4772312
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
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Phoenix Logan Industrial Investors · 4 yrs held
Phoenix Logan Industrial Investors
since 2022
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Logan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Logan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,500,000
ML approach
$1,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.68M (Jan 14 2022)
Last sale anchor
$1.68M
Jan 14 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,694
Tax year 2023
Assessed value
$35,750
Assessed 2023
Previous assessed
$35,750
+0.0% YoY
Effective rate
4.74%
On assessed value
Assessed land
$35,750
Land market value
$102,140
Total market value
$102,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Lot
18.24 ac (794,360 SF)
APN
04-003267.0000
UPID
US66-4772312
Jurisdiction
HOCKING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
18.24 ac
Current owner
From public records · entity-resolved
Phoenix Logan Industrial Investors
Individual
Mailing address
401 E KILBOURN AVE STE #201, MILWAUKEE, WI 53202-3212
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$1,680,625
Phoenix Logan Industrial Investors
12680 State Route 93 LLC
Limited Warranty Deed
$1,511,250 · Heartland Bank & Trust Co
Jul 29, 2020
—
12680 State Route 93 LLC
Lighting LLC
Re-recorded Document
related
—
Jul 2, 2020
—
Cpnsumer Lighting U S LLC
General Electric Company
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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