5510 Courseview DrMason, OH 45040

  • Retail properties
  • 7,108 SF
For Sale
$5,000,000 View listing

Property Details for 5510 Courseview Dr

Year built
1990
Construction
BRICK
Lot size
7.84 AC
Property size (Sq ft)
7,108 SF
Property type
Retail properties
Property subtype
Other retail properties
APN
16-24-480-002-0
APU
16244800020

Description

This exceptional 71,975-square-foot warehouse, located at 5510 Courseview Drive in Mason, Ohio (zip code 45040), presents a significant opportunity for businesses seeking ample space and strategic location. Built in 1990, the property sits on a generous 7.84-acre lot and is zoned HT-1: High Tech Light Industrial District (APN: 1624480002). The warehouse boasts a single tenancy, offering complete control and flexibility to the lessee. The building features impressive 13' to 15' ceiling heights, providing ample vertical storage capacity. Loading and unloading are facilitated by four dock-high doors and one drive-in door. Ample parking is available with 130 striped spaces. The property is equipped with robust power capabilities, including 480/277V, 3-phase power with a 7,200-amp service. The entire 71,975 square feet is currently vacant and ready for immediate occupancy. This property is ideally suited for a variety of industrial and commercial uses, offering a combination of size, functionality, and location within the thriving Mason, Ohio market. The property is located in Warren County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,393,995
    6.5%
    $1,286,764
    7%
    $1,194,852
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,224,511
    Geo Method
    $2,224,511
  • Alternative Use

    Use
    Valuation
    Residential
    $1,085,434
    Hospitality
    $994,252
    Educational
    $827,206
    Medical
    $855,654
    Retail
    $1,286,764
5510 Courseview Dr, Mason, Ohio

Location Insight

City
Mason
County
Warren
State
Ohio
Latitude
39.3532
Longitude
-84.2755
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN 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
$73,315
$384,160
$691,775
$1,075,935
-
$1,097,600
$1,976,500
$3,074,100

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