Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    728 Main St Marysville, OH 43040-1146

    • Office Properties & Spaces
    • 1,920 SF
    • 1.99 lot acres
    OFF-MARKET
    Last Sale
    Nov 25, 2020
    $530,000
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    3.7%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US66-1924008
    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.

    Current Use by Public Records

    • Amish Heritage Country Market / Food Market / Restaurant
    • Kreis Sawmill / Mill / Factory

    Property Details for 728 Main St

    Year built
    1960
    Lot size
    1.99 lot acres
    Property size
    1,920 SF
    Property type
    Office Properties & Spaces
    APN
    29-0005004.0000
    APU
    2900050040000

    Description

    This exceptional retail property, located at 728 Main Street in Marysville, Ohio, offers 2,080 square feet of versatile commercial space. Ideal for a variety of retail businesses, this property presents a significant opportunity for growth and profitability. Situated on Main Street, it benefits from high visibility and substantial foot traffic, ensuring maximum exposure for your business. The building is ready for immediate occupancy, allowing for a swift and efficient start to your operations. The asking price of $450,000 represents a compelling investment in a thriving Ohio market. The property's size and location make it an attractive prospect for entrepreneurs and established businesses alike. Its prime location on Main Street guarantees excellent visibility and accessibility, attracting a steady stream of potential customers. This is a rare opportunity to acquire a well-positioned retail space in a desirable area, offering significant potential for return on investment. The property is offered as-is. Serious inquiries only. Don't miss this chance to secure a thriving retail presence in the heart of Marysville. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $495,000
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $487,000
      Market price range: $92.8k - $488k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $445,000
      AUTO REPAIR, GARAGE
      $315,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.3653
    Latitude
    40.246
    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
    $8,025
    $51,980
    $55,910
    $107,890
    -
    $148,500
    $159,740
    $308,240

    Comparable in this City

    • Value Estimation by Request
      12,856 SF

      15151 Us Highway 36

      Multifamily properties • 12,856 SF
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      1.25 Acres

      State Rte 31

      OFFICE (GENERAL) • 1.25 Acres
      State Rte 31, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      0.40 Acres

      9th St

      OFFICE (GENERAL) • 0.40 Acres
      9th St, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      2.17 Acres

      Allen Ctr Rd

      OFFICE (GENERAL) • 2.17 Acres
      Allen Ctr Rd, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      864 SF

      216 6th St

      OFFICE (GENERAL) • 864 SF
      216 6th St, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      3,120 SF

      Reed Rd

      OFFICE (GENERAL) • 3,120 SF
      Reed Rd, Marysville, OH 43040
      View Details

    Similar Nearby for Sale

    • $1,400,000
      12,856 SF

      Marysville Multifamily Investment Opportunity

      Mixed-use buildings, 2 acres, high potential.
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • $175,000

      Prime Marysville Residential Land

      87,120 SF Buildable Lot in Ohio
      0 Delaware County Line Rd, Marysville, OH 43040
      View Details
    • $2,300,000

      Prime Marysville Bowling Alley

      Profitable Bowling Alley, 3.7 Acres
      1189 Columbus Ave, Marysville, OH 43040
      View Details
    • Contact for pricing
      2.00 Acres

      Prime Commercial Land in Ohio

      Versatile land, ideal for development.
      10321 Industrial Pkwy, Plain City, OH 43040
      View Details
    • $1,155,000
      2.10 Acres

      Marysville Commercial Land - Lot B

      Prime 2.1-acre commercial lot in Marysville, OH.
      Marysville Columbus Ave, Marysville, OH 43040
      View Details
    • Contact for pricing

      125-Acre Land Parcel in Marysville

      125-acre property suitable for retail, truck stop, or residential development.
      23731 Darby Pottersburg Rd, Marysville, OH 43040
      View Details

    Similar Nearby for Lease

    • $650 /Mo
      7,726 SF

      Renovated Office Space in Marysville

      Renovated private office in Uptown Marysville. Utilities included.
      116 S Main St, Marysville, OH 43040
      View Details
    • $1,800 /Mo
      300 SF

      Renovated Office Space with Rooftop

      Newly renovated coworking space with rooftop patio in Marysville, OH.
      129 N Main St Unit, Marysville, OH 43040
      View Details
    • Contact for pricing
      200,000 SF

      Marysville Industrial Development Opportunity

      200,000 SF Flex Space Available in Ohio
      0 Weaver Rd, Marysville, OH 43040
      View Details
    • $23 SF/Yr
      3,491 SF

      Downtown Marysville Restaurant/Bar

      Prime location, patio, ample parking.
      0 5Th St, Marysville, OH 43040
      View Details
    • $43 SF/Yr
      3,906 SF

      Prime Marysville Retail Space

      Class A retail space, two suites available.
      878 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    • Contact for pricing
      950 SF

      Meijer In-Store Retail Space

      950 SF Retail Space in Marysville, OH
      930 Colemans Crossing Blvd, Marysville, OH 43040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    728 Main St
    Marysville, OH 43040-1146
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.