Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1538 Orchard Park Rd Lexington, OH 44904
    Back to Search
    Property profile & analytics

    1538 Orchard Park Rd Lexington, OH 44904

    View on Map
    • Warehouses
    • 8,169 SF
    • 1.75 lot acres
    For Sale
    $1,000
    View Listing →
    Lexington Auto Body Shop Opportunity For Sale
    $1,000

    Lexington Auto Body Shop Opportunity

    High-traffic location, 1.75 acres, investment potential.

    Mansfield, OH 44904
    View Listing
    Property ID
    US66-2460117
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Bucket Seat / Auto Repair Shop

    Property Details for 1538 Orchard Park Rd

    Year built
    1940
    Construction
    FRAME
    Lot size
    1.75 lot acres
    Property size
    8,169 SF
    Property type
    Warehouses
    APN
    053-37-064-17-000
    APU
    533706417000

    Description

    This exceptional 1.75-acre property located at 1538 Orchard Park Road in Lexington, Ohio, presents a unique investment opportunity. Currently configured as an auto body shop, its strategic placement at a high-traffic intersection offers significant visibility and accessibility. The substantial lot size provides ample space for expansion, allowing for diverse business ventures beyond its current use. The property's versatility makes it suitable for a range of commercial applications, catering to investors seeking a dynamic asset or entrepreneurs looking for an established business. The high-traffic location ensures a steady stream of potential customers, maximizing the return on investment. This turnkey opportunity is ideal for those seeking a ready-to-go business or a prime location for future development. The asking price of $1000 suggests significant potential for appreciation. Given the size of the lot and its prime location, this property represents a rare find in the Lexington market. Serious inquiries are encouraged to explore the full potential of this exceptional commercial offering. The property's current configuration as an auto body shop provides a solid foundation for continued operation or a platform for redevelopment. The possibilities are numerous, making this a truly compelling investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Richland
    State
    Ohio
    Longitude
    -82.5664
    Latitude
    40.6814
    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
    $1,470
    $12,170
    $8,880
    $21,050
    -
    $34,770
    $25,380
    $60,150

    Comparable in this City

    • Value Estimation by Request
      3,640 SF

      65 Ml St

      WAREHOUSE, STORAGE • 3,640 SF
      65 Ml St, Lexington, OH 44904-1228
      View Details
    • Value Estimation by Request
      8,160 SF

      110 Industrial Dr

      WAREHOUSE, STORAGE • 8,160 SF
      110 Industrial Dr, Lexington, OH 44904-1339
      View Details
    • Value Estimation by Request
      12,104 SF

      120 Industrial Dr

      WAREHOUSE, STORAGE • 12,104 SF
      120 Industrial Dr, Lexington, OH 44904-1339
      View Details
    • Value Estimation
      $1,060,000
      43,444 SF

      235 Industrial Dr

      WAREHOUSE, STORAGE • 43,444 SF
      235 Industrial Dr, Lexington, OH 44904-1347
      View Details
    • Value Estimation by Request
      1,771 SF

      31 Walnut St

      WAREHOUSE, STORAGE • 1,771 SF
      31 Walnut St, Mansfield, OH 44904
      View Details
    • Value Estimation
      $6,325,000
      151,500 SF

      1450 State Rte 97

      WAREHOUSE, STORAGE • 151,500 SF
      1450 State Rte 97, Lexington, OH 44904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Lexington Industrial Building For Lease

      11,000 SF industrial building with warehouse and office space.
      140 Lexington Industrial Dr, Lexington, OH 44904
      View Details
    • Contact for pricing
      5,000 SF

      Versatile Warehouse Space For Lease

      5,000 sq ft warehouse with easy highway access.
      140 Lexington Industrial Dr, Lexington, OH 44904
      View Details
    • Contact for pricing
      2,479 SF

      Turnkey Cafe and Bar Space

      Fully built-out cafe/bar with drive-thru, patio, and equipment.
      40 Main St, Lexington, OH 44904
      View Details
    • Contact for pricing

      Partially Wooded Land For Sale

      15.38 acres in Lexington School District near Mid-Ohio Raceway.
      Denman Rd, Mansfield, OH 44904
      View Details
    • $165,000
      Pending

      Residential Land in Lexington, OH

      1.932 acre residential land surrounded by mature trees.
      Crossbridge Ct, Lexington, OH 44904
      View Details
    • Contact for pricing
      1.75 Acres

      Lexington Auto Body Shop Opportunity

      High-traffic location, 1.75 acres, investment potential.
      1538 Orchard Park Rd, Lexington, OH 44904
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1538 Orchard Park Rd
    Lexington, OH 44904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1538 Orchard Park Rd, Lexington, OH, 44904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!