Technical
Financial
Distress signals
Property profile

624 6th Ave Lancaster, OH 43130

OFF-MARKET
Warehouses
Property ID
US66-6114908
1,920 SF 0.12 ac lot Built 1977
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,920 square foot warehouse, situated at 624 W 6th Avenue in Lancaster, Ohio, presents a compelling investment opportunity. Priced at $226,000, this property boasts a substantial 10,890 square foot lot encompassing two parcels, providing ample space and potential for expansion. Built in 1977, the building's history includes use as a mechanics garage, and it is currently vacant, ready for immediate occupancy. Its prime location on the west side of Lancaster ensures high visibility and accessibility. The warehouse features convenient amenities including a bathroom, a small office equipped with a window air conditioner, gas radiant heat, recently updated plumbing, and a new hot water tank. Two overhead garage doors facilitate easy loading and unloading. Abundant parking is available on the property, catering to both tenants and customers. This versatile property is ideal for a variety of commercial uses and presents a rare chance to acquire a well-maintained warehouse in a thriving location within Fairfield County, Ohio, zip code 43130. The property's size and features make it suitable for various businesses seeking a functional and well-located space.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1977
Construction STEEL FRAME
Total area 1,920 SF
Lot 0.12 ac (5,201 SF)
APN 053-11422.00
UPID US66-6114908

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

624 6th Ave Lancaster, OH 43130-2453
Lancaster metro Census 31700 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$155k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2023
Last sale
$205,000
3 recorded transactions
2023
$195,000
2020
$110,000
2009
$57,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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