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Property profile & analytics
OFF-MARKET
Warehouses

1345 Legend Ln Alexandria, OH 43001

Built 2001
Entity Owned 6-yr Hold
Property ID
US66-1690892
Property summary
AI-generated overview

This exceptional 123-acre property, located at 1345 Legend Lane in Alexandria, Ohio (zip code 43001), presents a unique investment opportunity. Boasting a substantial 5,400,133.2 square foot lot, this land offers significant potential for diverse development. Built in 2001 and renovated in 2016, the property enjoys a prime location approximately five miles southeast of the New Albany International Business Park. Its strategic positioning along the north side of State Route 161 (with 3,926 feet of frontage) and proximity to Route 310 provides excellent accessibility. Route 310 provides access to Legend Lane and beyond. Utilities are readily available in the area. Recent acquisitions in the vicinity include medical facilities, indicating a strong and growing market. The property's zoning allows for commercial, warehouse, and residential uses, making it suitable for a variety of development projects. The seller is open to considering joint ventures, presenting a flexible approach to acquisition. This expansive tract offers a compelling opportunity for investors seeking significant land holdings in a thriving Ohio location. The property's size, location, and versatility make it an attractive prospect for both large-scale and smaller developments.

Property profile
Verified
Property type Warehouses
Year built 2001
UPID US66-1690892
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
R & R Land & Cattle LLC · 6 yrs held
R & R Land & Cattle LLC
since 2019
3 recorded transactions
2019
$1.7M
2017
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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