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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    State Rte 33 Marysville, OH 43040

    • Manufacturing properties
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Jun 20, 2023
    $2,650,000
    Value Estimations
    $2,640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    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.

    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

    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 valuation — 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) • 0.03 Acres
      State Rte 4th 4, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      697.62 Acres

      24000 Honda Pkwy

      FACTORY (MANUFACTURING) • 697.62 Acres
      24000 Honda Pkwy, Marysville, OH 43040-8612
      View Details
    • Value Estimation
      $3,870,000
      191,026 SF

      14512 Scottslawn Rd, Unit 14600

      FACTORY (MANUFACTURING) • 191,026 SF
      14512 Scottslawn Rd, Marysville, OH 43040-7906
      View Details
    • Value Estimation by Request
      5,000 SF

      14681 Industrial Pkwy

      MANUFACTURING (LIGHT) • 5,000 SF
      14681 Industrial Pkwy, Marysville, OH 43040-9596
      View Details
    • Value Estimation
      $635,000
      134,669 SF

      20500 State Rte 739

      ASSEMBLY (LIGHT INDUSTRIAL) • 134,669 SF
      20500 State Rte 739, Marysville, OH 43040
      View Details
    • Value Estimation by Request
      33.28 Acres

      13801 Industrial Pkwy

      FACTORY (MANUFACTURING) • 33.28 Acres
      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
      250,829 SF

      Prime Industrial Property in Marysville

      Exceptional industrial property with modern amenities in a strategic location.
      1020 Innovation Way, Marysville, OH 43040
      View Details
    • Contact for pricing
      8.00 Acres

      Marysville Industrial Land for Sale

      Prime Ohio industrial development site.
      0 Innovation Way, Marysville, OH 43040
      View Details
    • $1,400,000

      Marysville Mixed-Use Investment Opportunity

      Six-unit multifamily, commercial, & warehouse
      15151 Us Highway 36, Marysville, OH 43040
      View Details
    • $1,200,000

      Marysville Warehouse: Prime Development Site

      1.09-acre corner lot, excellent development potential.
      401 Chestnut St, Marysville, OH 43040
      View Details
    • $650,000
      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

    Similar Nearby for Lease

    • 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
    • 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
      40,678 SF

      Marysville Warehouse with Dock Doors

      Well-maintained warehouse with multiple dock doors and ample parking.
      16789 Square Dr, Marysville, OH 43040
      View Details
    • Contact for pricing
      200,000 SF

      Marysville Flex/Industrial Space Available

      200,000 sq ft flex/industrial space in Marysville, OH.
      Weaver Rd, Marysville, OH 43040
      View Details
    • $13 SF/Yr
      2,250 SF

      Flex Space with Heated Warehouse

      Combined flex space with office and heated warehouse available for rent.
      1000-1028 Columbus Ave, 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
    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

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