7801 Corporate BlvdPlain City, OH 43064

Property Details for 7801 Corporate Blvd

Lot size

1.35 AC

Property type

Office properties

APN

15-0028004.0060

APU

1500280040060

Description

This exceptional investment opportunity presents two manufacturing units totaling 6,030 square feet at 7801 Corporate Boulevard in Plain City, Ohio. The property, built in 2003 and renovated in 2018, features 18-foot ceilings and is situated on a single building with two stories. Unit E, approximately 3,000 square feet (excluding the second floor), includes offices on both the first and second floors and a 12-foot side door. Unit F, approximately 3,030 square feet, boasts a 9x10-foot overhead rear door. Both units are currently 100% occupied by Phoenix Bats, a baseball bat manufacturing company. Unit E is on a month-to-month lease and is also available for sale separately. Unit F's lease expires March 31, 2025. The property offers excellent accessibility to major highways and retailers, enjoying a prime location between Marysville and Dublin. The asking price is $1,115,000, with a price per square foot of $184.91 and a price per unit of $557,500. The property's APN is 15-0028004-1200, 15-0028004-1210. This is a rare chance to acquire a well-maintained, fully occupied industrial property in a desirable Ohio location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,143,960

  6.5%

  $7,517,502

  7%

  $6,980,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,500,713

  Geo Method

  $5,500,713

• Alternative Use

  Use

  Valuation

  Residential

  $9,321,703

  Hospitality

  $8,538,629

  Educational

  $7,104,040

  Medical

  $7,348,358

  Retail

  $11,050,728

Location Insight

City

Plain City

County

Union

State

Ohio

Latitude

40.127

Longitude

-83.1945

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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