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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    20000 Sycamore Rd, Mount Vernon, OH 43050

    45,840 SF Built 2007
    Entity Owned 7-yr Hold
    Property ID
    US66-5283854
    Property summary
    AI-generated overview

    This exceptional retail investment opportunity presents a substantial 45,840-square-foot property located at 20000 Sycamore Road, Mount Vernon, Ohio, 43050. The property, classified as Class B, boasts four single-story buildings constructed in 2007 and sits on a generous 543,193.2-square-foot lot. Currently operating at 90% occupancy, this asset offers a compelling return on investment with an asking price of $1,650,000, translating to $12 per square foot. The property is zoned for agricultural use (agri) and features a three-phase electrical service, including a dedicated generator building. While the previous business operated as a broiler chicken farm, the versatile space presents significant potential for various retail applications. The property's sealed construction and biosafety protocols, implemented by the previous tenant, highlight its adaptability and potential for diverse uses. The sale includes the real property and allows for a 1031 exchange. This presents a unique opportunity for investors seeking a high-occupancy, established property with significant upside potential in a growing market. The property's substantial size and strategic location in Knox County, Ohio, make it an attractive investment for discerning buyers.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 2007
    Total area 45,840 SF
    UPID US66-5283854
    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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    Owner & transaction history
    Fairytale Farms LLC · 7 yrs held
    Fairytale Farms LLC
    since 2019
    3 recorded transactions
    2022
    2019
    $1.5M
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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