2195 Stumbo Rd Ontario, OH 44906-1265
- Commercial real estate
- 2.69 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2195 Stumbo Rd
- Lot size
- 2.69 lot acres
- Property type
- Commercial real estate
- APN
- 038-60-228-06-000
- APU
- 386022806000
Description
This exceptional 2.69-acre executive office building at 2195 Stumbo Rd S, Ontario, OH 44906, presents a lucrative investment opportunity. Priced at $219,900, this property boasts a highly desirable location on a major thoroughfare connecting Lexington Springmill and W Fourth Street, ensuring high visibility and significant traffic flow. The property is zoned B Business District, providing flexibility for a range of commercial uses. The APN is 0386022806000. Its strategic placement offers excellent exposure to a substantial daily traffic count. Beyond its current use as an executive office, the property's zoning allows for potential expansion or adaptation. Specifically, the Richland County Planning Commission could approve conditional use permits for storage units, opening up additional revenue streams. This prime commercial land offers a unique blend of established functionality and future development potential, making it an ideal acquisition for discerning investors seeking a strong return on investment in a thriving Ohio market. The property's size and zoning make it a versatile asset suitable for a variety of commercial ventures.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $175,000
- 6.5%
- $190,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $165,000
- Retail
- $165,000
- Mixed-Use
- $170,000
- Hospitality
- $145,000
- Educational
- $185,000
- Residential Income
- $155,000
- Energy
- $150,000
- Income-Based Land
- $175,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- Richland
- State
- Ohio
- Longitude
- -82.5943
- Latitude
- 40.7648
- CBSA code
- 31900
- CBSA name
- MANSFIELD, OH METROPOLITAN STATISTICAL AREA