Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    State Rte 33 Marysville, OH 43040
    Back to Search
    Property profile & analytics

    State Rte 33, Marysville, OH 43040

    View on Map
    • Manufacturing properties
    • 0.35 lot acres
    Off-Market
    Last Sale Jun 20, 2023
    $2,650,000
    Property ID
    US66-3990597
    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
    $2,640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for State Rte 33

    Lot size
    0.35 lot acres
    Property type
    Manufacturing properties
    APN
    17-0040013.0000
    APU
    1700400130000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 20, 2023 $2,650,000 Mxd Heritage Holdings LLC Heritage Equipment Company Warranty Deed —
    Aug 17, 2007 — Heritage Equipment Co Board Of County Commissioners Warranty Deed —
    — — Heritage Equipment Co — Deed Of Trust · related $1.3M · Wesbanco Bk
    — — Heritage Equipment Co — Deed Of Trust · related $1.5M · Wesbanco Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,505,000
      ML approach
      $2,760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Marysville
    County
    Union
    State
    Ohio
    Longitude
    -83.2068
    Latitude
    40.1381
    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
    $521
    $6,130
    $0.00
    $6,130
    -
    $17,500
    $0.00
    $17,500

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      State Rte 4th 4

      ASSEMBLY (LIGHT INDUSTRIAL)
      State Rte 4th 4, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      697.62 Acres

      24000 Honda Pkwy

      FACTORY (MANUFACTURING)
      24000 Honda Pkwy, Marysville, OH 43040-8612
      View Details
    • Value Estimation
      $3,870,000
      191,026 SF

      14512 Scottslawn Rd, Unit 14600

      FACTORY (MANUFACTURING)
      14512 Scottslawn Rd, Marysville, OH 43040-7906
      View Details
    • Value Estimation by Request
      5,000 SF

      14681 Industrial Pkwy

      MANUFACTURING (LIGHT)
      14681 Industrial Pkwy, Marysville, OH 43040-9596
      View Details
    • Value Estimation
      $635,000
      134,669 SF

      20500 State Rte 739

      ASSEMBLY (LIGHT INDUSTRIAL)
      20500 State Rte 739, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      33.28 Acres

      13801 Industrial Pkwy

      FACTORY (MANUFACTURING)
      13801 Industrial Pkwy, Marysville, OH 43040-9591
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      112,000 SF

      Modern Industrial Space in Marysville

      New multi-tenant facility for manufacturing, R&D, and office warehouse.
      1200 Innovation Way, Marysville, OH 43040
      View Details
    • Contact for pricing
      7,600 SF

      Retail, Storage, and Shop Building

      Two-story building with retail, storage, and shop functionality.
      906 E 5Th St, Marysville, OH 43040
      View Details
    • $3,995,000
      40,000 SF

      Marysville Warehouse For Sale

      40,000 square foot warehouse in Union County, Ohio.
      16789 Square Dr, Marysville, OH 43040
      View Details
    • Contact for pricing
      122,850 SF

      Marysville Warehouse and Industrial Property

      122,850 SF warehouse/industrial property in Marysville, OH.
      1001 Innovation Way, Marysville, OH 43040
      View Details
    • $650,000

      Retail and Warehouse Space Available

      Versatile commercial property with retail, storage, and shop functionality.
      906 E 5Th St, Marysville, OH 43040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Marysville Industrial Leasing Opportunity

      Customizable industrial spaces with modern facilities in Marysville, OH.
      1101 Innovation Way, Marysville, OH 43040
      View Details
    • Contact for pricing

      Industrial Manufacturing Space Near Honda

      75,000 SF industrial space near Honda manufacturing plant.
      Marysville, OH 43040
      View Details
    • Contact for pricing
      112,000 SF

      Modern Industrial Space in Marysville

      New multi-tenant facility for manufacturing, R&D, or office warehouse.
      1200 Innovation Way, Marysville, OH 43040
      View Details
    • Contact for pricing

      Flex Space Build-to-Suit Opportunity

      Up to 200,000 SF build-to-suit flex space available.
      Weaver Rd, Marysville, OH 43040
      View Details
    • Contact for pricing
      2,912 SF

      Downtown Marysville Creative Flex Space

      Creative flex space in downtown Marysville with functional warehouse features.
      207 N Main St, Marysville, OH 43040
      View Details
    • Contact for pricing

      Downtown Marysville Creative Flex Space

      Creative flex space in downtown Marysville with functional warehouse features.
      207 North Main St, 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.
    State Rte 33
    Marysville, OH 43040
    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

    Thank You for Inquiry
    State Rte 33, Marysville, OH, 43040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!