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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Manufacturing properties
1450 Chestnut St Lancaster, OH 43130-4023
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-1971234
Property summary
AI-generated overview
This Lancaster, Ohio industrial property, located at 1450 E Chestnut Street (APN 05-35183-900), offers 28,234 square feet of versatile space ideal for warehouse or light manufacturing use. The property features two distinct sections. Section A, a 17,034 square foot light manufacturing area (102 ft x 164 ft), boasts 24-foot ceiling heights. Section B comprises two 5,600 square foot floors, suitable for warehouse storage, with 12-foot wall heights (56 ft x 100 ft). Access is provided by two drive-in doors (10ft x 10ft and 12ft x 14ft) and three 10ft x 10ft dock doors, including one side dock door. The property sits on a 0.67-acre lot and is offered as a single-tenant space. This exceptional location in Lancaster, OH (zip code 43130) provides easy access to major transportation routes. The property is available for lease.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1950
Total area
11,200 SF
Lot
0.67 ac (29,185 SF)
APN
053-51839.00
UPID
US66-1971234
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.03M
Owner & transaction history
Shared Option 4 LLC · 7 yrs held
Shared Option 4 LLC
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+81.8%
Retail stores
$1.1M
+63.8%
Commercial (general)
$965,000
+40.8%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$685,000
Current use
AUTO REPAIR, GARAGE
$1,250,000
Change: +82% · Conversion: Easy
RETAIL STORES
$1,125,000
Change: +64% · Conversion: Moderate
COMMERCIAL (GENERAL)
$965,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10%
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
$92 / SF
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
$23,675
Tax year 2023
Assessed value
$261,310
Assessed 2023
Previous assessed
$261,310
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$244,950
Assessed improvement
$16,360
Land market value
$699,860
Improvement market value
$46,740
Total market value
$746,600
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1950
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
11,200 SF
Lot
0.67 ac (29,185 SF)
APN
053-51839.00
UPID
US66-1971234
Jurisdiction
FAIRFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$965,000
OFFICE BUILDING
Est. value
$800,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
Shared Option 4 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1450 E WALNUT ST, LANCASTER, OH 43130-4000
Ownership since
2018
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
Dec 13, 2018
$1,495,000
Shared Option 4 LLC
Marko INC
Grant Deed
—
Dec 13, 2018
—
Marko INC
Chestnut Investment Co
Warranty Deed
—
Sep 24, 2018
—
Marko Holdings INC
Chestnut Investment Co
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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