Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,715,000
Warehouses
4075 Spartan Dr Oregon, OH 43616
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US66-1955102
Property summary
AI-generated overview
This exceptional 82,757-square-foot warehouse, located at 4075 Spartan Drive in Oregon, Ohio, presents a significant opportunity for industrial tenants. Built in 2003, the single-tenant property sits on a substantial lot and offers immediate occupancy. The building boasts a high ceiling ranging from 26 to 29 feet, providing ample vertical space for storage and operations. Twelve loading docks and two dock-high doors ensure efficient loading and unloading of goods. The property is zoned 40-CI, and its APN is 4408116. Located in the Oregon submarket of Lucas County, this warehouse is strategically positioned for convenient access to transportation routes and logistical networks. The entire 82,757 square feet is currently vacant, making it ideal for a single large tenant seeking a substantial space. The lease rate is $5.25 per square foot, NNN. This property offers a rare opportunity to secure a large, well-maintained warehouse in a prime location. The expansive lot size provides ample room for expansion or future development. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
82,628 SF
Lot
4.67 ac (203,295 SF)
Zoning code
40-CI
APN
44-08116
UPID
US66-1955102
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.78M
Blend (final)
Blend
$3.72M
Owner & transaction history
Oregon Holdings One LLC
Oregon Holdings One LLC
since 2025
3 recorded transactions
Zoning & alternative use
40-CI · Oregon, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.1M
+94.5%
Retail stores
$5.8M
+87.8%
Commercial (general)
$5.3M
+71.4%
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 Oregon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oregon 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,110,000
Current use
AUTO REPAIR, GARAGE
$6,050,000
Change: +94% · Conversion: Easy
RETAIL STORES
$5,845,000
Change: +88% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,330,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$5,300,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$3.72M
Range $3.34M – $4.09M · ±10%
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
$45 / 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
$57,662
Tax year 2023
Assessed value
$676,165
Assessed 2023
Previous assessed
$676,165
+0.0% YoY
Effective rate
8.53%
On assessed value
Assessed land
$19,670
Assessed improvement
$656,495
Land market value
$56,200
Improvement market value
$1,875,700
Total market value
$1,931,900
Applied tax rate
44.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
82,628 SF
Lot
4.67 ac (203,295 SF)
Zoning code
40-CI
APN
44-08116
UPID
US66-1955102
Jurisdiction
LUCAS
Zoning & alternative use
40-CI · Oregon, OH
Zoning 40-CI · permitted uses
40-CI · Oregon, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oregon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$6.1M
RETAIL STORES
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.3M
OFFICE BUILDING
Est. value
$5.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
1
Lot
4.67 ac
Current owner
From public records · entity-resolved
Oregon Holdings One LLC
Entity
Mailing address
4140 LOCKBOURNE RD, COLUMBUS, OH 43207-4221
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 7, 2025
—
Oregon Holdings One LLC
—
Deed
related
$82,000,000 · Western-southern Life Assurance Company
Mar 15, 2018
—
Oregon Holdings Three LLC
—
Deed
related
$1,040,000 · Heartland Bank
—
—
Oregon Holdings Three LLC
—
Deed Of Trust
related
$240,000 · Huntington National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4075 Spartan Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
