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    Property profile & analytics

    145 Industrial Dr Lexington, OH 44904-1338

    • Manufacturing properties
    • 59,440 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimation
    $950,000
    Last Sale
    Oct 01, 2024
    $1,500,000
    Location Intelligence
    Property ID
    US66-1385602
    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

    • Forrest Machine Products Co. Ltd / Machine Shop
    • Forrest Machine Products / Machine Shop / Manufacturer
    • Swagelok / Machine Shop
    • Next Generation Films 4 / Corporate Office

    Property Details for 145 Industrial Dr

    Year built
    1980
    Lot size
    2.25 lot acres
    Property size
    59,440 SF
    Property type
    Manufacturing properties
    APN
    059-62-210-01-011
    APU
    596221001011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $990,000
      6.5%
      $1,000,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $985,000
      Geo Method
      $940,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $965,000
      Retail
      $885,000
      Mixed-Use
      $905,000
      Hospitality
      $845,000
      Educational
      $1,085,000
      Residential Income
      $855,000
      Energy
      $1,075,000
      Income-Based Land
      $975,000
      Food Service
      $905,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Richland
    State
    Ohio
    Longitude
    -82.5644
    Latitude
    40.6781
    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
    $18,265
    $25,990
    $237,060
    $263,050
    -
    $74,250
    $677,320
    $751,570

    Comparable in this City

    • Value Estimation
      $1,025,000
      116,383 SF

      60 Frecka Dr

      MANUFACTURING (LIGHT) • 116,383 SF
      60 Frecka Dr, Lexington, OH 44904
      View Details
    • Value Estimation by Request
      38,806 SF

      300 Ml St

      MANUFACTURING (LIGHT) • 38,806 SF
      300 Ml St, Lexington, OH 44904-8519
      View Details
    • Value Estimation by Request
      42,528 SF

      165 Industrial Dr

      MANUFACTURING (LIGHT) • 42,528 SF
      165 Industrial Dr, Lexington, OH 44904-1338
      View Details
    • Value Estimation by Request
      48,000 SF

      800 Kochheiser Rd

      MANUFACTURING (LIGHT) • 48,000 SF
      800 Kochheiser Rd, Mansfield, OH 44904
      View Details
    • Value Estimation by Request
      96,000 SF

      800 Kochheiser Rd

      MANUFACTURING (LIGHT) • 96,000 SF
      800 Kochheiser Rd, Lexington, OH 44904
      View Details
    • Value Estimation by Request
      96,000 SF

      800 Kochheiser Rd

      MANUFACTURING (LIGHT) • 96,000 SF
      800 Kochheiser Rd, Lexington, OH 44904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      0.21 Acres

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    145 Industrial Dr
    Lexington, OH 44904-1338
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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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