7 School StLaura, OH 45337

Property Details for 7 School St

Year built

1969

Lot size

0.35 AC

Property size (Sq ft)

28,160 SF

Property type

Flex space

APN

L36-002240

APU

L36002240

Description

This exceptional industrial warehouse, located at 7 School St, Laura, OH 45337, presents a compelling investment opportunity. Boasting 28,000 square feet of space, this two-story building, constructed in 1969, is zoned L-1 (Light Industrial) and features four dock-high doors for efficient loading and unloading. The property includes a functional freight elevator and a conveyor system, enhancing operational efficiency. The warehouse also benefits from a recently upgraded energy-efficient LED lighting system, reducing operational costs. Adding to its appeal is a secure, fenced outdoor storage area, providing ample space for additional inventory or equipment. The asking price is $299,000, translating to a competitive price per square foot of $10.68. The property's features include a 10-foot ceiling height and an air compressor. The property's APN is L36-002240, L36-002260, & L36-001200. This warehouse offers significant potential for a variety of industrial uses and represents a strong value in the current market. The price has been significantly reduced, making this an even more attractive proposition. Competitive lease rates are also available. Don't miss this chance to acquire a well-equipped and strategically located industrial property.

• CAP approach

  CAP return

  Valuation

  6%

  $11,145,500

  6.5%

  $10,288,200

  7%

  $9,553,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,935,600

  Geo Method

  $887,153

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,284,240

  Mixed-Use / Specialty

  $5,272,120

  Hospitality / Lodging

  $3,876,730

  Office

  $5,247,800

  Institutional / Educational

  $5,483,280

  Residential Income

  $6,415,440

  Multifamily

  $7,657,090

  Automotive / Energy

  $4,699,950

  Parking / Income-Based Land

  $1,615,260

  Restaurant / Food Service

  $2,756,410

  Healthcare / Senior Housing

  $5,399,570

Location Insight

City

Laura

County

Miami

State

Ohio

Latitude

39.9952

Longitude

-84.4076

CBSA code

19430

CBSA name

DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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