227 Water Ave Bellefontaine, OH 43311-1731
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.
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.