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    Property profile & analytics

    13455 State Rte 38th SE London, OH 43140-9717

    • Manufacturing properties
    • 2.03 lot acres
    OFF-MARKET
    Value Estimation
    $925,000
    Last Sale
    Jul 20, 2022
    $1,000,000
    Location Intelligence
    Property ID
    US66-1804571
    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

    • Manufacturing properties

    Property Details for 13455 State Rte 38th SE

    Lot size
    2.03 lot acres
    Property type
    Manufacturing properties
    APN
    21-00139.002
    APU
    2100139002

    Description

    This exceptional 78,124-square-foot warehouse, situated at 13455 State Route 38 SE in London, Ohio, presents a significant lease opportunity. The property, built in 1976, features a single suite spanning the entire building and sits on a 6.02-acre lot (APN 21-00193.000, Madison County). Currently, 27,000 square feet of space is available for lease within this multi-tenant building. The warehouse boasts convenient access to transportation, located less than three miles from Interstate 71, and just one exit north of the new Honda plant in Jeffersonville. On-site amenities include two dock-high doors, three drive-in doors, a truck scale, a break room, restrooms, and several storage bins. Additionally, the property includes two offices, providing ample space for administrative functions. This strategically located warehouse offers exceptional potential for businesses seeking a large, well-equipped space with easy access to major transportation routes. The property's address is 13455 State Route 38 SE, London, OH 43140, with a cross street of SR 323. This is a special purpose property classified as a commercial warehouse.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $890,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,030,000
      6.5%
      $910,000
      7%
      $970,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,115,000
      Geo Method
      $1,060,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $855,000
      Retail
      $820,000
      Mixed-Use
      $935,000
      Hospitality
      $1,020,000
      Educational
      $995,000
      Residential Income
      $1,080,000
      Energy
      $885,000
      Income-Based Land
      $1,010,000
      Food Service
      $845,000

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Madison
    State
    Ohio
    Longitude
    -83.4756
    Latitude
    39.7386
    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
    $137
    $2,020
    $0.00
    $2,020
    -
    $5,760
    $0.00
    $5,760

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      153 Western Ave

      ASSEMBLY (LIGHT INDUSTRIAL) • 0.26 Acres
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    • Value Estimation by Request
      0.20 Acres

      155 Western Ave

      ASSEMBLY (LIGHT INDUSTRIAL) • 0.20 Acres
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    • Value Estimation by Request
      23,400 SF

      77 Madison Rd

      ASSEMBLY (LIGHT INDUSTRIAL) • 23,400 SF
      77 Madison Rd, London, OH 43140-1444
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    • Value Estimation by Request
      7,293 SF

      420 High St

      ASSEMBLY (LIGHT INDUSTRIAL) • 7,293 SF
      420 High St, London, OH 43140-9501
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    • Value Estimation
      $540,000
      23,489 SF

      244 1st St

      FOOD PACKING, PACKING PLANT • 23,489 SF
      244 1st St, London, OH 43140-1478
      View Details
    • Value Estimation
      $425,000
      12,348 SF

      204 Maple St

      ASSEMBLY (LIGHT INDUSTRIAL) • 12,348 SF
      204 Maple St, London, OH 43140-1490
      View Details

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    Similar Nearby for Lease

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    13455 State Rte 38th SE
    London, OH 43140-9717
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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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