800 Delaware Ave Marysville, OH 43040-1724
Property profile & analytics
800 Delaware Ave Marysville, OH 43040-1724
- Commercial land
- 11,397 SF
- 2.23 lot acres
Property ID
US66-1280672
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.
Location Intelligence
Current Use by Public Records
- PNC ATM / Atm
- higi / Physician
- Amy Blair, RPh / Pharmacy
- Rita C. Hayes, RPh / Pharmacy
- Sheetz / Grocery & Convenience Store
Property Details for 800 Delaware Ave
- Year built
- 1998
- Lot size
- 2.23 lot acres
- Property size
- 11,397 SF
- Property type
- Commercial land
- APN
- 29-0004271.0010
- APU
- 2900042710010
Description
This exceptional investment opportunity presents a brand-new, 6,131 square foot Sheetz convenience store and gas station situated on a 2.23-acre lot in Marysville, Ohio. The property boasts a 15-year absolute NNN ground lease, commencing March 13, 2023, and expiring March 31, 2038, with built-in rent bumps of 5% every five years during the initial term and 10% increases every five years in option periods. The property benefits from a corporate guarantee from Sheetz, a major, privately-owned convenience store chain. Located at the hard corner of Delaware Avenue and North Cherry Street, this high-traffic location enjoys a combined 39,835 average annual daily traffic (AADT). The site's strategic position provides easy access to US Route 33 (47,625 AADT), a corridor known for its concentration of manufacturers, research, and logistics companies. The property is surrounded by a robust mix of national and local businesses, including Walmart, Home Depot, Lowe's, Walgreens, and numerous restaurants, creating a strong customer base. The area's demographics are also favorable, with 313,084 residents within a five-mile radius boasting an average annual household income of $112,982. Proximity to major transportation hubs, including Rickenbacker International Airport and John Glenn Columbus International Airport, further enhances the property's value. The asking price is $3,676,000, representing a 5.55% cap rate and a net operating income (NOI) of $204,000. This is a 1031 exchange eligible property.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,815,000
- 6.5%
- $1,675,000
- 7%
- $1,555,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,561,000
- AI Estimate
- $2,081,000
Market price range: $512k - $1.72MMarket price range: $551k - $2.90M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,160,000 Current use
- OFFICE BUILDING
- $2,635,000 Change: +127% Conversion: Easy
- RESTAURANT
- $2,175,000 Change: +87% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,870,000 Change: +61% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Marysville
- County
- Union
- State
- Ohio
- Longitude
- -83.3561
- Latitude
- 40.2366
- 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
$26,035
$97,580
$252,420
$350,000
-
$278,800
$721,200
$1,000,000
