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Property profile & analytics
OFF-MARKET
Industrial properties
400 Bartram Ave Marion, OH 43302-2108
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2846988
Property summary
AI-generated overview
This exceptional 4-acre industrial land parcel presents a unique investment opportunity in Marion County. Ideally situated at the southeast corner of West Fairground Street and Bartram Avenue, this property offers unparalleled accessibility to US-23 and SR-4, ensuring seamless transportation and logistics. Currently fenced, the site is zoned I-1 – Limited Industrial District (City of Marion), accommodating a variety of uses, including general vehicle storage facilities and impound lots. The property's versatility makes it suitable for various industrial applications. The lease rate is competitively priced at $1,500 per acre per month. The parcel's size, combined with its strategic location and flexible zoning, makes it an attractive option for businesses seeking a secure and conveniently located outdoor storage or parking solution. The APN is 122160006400. This single-tenancy property is ready for immediate occupancy. Don't miss this chance to acquire a prime industrial land asset in a high-growth area. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Lot
9.63 ac (419,483 SF)
APN
12-216000.6400
UPID
US66-2846988
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
Current use
Occupant on record · Public records
-
Marion Steel Co General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John Effah · 5 yrs held
John Effah
since 2020
Last sale
$290,000
3 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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,473
Tax year 2023
Assessed value
$139,610
Assessed 2023
Previous assessed
$139,610
+0.0% YoY
Effective rate
4.64%
On assessed value
Assessed land
$48,480
Assessed improvement
$91,130
Land market value
$138,510
Improvement market value
$260,370
Total market value
$398,880
Applied tax rate
12.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1976
Heating
OIL
Lot
9.63 ac (419,483 SF)
APN
12-216000.6400
UPID
US66-2846988
Jurisdiction
MARION
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
1976
Heating
OIL
Lot
9.63 ac
Current owner
From public records · entity-resolved
John Effah
Individual
Mailing address
400 BARTRAM AVE, MARION, OH 43302-2108
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
$290,000
John Effah
Sims Bros INC
Warranty Deed
$242,200 · Harvest Small Business Finance LLC
Sep 26, 2016
$479,200
Sims Bros INC
General Recycling Of Ohio LLC
Grant Deed
$600,000 · General Recycling Of Ohio LLC
Jun 3, 2005
$500,000
General Recycling Of Ohio LLC
Marion Steel
Warranty 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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