5885 Haughn Rd Grove City, OH 43123-9532
Property Lookup
Property profile & analytics
5885 Haughn Rd Grove City, OH 43123-9532
- Warehouses
- 12,000 SF
- 5.33 lot acres
Property ID
US66-0728297
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 5885 Haughn Rd
- Year built
- 2002
- Lot size
- 5.33 lot acres
- Property size
- 12,000 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 040-010580
- APU
- 40010580
Description
This exceptional self-storage facility presents a compelling investment opportunity in the thriving Grove City, Ohio market. Located on a 5.33-acre lot at 5885 Haughn Rd, 43123, this property boasts 22,800 square feet of rentable space, distributed across two buildings constructed in 1985. Currently housing 163 units and 137 parking spaces, the facility enjoys a remarkable 95% occupancy rate, generating a net cash flow exceeding $200,000 annually. The property features all-steel construction, paved roads, drive-up access, a security gate, security cameras, and an electronic gate with alarm systems. Its strategic location offers highway visibility just before the Rt. 665 exit on I-71 South, ensuring high exposure. Further enhancing its appeal are large RV parking spaces. Existing infrastructure, including an underground stormwater catch basin, significantly reduces expansion costs, estimated at over $100,000. Approved zoning (C) allows for expansion plans to double the size, adding approximately 340 new storage spaces and increasing RV parking to 30 spaces. The property's strong performance, coupled with significant expansion potential, makes it an attractive investment with a 4.55% cap rate and an asking price of $3,900,000. The Franklin County location and the property's APN is 040-010580.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,770,000
- ML approach
- $2,550,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,720,000
- 6.5%
- $1,585,000
- 7%
- $1,475,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $3,490,000
- AUTO REPAIR, GARAGE
- $1,980,000
- NEIGHBORHOOD: SHOPPING CENTER
- $1,970,000
- MEDICAL BUILDING
- $1,805,000
- OFFICE BUILDING
- $1,795,000
- APARTMENT HOUSE (5+ UNITS)
- $1,740,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grove City
- County
- Franklin
- State
- Ohio
- Longitude
- -83.0906
- Latitude
- 39.8456
- 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
$29,016
$81,270
$305,030
$386,300
-
$232,200
$871,500
$1,103,700
