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Property profile & analytics
FOR LEASE
Warehouses
435 Park Ave Delaware, OH 43015
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-0416917
For Lease
1 / 11
Contact for pricing
435 Park Ave, Delaware, OH 43015
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Property summary
AI-generated overview
This expansive industrial property at 435 Park Avenue in Delaware, Ohio, presents a significant opportunity. The single, two-story building encompasses 470,412 square feet, situated on 23 acres of land. The property is currently fully vacant and available for lease as a whole or potentially divisible into spaces of at least 150,000 square feet. Features include 27 loading docks, 5 drive-in doors, and impressive ceiling heights ranging from 14 to 30 feet. The building boasts ample parking with 100+ spaces. Power is supplied by a robust 3-phase, 1,600-amp system. The property is zoned M2: General Manufacturing and benefits from its location in Delaware County, Ohio, with the APN numbers 519-344-17-001-000 and 519-344-17-001-001. Built in 1958, this Class B building offers a substantial footprint for manufacturing, warehousing, or distribution operations. The property's size and features make it ideal for a variety of industrial uses. The large contiguous space is a rare find in this market. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
461,882 SF
Lot
19.04 ac (829,339 SF)
APN
519-344-17-001-000
UPID
US66-0416917
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
-
MWD Logistics Warehouse & Storage
-
Precision Tower Products Distribution Center Logistics Company
-
Mansfield Warehousing and Distribution Corporate Office
-
Emerald Valley Insurance Services Insurance Agency
-
Scotts Miracle Gro Landscaping 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
$7.04M
Owner & transaction history
Phoenix Delaware Ohio LLC · 8 yrs held
Phoenix Delaware Ohio LLC
since 2018
4 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 Delaware submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delaware 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
$15 / 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
$80,764
Tax year 2023
Assessed value
$1,449,670
Assessed 2023
Previous assessed
$1,219,790
+18.8% YoY
Effective rate
5.57%
On assessed value
Assessed land
$319,870
Assessed improvement
$1,129,800
Land market value
$913,900
Improvement market value
$3,228,000
Total market value
$4,141,900
Applied tax rate
14.0000
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
For Lease
Year built
1958
Heating
YES
Cooling
YES
Stories
1
Rooms
7
Bathrooms
1
Total area
461,882 SF
Lot
19.04 ac (829,339 SF)
APN
519-344-17-001-000
UPID
US66-0416917
Jurisdiction
DELAWARE
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
1958
Heating
YES
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
19.04 ac
Current owner
From public records · entity-resolved
Phoenix Delaware Ohio LLC
Entity
Mailing address
435 PARK AVE, DELAWARE, OH 43015-2431
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2020
—
Phoenix Delaware Ohio LLC
—
Deed
related
$46,000,000 · Ubs Ag
Apr 16, 2018
$5,000,000
Phoenix Delaware Ohio LLC
Delaware Business Park LLC
Trustees Deed
$45,550,000 · Walker & Dunlop Com'l Prop Fnd
Jun 4, 2013
—
Delaware Business Park LLC
—
Deed Of Trust
related
$30,000,000 · Bank Of America
—
—
Phoenix Delaware Ohio LLC
—
Deed Of Trust
related
$46,000,000 · Ubs Ag
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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