Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    275 5th St Marysville, OH 43040-1199
    Back to Search
    Property profile & analytics

    275 5th St, Marysville, OH 43040-1199

    View on Map
    • Office buildings
    • 1,120 SF
    • 0.25 lot acres
    Off-Market
    Property ID
    US66-6111718
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barbara Luke - Attorney and Counselor at Law - Luke Lawyers Co. / Law Firm / Child Welfare Organization
    • Luke Lawyers Co. / Law Firm
    • Union Home Mortgage / Loan Service / Bank

    Property Details for 275 5th St

    Year built
    1904
    Construction
    FRAME
    Lot size
    0.25 lot acres
    Property type
    Office buildings
    APN
    29-0007081.0000
    APU
    2900070810000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 29, 2019 — 275 West Fifth Street LLC Luke,brian & Barbara Warranty Deed —
    Jan 26, 2018 $395,000 Brian Luke Rogers,james & Heather Warranty Deed —
    Jul 8, 2015 $85,500 James Rogers Christiana Trust 2013-13 Grant Deed —
    Jul 30, 2014 $110,000 Christian Trust 20013-13 Sheriff Of Union County|eickhoff,zachary J Trustees Deed —
    Nov 28, 2006 $196,400 Zachary J Eickhoff Harold W Green Warranty Deed $195k · Colony Mortgage Corp
    May 27, 1998 $132,000 Harold W Green Teets,donald L Grant Deed $170k · Richwood Banking Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.371
    Latitude
    40.2364
    CBSA code
    18140
    CBSA name
    COLUMBUS, 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
    2022
    $12,380
    $31,280
    $116,050
    $147,330
    -
    $89,380
    $331,560
    $420,940

    Comparable in this City

    • Value Estimation by Request
      475 SF

      1210 Columbus Ave

      OFFICE BUILDING
      1210 Columbus Ave, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      1,080 SF

      123 5th St

      OFFICE BUILDING
      123 5th St, Marysville, OH 43040-1109
      View Details
    • Value Estimation
      $1,760,000
      8,902 SF

      233 6th St

      OFFICE BUILDING
      233 6th St, Marysville, OH 43040-5513
      View Details
    • Value Estimation
      $1,770,000
      8,750 SF

      13601 Industrial Pkwy

      OFFICE BUILDING
      13601 Industrial Pkwy, Marysville, OH 43040-8890
      View Details
    • Value Estimation by Request
      2,915 SF

      207 Main St

      OFFICE BUILDING
      207 Main St, Marysville, OH 43040-1161
      View Details
    • Value Estimation by Request
      2,708 SF

      110 Main St

      OFFICE BUILDING
      110 Main St, Marysville, OH 43040-1552
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,856 SF

      Mixed-Use Buildings in Growing Area

      Three mixed-use buildings on over 2 acres in Marysville.
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • Contact for pricing
      1,620 SF

      Prime Marysville Commercial Property

      Commercial property in the heart of Marysville, ready to build.
      111 W 7Th St, Marysville, OH 43040
      View Details
    • Contact for pricing
      1,580 SF

      Mixed-Use Property in Downtown Marysville

      Mixed-use property with residential and income-producing office space.
      804 W 5Th St, Marysville, OH 43040
      View Details
    • $945,000
      8,905 SF

      Versatile Commercial Space in Marysville

      Spacious commercial property with ample parking near Uptown Marysville.
      231 N Main St, Marysville, OH 43040
      View Details
    • Contact for pricing
      7,600 SF

      Retail, Storage, and Shop Building

      Two-story building with retail, storage, and shop functionality.
      906 E 5Th St, Marysville, OH 43040
      View Details
    • $3,995,000
      40,000 SF

      Marysville Warehouse For Sale

      40,000 square foot warehouse in Union County, Ohio.
      16789 Square Dr, Marysville, OH 43040
      View Details

    Similar Nearby for Lease

    • $1,149 /Mo
      150 SF

      Renovated Office Space with Patio

      Newly renovated coworking space in Marysville's Uptown area.
      129 N Main St, Marysville, OH 43040
      View Details
    • $20 SF/Yr
      2,040 SF

      Renovated Medical Office Space Available

      Recently renovated medical office space for lease near Memorial Hospital.
      171 Morey Dr, Marysville, OH 43040
      View Details
    • $650 /Mo
      7,726 SF

      Renovated Private Office Suite

      Second-floor private office in a shared uptown workspace with utilities included and shared kitchen access.
      116 S Main St, Marysville, OH 43040
      View Details
    • $2,100 /Mo
      1,620 SF

      Rehabilitated Office and Retail Space

      Recently rehabbed space with ample reception, private offices, conference room, kitchen, and strong signage and parking potential.
      111 W 7Th St, Marysville, OH 43040
      View Details
    • $1,149 /Mo
      150 SF

      Renovated Office Space with Patio

      Newly renovated coworking space in Marysville's Uptown area.
      129 N Main St, Marysville, OH 43040
      View Details
    • Contact for pricing
      4,000 SF

      Marysville Office Space Available

      8,000 SF office space for rent in Marysville, OH.
      OH-736 & Fox Fire Dr, Marysville, OH 43040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    275 5th St
    Marysville, OH 43040-1199
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    275 5th St, Marysville, OH, 43040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!