Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    302 5th St Marysville, OH 43040-1212
    Back to Search
    Property profile & analytics

    302 5th St, Marysville, OH 43040-1212

    View on Map
    • Strip malls
    • 2,460 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US66-1701781
    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

    • Michoacan - It Came Out Perfectly Ice Cream Shop / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 302 5th St

    Year built
    1969
    Lot size
    0.17 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    29-0010019.0000
    APU
    2900100190000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2019 — Mark S Yerke Yerke Peggy W Trust Quit Claim Deed · related —
    Jul 30, 2019 — Robert M Yerke Yerke Peggy W Affidavit Of Death · related —

    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
    -83.3642
    Latitude
    40.2365
    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
    2023
    $3,280
    $26,290
    $17,810
    $44,100
    -
    $75,110
    $50,890
    $126,000

    Comparable in this City

    • Value Estimation
      $825,000
      53,886 SF

      710 770th Colemans Xing Blvd

      SHOPPING CENTER, STRIP CENTER
      710 770th Colemans Xing Blvd, Marysville, OH 43040
      View Details
    • Value Estimation by Request

      5th St

      SHOPPING CENTER, STRIP CENTER
      5th St, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      1.70 Acres

      Colemans Xing Blvd

      SHOPPING CENTER, STRIP CENTER
      Colemans Xing Blvd, Marysville, OH 43040
      View Details
    • Value Estimation
      $3,605,000
      1.95 Acres

      643-695 Colemans Xing Blvd

      SHOPPING CENTER, STRIP CENTER
      643-695 Colemans Xing Blvd, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      4,266 SF

      306 312th E 5th St

      SHOPPING CENTER, STRIP CENTER
      306 312th E 5th St, Marysville, OH 43040
      View Details
    • Value Estimation
      $605,000
      23,232 SF

      1079 Delaware Ave

      SHOPPING CENTER, STRIP CENTER
      1079 Delaware Ave, Marysville, OH 43040-9401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      New Retail Strip Center Available

      New construction retail space with high traffic potential.
      1130 Columbus Ave, Marysville, OH 43040
      View Details
    • Contact for pricing

      Land in Growing Marysville Area

      Land near headquarters of major companies and future technology park.
      401-491 Colemans Crossing Blvd, 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
    • $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
    • $650,000

      Retail and Warehouse Space Available

      Versatile commercial property with retail, storage, and shop functionality.
      906 E 5Th St, 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

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      New Retail Spaces Available

      New construction retail spaces available in multi-tenant strip center.
      878 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • Contact for pricing

      Restaurant/Bar Space in Downtown Marysville

      Restaurant/bar space with patio and parking in downtown Marysville.
      W 5Th St, Marysville, OH 43040
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Exceptional retail opportunity within high-traffic Meijer stores in the Midwest.
      930 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Available For Rent

      Retail space available for lease in Marysville, Ohio.
      OH-736 & Fox Fire Dr, 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
    • Contact for pricing

      New Retail Development Spaces Available

      New retail spaces in a vibrant suburban area.
      124-132 Emmaus Rd, 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.
    302 5th St
    Marysville, OH 43040-1212
    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
    302 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!