2195 Stumbo Rd, Ontario, OH 44906-1265
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.