Property profile

3775 Lancaster New Lexington SE Rd Lancaster, OH 43130

OFF-MARKET
Office buildings
Property ID
US66-4184955
18,824 SF 55.76 ac lot Built 1965
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This expansive 381,872 square foot industrial property, situated on 118.62 acres in Lancaster, Ohio, presents a significant opportunity for owner-users. Built in 1965, the facility boasts 20 loading docks, one drive-in door, and substantial office space. The property features a unique combination of assets including internal rail service with two rail doors, an on-site AEP electric substation, and ample trailer parking. Ceiling heights range from 21 to 25 feet. An additional 58 acres of undeveloped land offers significant expansion potential. Conveniently located southeast of Columbus, this location provides access to a large workforce. The property will be available for occupancy in late Q3 2024, making it an ideal solution for companies in food production, battery, automotive, plastics, solar, or other manufacturing sectors. This is a rare opportunity to acquire a well-equipped, strategically located industrial facility with significant growth capacity.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1965
Total area 18,824 SF
Lot 55.76 ac (2,428,906 SF)
APN 053-50003.10
UPID US66-4184955

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3775 Lancaster New Lexington SE Rd Lancaster, OH 43130-9314
Lancaster metro Census 31300 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.59M

Owner & transaction history

since 2024
Last sale
$7.6M
2 recorded transactions
2024
$7.6M
2021
$7.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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