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    Property profile & analytics

    1295 4th St Ontario, OH 44906-1827

    • Car washes
    • 5,616 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $775,000
    Last Sale
    Feb 10, 2025
    $880,000
    Location Intelligence
    Property ID
    US66-2466298
    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

    • Car washes

    Property Details for 1295 4th St

    Year built
    1980
    Lot size
    0.23 lot acres
    Property size
    5,616 SF
    Property type
    Car washes
    APN
    027-03-072-16-001
    APU
    270307216001

    Description

    This exceptional investment opportunity presents a 2,000 square foot, fully remodeled Castrol Premium Lube Express in Ontario, Ohio. Located at 1295 W 4th St, 44906, this single-tenant, net-lease property boasts a 15-year absolute NNN lease commencing December 15, 2024, and expiring December 31, 2039. The lease includes a robust corporate guarantee and annual rent increases of 1.5%, further securing your return. The property sits on a 0.236-acre lot and features a modern design, perfectly suited for its current use. With a current Net Operating Income (NOI) of $75,000 and an asking price of $880,000, this property offers a compelling 8.52% cap rate. The building underwent a complete renovation in 2024, ensuring its pristine condition. The lease includes two 15-year renewal options, providing long-term stability and predictable income. This prime location in a busy commercial area, near major retailers like Kohl's, CVS, and Kroger, ensures high visibility and consistent customer traffic. The property's strong tenant, a growing owner/operator with expansion plans, adds further confidence to this investment. This is a 100% occupied property, making it an ideal addition to any portfolio. The property is developer-owned and presents a straightforward transaction.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $840,000
      6.5%
      $950,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,000,000
      Geo Method
      $800,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $810,000
      Retail
      $895,000
      Mixed-Use
      $960,000
      Hospitality
      $750,000
      Educational
      $855,000
      Residential Income
      $760,000
      Energy
      $1,035,000
      Income-Based Land
      $1,010,000
      Food Service
      $1,050,000

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Richland
    State
    Ohio
    Longitude
    -82.5618
    Latitude
    40.7673
    CBSA code
    31900
    CBSA name
    MANSFIELD, 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
    $3,235
    $10,870
    $32,670
    $43,540
    -
    $31,070
    $93,330
    $124,400

    Comparable in this City

    • Value Estimation by Request
      6,790 SF

      1493 Park W Ave

      CAR WASH - AUTOMATED • 6,790 SF
      1493 Park W Ave, Ontario, OH 44906-2720
      View Details
    • Value Estimation
      $350,000
      4,680 SF

      616 Lexington Springmill Rd

      CAR WASH - AUTOMATED • 4,680 SF
      616 Lexington Springmill Rd, Mansfield, OH 44906
      View Details
    • Value Estimation
      $270,000
      2,856 SF

      3115 Park W Ave

      CAR WASH - AUTOMATED • 2,856 SF
      3115 Park W Ave, Ontario, OH 44906-1044
      View Details
    • Value Estimation
      $380,000
      5,486 SF

      Ashland Rd

      CAR WASH - SELF-SERVE • 5,486 SF
      Ashland Rd, Mansfield, OH 44906
      View Details
    • Value Estimation by Request
      2,376 SF

      880 Lenox Ave

      CAR WASH - SELF-SERVE • 2,376 SF
      880 Lenox Ave, Mansfield, OH 44906-2042
      View Details
    • Value Estimation by Request
      2,968 SF

      2175 Stumbo Rd

      CAR WASH - SELF-SERVE • 2,968 SF
      2175 Stumbo Rd, Ontario, OH 44906-1265
      View Details

    Similar Nearby for Sale

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      7,000 SF

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      7,000 SF retail building with open floor plan.
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      18,000 sq ft commercial space ideal for diverse operations.
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    Similar Nearby for Lease

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      11,296 SF

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    • $800 /Mo
      100 SF

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      Retail space featuring salon infrastructure, ready for immediate occupancy.
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      Retail space available for lease in Mansfield, Ohio.
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      Prime Retail/Office Space Available Now
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    1295 4th St
    Ontario, OH 44906-1827
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    Realmo Value Estimation

    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.

    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.

    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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