7801 Corporate BlvdPlain City, OH 43064

  • Office properties
  • 1.35 AC
For Sale
$1,115,000 View listing

Property Details for 7801 Corporate Blvd

Lot size
1.35 AC
Property type
Office properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
7801 Corporate Blvd, Plain City, Ohio

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

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
$3,262
$61,690
$1,040
$62,730
-
$176,250
$2,980
$179,230

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