6656 Windfall Rd Galion, OH 44833
This exceptional special-purpose property in Galion, Ohio, presents a unique investment opportunity. Situated on a sprawling 16.893-acre lot (735,728.4 sq ft), the property features a substantial 15,168-square-foot main metal building. This building boasts 14-foot ceilings, all-concrete floors, and is equipped with electricity and water. A separate 768-square-foot main office building includes a kitchen, living space, bedroom, shower, and laundry facilities. Heating is provided by co-ray in the main building and electric baseboard in the office. Additionally, a 960-square-foot pole building offers versatile storage or workspace. The property currently generates a substantial monthly income of $3,525 from existing leases, supplemented by an annual crop income of $2,200. The property is conveniently located just minutes from State Route 30 and is zoned R-1, allowing for diverse development possibilities. A private well and septic system are in place. Existing tenants and neighbors hold a right of refusal. This property offers significant potential for business expansion and the addition of a personal residence. The asking price is $599,999, translating to $39.56 per square foot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.