Property profile

461 State Route 61 Marengo, OH 43334

FOR SALE
Office buildings
Property ID
US66-1268121
2,704 SF 5.71 ac lot Built 1977
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 19.516-acre commercial land parcel in Marengo, Ohio, presents a unique investment opportunity. Situated at 461 State Route 61, this property boasts a highly desirable location at the I-71 and SR-61 interchange exit, offering unparalleled accessibility. Zoned C-2 (Highway Commercial) and I-1 (Industrial), the land is suitable for a wide range of commercial and industrial developments. Potential uses include a large gas station with ample truck parking, a significant industrial facility (up to 200,000 square feet), or multiple smaller buildings. The seller is open to various transaction structures, including build-to-suit options, land leases, or outright sale. Several site plans are available to illustrate potential development scenarios. The property's strategic location provides easy access to Downtown Columbus (within 35 minutes), the new Intel facility, and the I-270 Columbus Outerbelt, making it an attractive proposition for businesses seeking a prominent location with excellent connectivity. The property's APN is A01-001-00-361-01, A01-001-00-363-01, A01-064-00-004-01. This level lot offers significant potential for a variety of commercial ventures.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Total area 2,704 SF
Lot 5.71 ac (248,510 SF)
APN A01-001-00-361-01
UPID US66-1268121

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Gas Station

Location

461 State Route 61 Marengo, OH 43334
Marengo metro Census 965501 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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