Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    400 S Wilson Rd Sunbury, OH 43074
    Back to Search
    Property profile & analytics

    400 S Wilson Rd, Sunbury, OH 43074

    View on Map
    • Super regional malls
    • 22,148 SF
    • 61.33 lot acres
    For Lease
    $975,000
    View Listing →
    Prime Land Near I-71 For Lease
    $975,000

    Prime Land Near I-71

    0.78 acres with highway visibility, ideal for restaurants.

    400 S Wilson Rd, Sunbury, OH
    View Listing
    Property ID
    US66-4300231
    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

    • Super regional malls

    Property Details for 400 S Wilson Rd

    Year built
    2015
    Lot size
    61.33 lot acres
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    417-240-02-007-002
    APU
    41724002007002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $948,000
      Market price range: $330k - $948k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $590,000
      Current use
      WAREHOUSE, STORAGE
      $1,315,000
      Change: +123% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunbury
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9243
    Latitude
    40.2599
    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
    $1,717,735
    $2,374,260
    $34,690,740
    $37,065,000
    -
    $6,783,600
    $99,116,400
    $105,900,000

    Comparable in this City

    • Value Estimation
      $695,000
      6,768 SF

      241 Cherry St

      WHOLESALE OUTLET, DISCOUNT STORE
      241 Cherry St, Sunbury, OH 43074-9596
      View Details
    • Value Estimation
      $745,000
      51,805 SF

      492 Cherry St

      SHOPPING CENTER, STRIP CENTER
      492 Cherry St, Sunbury, OH 43074-9307
      View Details
    • Value Estimation
      $1,655,000
      18,750 SF

      9945 State Rte 37

      WHOLESALE OUTLET, DISCOUNT STORE
      9945 State Rte 37, Sunbury, OH 43074-8621
      View Details
    • Value Estimation by Request
      0.34 Acres

      State Rte 37th E

      SERVICE STATION (FULL SERVICE)
      State Rte 37th E, Sunbury, OH 43074
      View Details
    • Value Estimation by Request
      0.40 Acres

      245 Columbus St

      RETAIL STORES (PERSONAL SERVICES)
      245 Columbus St, Sunbury, OH 43074-9508
      View Details
    • Value Estimation by Request
      1,708 SF

      76 Columbus St

      PARKING LOT
      76 Columbus St, Sunbury, OH 43074
      View Details

    Similar Nearby for Sale

    • $999,900

      Prime Sunbury Commercial Land

      High-traffic retail lot, excellent visibility.
      0 State Route 37, Sunbury, OH 43074
      View Details
    • Contact for pricing
      Pending

      81 Acres Near Big Walnut

      81 acres of land near Big Walnut Creek.
      Plantation Rd, Sunbury, OH 43074
      View Details
    • Contact for pricing

      Updated Multifamily Investment Opportunity

      Three updated rental properties on one parcel near amenities.
      732 N State Route 61, Sunbury, OH 43074
      View Details
    • Contact for pricing

      Land Available for Sale

      Land available for sale at 6830 E State Rte 37, Sunbury, OH.
      6830 E State Route 37, Sunbury, OH 43074
      View Details
    • Contact for pricing

      17.39 Acre Lot Available

      17.39 acre lot with existing building and highway access.
      Sunbury, OH 43074
      View Details
    • Contact for pricing

      Sunbury Acreage Near Big Walnut

      17.81 acre tract near Sunbury, great for building.
      Plantation Rd, Sunbury, OH 43074
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      OH, Sunbury - W Cherry St

      Workspaces, services and support to help you work better in NC, Charlotte - Tyvola Road
      801 Cherry St, Sunbury, OH 43074
      View Details
    • Contact for pricing

      Prime Land Near I-71

      0.78 acres with highway visibility, ideal for restaurants.
      400 S Wilson Rd, Sunbury, OH 43074
      View Details
    View Listing
    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.
    400 S Wilson Rd
    Sunbury, OH 43074
    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
    400 S Wilson Rd, Sunbury, OH, 43074
    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!