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    Property profile & analytics

    235 Industrial Dr Lexington, OH 44904-1347

    • Warehouses
    • 43,444 SF
    • 4.05 lot acres
    OFF-MARKET
    Value Estimation
    $645,000
    Location Intelligence
    Property ID
    US66-2070055
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 235 Industrial Dr

    Year built
    1994
    Construction
    FRAME
    Lot size
    4.05 lot acres
    Property size
    43,444 SF
    Property type
    Warehouses
    APN
    059-62-210-01-016
    APU
    596221001016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $830,000
      6.5%
      $730,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $725,000
      Geo Method
      $830,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $770,000
      Retail
      $720,000
      Mixed-Use
      $725,000
      Hospitality
      $850,000
      Educational
      $780,000
      Residential Income
      $780,000
      Energy
      $755,000
      Income-Based Land
      $710,000
      Food Service
      $810,000

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Richland
    State
    Ohio
    Longitude
    -82.5601
    Latitude
    40.6782
    CBSA code
    31900
    CBSA name
    MANSFIELD, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,581
    $37,840
    $316,170
    $354,010
    -
    $108,120
    $903,330
    $1,011,450

    Comparable in this City

    • Value Estimation
      $285,000
      3,640 SF

      65 Ml St

      WAREHOUSE, STORAGE • 3,640 SF
      65 Ml St, Lexington, OH 44904-1228
      View Details
    • Value Estimation
      $360,000
      8,160 SF

      110 Industrial Dr

      WAREHOUSE, STORAGE • 8,160 SF
      110 Industrial Dr, Lexington, OH 44904-1339
      View Details
    • Value Estimation
      $325,000
      12,104 SF

      120 Industrial Dr

      WAREHOUSE, STORAGE • 12,104 SF
      120 Industrial Dr, Lexington, OH 44904-1339
      View Details
    • Value Estimation by Request
      1,771 SF

      31 Walnut St

      WAREHOUSE, STORAGE • 1,771 SF
      31 Walnut St, Mansfield, OH 44904
      View Details
    • Value Estimation by Request
      151,500 SF

      1450 State Rte 97

      WAREHOUSE, STORAGE • 151,500 SF
      1450 State Rte 97, Lexington, OH 44904
      View Details
    • Value Estimation
      $305,000
      4,816 SF

      54 Main St

      WAREHOUSE, STORAGE • 4,816 SF
      54 Main St, Lexington, OH 44904-1225
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Lexington Industrial Building For Lease

      11,000 sq ft industrial building with warehouse space for lease.
      140 Lexington Industrial Dr, Lexington, OH 44904
      View Details
    • Contact for pricing
      5,000 SF

      Versatile Warehouse Space For Lease

      5,000 sq ft warehouse with easy highway access.
      140 Lexington Industrial Dr, Lexington, OH 44904
      View Details
    • $329,999

      Mansfield, OH Land - 15 Acres

      Wooded acreage near Mid-Ohio Raceway. Perfect for building or recreation.
      0 Denman Rd, Mansfield, OH 44904
      View Details
    • $54,900
      Pending

      1.5 Acre Corner Lot

      1.5 acre corner lot in Lexington school district.
      Maxwell Rd, Lexington, OH 44904
      View Details
    • Contact for pricing
      0.21 Acres

      Residential Land in Lexington, Ohio

      Vacant lot in Lexington school district, just under 1/4 acre.
      Rippling Brook Dr, Lexington, OH 44904
      View Details
    • $400,000
      6.00 Acres

      Lexington Commercial Land

      6+ Acres, Prime Location, High Potential
      231 Main St, Lexington, OH 44904
      View Details
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    235 Industrial Dr
    Lexington, OH 44904-1347
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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