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Property profile & analytics
OFF-MARKET
Day care centers

505 Hocking St Lancaster, OH 43130-2960

4,260 SF 0.17 ac lot Built 1973
Entity Owned 23-yr Hold Absentee Owner Free & Clear
Property ID
US66-0262052
Property summary
AI-generated overview

This exceptional 4,260-square-foot special purpose building, situated on a 7,405.2-square-foot lot in Lancaster, Ohio, presents a unique investment opportunity. Built in 1973 and renovated in 1980, the property boasts a desirable location at 505 Hocking Street, 43130. The building features four separate areas, each with its own exterior entrance and bathroom, providing excellent flexibility for a variety of uses. A private office is located at the front of the building. The property includes a large fenced area with a blacktop drive and additional blacktop space adjacent to the building's rear entrances. Ideal for uses such as a daycare center, doggie daycare, office space, or even a veterinary office with a surgery center. Recent improvements include the replacement of three heat pumps within the last ten years and newer flooring throughout the building. The roof is approximately ten years old. Three parcels are included in this sale, adding significant value to the property. The asking price is $250,000, representing a price per square foot of $58.69. This property offers a compelling combination of functionality, location, and recent upgrades, making it an attractive investment prospect.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1973
Construction STEEL FRAME
Total area 4,260 SF
Lot 0.17 ac (7,523 SF)
APN 053-11467.00
UPID US66-0262052
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
  • Small Wonders Learning Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
2K
2K
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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