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    5960 Center Rd Valley City, OH 44280

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    5960 Center Rd Valley City, OH 44280


    • Auto shops
    • 9,320 SF
    • 4.00 lot acres
    Industrial Property with Leaseback Opportunity For Sale
    $3,995,000
    19,048 SF

    Industrial Property with Leaseback Opportunity

    22.33-acre industrial property with leaseback and additional income streams.

    5960 Center Rd, Valley City, OH 44280
    View Listing
    Property ID
    US66-1490558
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Progressive Construction Group / Construction Company

    Property Details for 5960 Center Rd

    Year built
    1967
    Lot size
    4.00 lot acres
    Property size
    9,320 SF
    Property type
    Auto shops
    APN
    025-01D-03-002
    APU
    02501D03002

    Description

    This exceptional investment opportunity encompasses a 22.33-acre site in Valley City, Ohio, featuring four industrial buildings totaling 19,048 square feet. The property boasts a strong tenant roster, anchored by Progressive Construction Group, a leader in wall foundations, under a 10-year sale-leaseback agreement. Additional tenants include Environmental Stone Works and a trucking company providing oil changes and maintenance, generating consistent rental income. Building A, constructed in 1967 and recently renovated, comprises 9,300 square feet of office and warehouse space, featuring new HVAC (2022), grade-level doors, and ample utilities. Building B (7,040 sq ft, built 1973) and Building C (2,688 sq ft, built 1987) offer additional warehouse space with multiple grade-level doors. A planned 1,500-square-foot office addition (Building D) is slated for completion in early 2024, further enhancing the property's value. The property also includes a 40+ unit semi-truck parking area. A Phase 1 environmental assessment was completed on August 11, 2021. Utilities include Columbia Gas (one meter), Ohio Edison (three meters), and Armstrong Cable. The property utilizes a well water and septic system. Projected annual property taxes are $43,376.27. This multi-tenant complex presents a compelling investment opportunity with significant long-term potential.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,615,000
      ML approach
      $2,600,000
    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,830,000
      MEDICAL BUILDING
      $1,560,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Valley City
    County
    Medina
    State
    Ohio
    Longitude
    -81.9014
    Latitude
    41.2362
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, 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
    $5,190
    $31,980
    $80,550
    $112,530
    -
    $91,360
    $230,130
    $321,490
    View Listing
    More about this property
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