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Property profile & analytics
FOR LEASE
Warehouses
2135 James Pkwy, Heath, OH 43056
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US66-3155054
For Lease
1 / 64
$5 SF/Yr
2135 James Pkwy, Heath, OH 43056
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Property summary
AI-generated overview
This ±125,000 square foot freestanding industrial building in Heath, Ohio, is available for lease. Located at 2135 James Parkway, this single-tenant property offers significant space for manufacturing, distribution, or warehousing operations. The building boasts a 20-foot clear height, providing ample vertical storage capacity. Column spacing is a generous 42 feet by 24 feet 8 inches, allowing for efficient layout and workflow. Loading and unloading are facilitated by 15 dock doors, plus two drive-in doors (one measuring 14 feet x 14 feet, and the other 10 feet x 14 feet). The property benefits from convenient access to Route 79 and is just minutes away from Interstate 70, ensuring efficient transportation and logistics. The lease rate is $5.00 per square foot, net, net (NN), with estimated operating expenses of $0.44 per square foot. This prime industrial space presents a compelling opportunity for businesses seeking a well-equipped and strategically located facility in central Ohio. The property's address is 2135 James Pkwy, Heath, OH 43056.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Total area
125,000 SF
Lot
5.72 ac (249,163 SF)
APN
080-331122-00.000
UPID
US66-3155054
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
$2.69M
Blend (final)
Blend
$2.37M
Owner & transaction history
Mid-ohio Dev Corp · 21 yrs held
Mid-ohio Dev Corp
since 2004
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Heath submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Heath 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
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±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
$19 / 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
$43,571
Tax year 2023
Assessed value
$1,032,820
Assessed 2023
Previous assessed
$1,032,820
+0.0% YoY
Effective rate
4.22%
On assessed value
Assessed land
$200,200
Assessed improvement
$832,620
Land market value
$572,000
Improvement market value
$2,378,900
Total market value
$2,950,900
Applied tax rate
80.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1967
Heating
NONE
Stories
1
Total area
125,000 SF
Lot
5.72 ac (249,163 SF)
APN
080-331122-00.000
UPID
US66-3155054
Jurisdiction
LICKING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
1
Lot
5.72 ac
Current owner
From public records · entity-resolved
Mid-ohio Dev Corp
Entity
Mailing address
PO BOX 32449, COLUMBUS, OH 43232-0449
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2004
—
Mid-ohio Dev Corp
Owner Name Unavailable
Warranty 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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