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    Property profile & analytics

    4940 State Rte 229 Marengo, OH 43334-9634

    • Office buildings
    • 2,300 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-2775607
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 4940 State Rte 229

    Year built
    1993
    Lot size
    0.86 lot acres
    Property size
    2,300 SF
    Property type
    Office buildings
    APN
    A02-501-00-127-01
    APU
    A025010012701

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    Morrow
    State
    Ohio
    Longitude
    -82.7824
    Latitude
    40.4007
    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
    $50
    $12,040
    $108,290
    $120,330
    -
    $34,400
    $309,400
    $343,800

    Comparable in this City

    • Value Estimation
      $290,000
      3,148 SF

      691 State Rte 61

      OFFICE BUILDING (MULTI-STORY) • 3,148 SF
      691 State Rte 61, Marengo, OH 43334-9414
      View Details
    • Value Estimation
      $340,000
      2,376 SF

      1374 State Rte 61

      OFFICE BUILDING • 2,376 SF
      1374 State Rte 61, Marengo, OH 43334-9487
      View Details
    • Value Estimation by Request
      1,560 SF

      7 Main St

      OFFICE BUILDING • 1,560 SF
      7 Main St, Marengo, OH 43334
      View Details
    • Value Estimation
      $595,000
      2,704 SF

      461 State Rte 61

      OFFICE BUILDING • 2,704 SF
      461 State Rte 61, Marengo, OH 43334-9415
      View Details
    • Value Estimation
      $1,820,000
      14,486 SF

      73 State Rte 61

      MEDICAL BUILDING • 14,486 SF
      73 State Rte 61, Marengo, OH 43334
      View Details
    • Value Estimation by Request
      0.30 Acres

      Rt 229th St

      MEDICAL BUILDING • 0.30 Acres
      Rt 229th St, Marengo, OH 43334
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19.52 Acres

      Prime Marengo Commercial Land

      19.5 Acres, Multiple Uses Possible
      461 State Route 61, Marengo, OH 43334
      View Details
    • $225,000
      5.10 Acres

      Versatile Land with Equipped Outbuildings

      5 acres with outbuildings, electric, water, and septic.
      5341 Township Road 191, Marengo, OH 43334
      View Details
    • $150,000
      5.10 Acres

      Wooded Land in Morrow County

      Ready-to-build 5.1-acre lot with utilities in place.
      6159 County Road 191, Marengo, OH 43334
      View Details
    • Contact for pricing

      Commercial Pad Site Available

      Prime commercial pad site with drive-thru approval.
      876 State Route 61, Marengo, OH 43334
      View Details
    • $159,900
      5.30 Acres

      Rolling Acres Near Ashley, Ohio

      5+ acre lot offers country living near Polaris.
      165 Vl Twp Rd, Marengo, OH 43334
      View Details
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    4940 State Rte 229
    Marengo, OH 43334-9634
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    Realmo Value Estimation

    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.

    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.

    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
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