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Property profile & analytics
OFF-MARKET Estimated value $2,520,000
Auto shops

5960 Ctr Rd Valley City, OH 44280-9747

9,320 SF 4 ac lot Built 1967
Entity Owned 3-yr Hold Free & Clear
Property ID
US66-1490558
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1967
Total area 9,320 SF
Lot 4 ac (174,240 SF)
APN 025-01D-03-002
UPID US66-1490558
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
  • Progressive Construction Group Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.52M
Owner & transaction history
5960 Center Road Valley City LLC · 3 yrs held
5960 Center Road Valley City LLC
since 2023
Last sale
$2.4M
3 recorded transactions
2023
Price N/A
2022
$2.4M
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.8M +63.9%
Medical building $1.6M +39.9%
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