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Property profile & analytics
OFF-MARKET
Estimated value
$7,590,000
Office buildings
3775 Lancaster New Lexington SE Rd, Lancaster, OH 43130-9314
Individually Owned
1-yr Hold
Free & Clear
Property ID
US66-4184955
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
3775 Lancaster New Lexington Road L · 1 yrs held
3775 Lancaster New Lexington Road L
since 2024
Last sale
$7.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,590,000
ML approach
$7,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.59M
Range $6.83M – $8.35M · ±10% · vs last sale $7.59M (Dec 13 2024)
Last sale anchor
$7.59M
Dec 13 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$403 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$224,537
Tax year 2023
Assessed value
$2,478,330
Assessed 2023
Previous assessed
$2,478,330
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$484,900
Assessed improvement
$1,993,430
Land market value
$1,385,430
Improvement market value
$5,695,500
Total market value
$7,080,930
Applied tax rate
53.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1965
Heating
YES
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
18,824 SF
Lot
55.76 ac (2,428,906 SF)
APN
053-50003.10
UPID
US66-4184955
Jurisdiction
FAIRFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
55.76 ac
Current owner
From public records · entity-resolved
3775 Lancaster New Lexington Road L
Individual
Free & Clear · 1 yrs held
Mailing address
2503 S HANLEY RD, SAINT LOUIS, MO 63144-2503
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
$7,589,600
3775 Lancaster New Lexington Road L
Post Consumer Brands LLC
Deed
—
Jun 25, 2021
$7,463,600
Post Consumer Brands LLC
Treehouse Private Brands INC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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