You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Industrial land

227 Water Ave Bellefontaine, OH 43311-1731

1.02 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US66-4831212
Property summary
AI-generated overview

This exceptional 17,920 square foot industrial property, situated on a 0.74-acre lot at 227 Water Avenue in Bellefontaine, Ohio, presents a compelling investment opportunity. The building boasts three large overhead doors, facilitating efficient loading and unloading of goods. A convenient loading dock further enhances operational efficiency. The property's electrical system has been recently updated, ensuring reliable power for various industrial applications. The zoning designation, M1 - Light Manufacturing, allows for a wide range of potential uses. Beyond the expansive warehouse space, the property includes approximately 2,000 square feet of well-appointed office space, ideal for administrative functions or client meetings. This office area features updated bathrooms and a break room, currently undergoing a refresh with new paint and carpeting. The combination of ample warehouse space, modern office amenities, and strategic location makes this property an attractive option for businesses seeking to expand or relocate. The asking price is $425,000. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this versatile industrial property. The property is ready for immediate occupancy.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 1.02 ac (44,431 SF)
APN 17-091-16-09-001-000
UPID US66-4831212
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cmt Machining & Fabricating LLC · 1 yrs held
Cmt Machining & Fabricating LLC
since 2025
Last sale
$25,000
6 recorded transactions
2025
$390,000
2024
$25,000
2022
Price N/A
2022
Price N/A
2021
Price N/A
2020
$10,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 227 Water Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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