20308 County Road 424Defiance, OH 43512
- Office properties
- 9,204 SF
For Sale
$2,100,000
View listing
Property Details for 20308 County Road 424
- Year built
- 1966
- Construction
- WOOD FRAME
- Lot size
- 7.72 AC
- Property size (Sq ft)
- 9,204 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- B110029001102
- APU
- B110029001102
Description
Exceptional investment opportunity in Defiance, Ohio! This property encompasses a thriving self-storage facility featuring 172 units, indoor parking for RVs and boats, and a large (9,204 sq ft) rented metal storage building. The 11.134-acre lot includes a 3.4-acre vacant parcel ideal for future self-storage expansion. The property also includes an operating bar and restaurant, the "Axehole Bar," presenting a unique dual-income stream. The bar building offers flexibility
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,679,344
- 6.5%
- $1,550,164
- 7%
- $1,439,438
-
Comparable approach
- Method
- Valuation
- Relative Method
- $181,227
- Geo Method
- $181,227
-
Alternative Use
- Use
- Valuation
- Residential
- $1,922,203
- Hospitality
- $1,760,728
- Educational
- $1,464,905
- Medical
- $1,515,285
- Retail
- $2,278,741
20308 County Road 424, Defiance, Ohio
Location Insight
- City
- Defiance
- County
- Defiance
- State
- Ohio
- Latitude
- 41.2748
- Longitude
- -84.433
- CBSA code
- 19580
- CBSA name
- DEFIANCE, OH MICROPOLITAN 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
$13,755
$19,520
$256,910
$276,430
-
$55,770
$734,040
$789,810
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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