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    7500 Industrial Pkwy Plain City, OH 43064-9005
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    Property profile & analytics

    7500 Industrial Pkwy, Plain City, OH 43064-9005

    View on Map
    • Office buildings
    • 7,560 SF
    • 14.98 lot acres
    Off-Market
    Last Sale Aug 17, 2020
    $2,800,000
    Property ID
    US66-1756891
    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
    $2,800,000
    Show details
    Cap Rate Potential
    3.1%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Miller Bros. Const., Inc. / Construction Company
    • URETEK Holdings / Construction Company / General Contractor

    Property Details for 7500 Industrial Pkwy

    Year built
    1988
    Lot size
    14.98 lot acres
    Property type
    Office buildings
    APN
    15-0031035.1000
    APU
    1500310351000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 17, 2020 $28,000 Miller Bros Const INC Industrial Parkway Investors LLC Limited Warranty Deed $26.7M · Pnc Bank NA
    Jan 22, 2010 — Industrial Parkway Invtrs LLC — Trustees Deed · related $271k · Richland Bk
    Jul 27, 2007 — Parkway Investors L Industrial — Trustees Deed · related $50k · Richland Tr
    — — Industrial Parkway Investors — Deed Of Trust · related $65k · Security Nat'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,185,000
      ML approach
      $2,875,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,732,000
      Market price range: $798k - $2.73M

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

    Location Insight

    • Map
    • Local Demand
    City
    Plain City
    County
    Union
    State
    Ohio
    Longitude
    -83.1897
    Latitude
    40.1205
    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
    $27,771
    $317,630
    $220,450
    $538,080
    -
    $907,500
    $629,860
    $1,537,360

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      Main St

      OFFICE BUILDING
      Main St, Plain City, OH 43064
      View Details
    • Value Estimation by Request
      1,398 SF

      8744 Unionville Rd

      OFFICE BUILDING
      8744 Unionville Rd, Plain City, OH 43064-9737
      View Details
    • Value Estimation by Request
      1,500 SF

      9042 Heritage Dr

      OFFICE BUILDING
      9042 Heritage Dr, Plain City, OH 43064-9493
      View Details
    • Value Estimation
      $560,000
      3,456 SF

      7445 Montgomery Rd

      OFFICE BUILDING
      7445 Montgomery Rd, Plain City, OH 43064-8612
      View Details
    • Value Estimation
      $685,000
      5,520 SF

      6990 State Rte 161

      OFFICE BUILDING
      6990 State Rte 161, Plain City, OH 43064
      View Details
    • Value Estimation by Request
      1,314 SF

      265 Chillicothe St

      OFFICE BUILDING
      265 Chillicothe St, Plain City, OH 43064-1221
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Leased Postal Office Building

      Office building leased to the U.S. Postal Service, offering an established tenant situation for investors or owner-operators.
      219 Maple St, Plain City, OH 43064
      View Details
    • $265,000
      3.02 Acres

      3-Acre Homesite in Plain City

      Picturesque 3-acre lot near Plain City, ideal for custom estate.
      9513 State Route 736, Plain City, OH 43064
      View Details
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      3,700 SF

      Flex Condo For Sale

      Flex condo available for sale.
      8540 Rausch Dr, Plain City, OH 43064
      View Details
    • Contact for pricing

      Land Tracts Development Opportunity

      Land suitable for residential, commercial, and mixed-use development.
      Converse Rd, Plain City, OH 43064
      View Details
    • Contact for pricing

      Land in New California Subdivision

      Lot with view of pond and common area.
      10119 Biscayne Ct, Plain City, OH 43064
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Office Space in Plain City

      Restored office space in a historic Plain City building.
      125 W Main St, Plain City, OH 43064
      View Details
    • Contact for pricing

      Flex Space in Commercial District

      All-inclusive warehouse, office, and flex space for small businesses.
      7780 Corporate Blvd, Plain City, OH 43064
      View Details
    • Contact for pricing
      21,000 SF

      New Industrial Space Available

      New industrial warehouse space for lease, delivery Q1 2026.
      7685 Commerce Pl, Plain City, OH 43064
      View Details
    • Contact for pricing
      9,000 SF

      Available Warehouse Space in Plain City

      9,000 SF warehouse space with ample parking.
      7637 Commerce Pl, Plain City, OH 43064
      View Details
    • Contact for pricing
      3,000 SF

      Corporate Blvd Warehouse Space

      Warehouse space near I-270 and I-70.
      7710 Corporate Blvd, Plain City, OH 43064
      View Details
    • Contact for pricing
      8,470 SF

      Retail Space Near Planned Residences

      Retail opportunity near Costco, Aldi, and planned residential developments.
      Weldon Rd, Plain City, OH 43064
      View Details
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    Plain City, OH 43064-9005
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    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
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