1569 Martindale RdGreenville, OH 45331

Property Details for 1569 Martindale Rd

Year built

1980

Lot size

19.13 AC

Property size (Sq ft)

34,814 SF

Property type

Manufacturing properties

APN

F27-2-212-36-02-01-10100

APU

F27221236020110100

Description

This exceptional industrial property, located at 1569 Martindale Rd, Greenville, OH 45331, presents a unique investment opportunity. Priced at $1,725,000, the property boasts a General Industrial (GI) zoning permit, allowing for a wide range of uses. The building features a substantial 34-foot ceiling height, ideal for various industrial applications. A single dock-high door provides convenient loading and unloading access. The property's key features include fourteen cranes with 10-20 ton capacity, enhancing operational efficiency. A 5,000 square foot service facility is included, offering ample space for maintenance and support operations. Adding to the investment appeal is an income-producing rental residence situated on the property. Four 25-ton sand silos are also present, providing significant storage capacity. The building further benefits from a 60-foot clear span, maximizing usable space and flexibility for various equipment and processes. This property is situated in Darke County, Ohio, offering convenient access to transportation routes and a strong industrial base. This is a rare opportunity to acquire a versatile and income-generating industrial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,408,300

  6.5%

  $11,453,800

  7%

  $10,635,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,312,430

  Geo Method

  $1,096,780

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,855,030

  Mixed-Use / Specialty

  $5,819,650

  Hospitality / Lodging

  $4,250,810

  Office

  $5,769,970

  Institutional / Educational

  $6,044,910

  Residential Income

  $7,072,540

  Multifamily

  $8,562,840

  Automotive / Energy

  $5,181,350

  Parking / Income-Based Land

  $1,802,350

  Restaurant / Food Service

  $2,995,890

  Healthcare / Senior Housing

  $5,982,820

Location Insight

City

Greenville

County

Darke

State

Ohio

Latitude

40.0945

Longitude

-84.6056

CBSA code

24820

CBSA name

GREENVILLE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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