| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 68th | Good |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Gallery Dr, Marysville, OH, 43040, US |
| Region / Metro | Marysville |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | 2007-07-16 |
| Transaction Price | $8,050,000 |
| Buyer | SM & LINKS LLC |
| Seller | SIMON GROUP LP |
200 Gallery Dr Marysville Multifamily Investment Opportunity
Stable neighborhood occupancy and above-median income dynamics point to durable renter demand, according to WDSuite’s CRE market data. Neighborhood metrics cited below reflect the surrounding area rather than performance of this specific property.
Situated in Marysville within the Columbus, OH metro, the property is in an inner-suburban neighborhood rated A- by WDSuite, ranking 95th among 580 metro neighborhoods—competitive within the metro. Neighborhood occupancy is very high and sits in the top quartile nationally, a backdrop that supports leasing stability for multifamily assets.
Renter-occupied housing accounts for a substantial share of units in the neighborhood, indicating depth in the tenant base and potential for steady absorption. Within a 3-mile radius, population and household counts have grown and are projected to expand further through 2028, increasing the local renter pool and supporting occupancy resilience.
Local livability skews suburban: grocery and parks access track near or above national midpoints, while restaurant and cafe density is limited. Childcare availability trends above the national midpoint, which can aid retention for family-oriented renters. Home values in the neighborhood sit above the national midpoint, which tends to reinforce reliance on multifamily rentals, while rent levels are around the national midpoint—an affordability profile that can support pricing power without overextending households. The neighborhood’s NOI per unit ranks 2nd among 580 Columbus neighborhoods (top decile nationally), underscoring historically strong operating fundamentals for comparable assets.
The asset’s 2000 vintage is slightly older than the neighborhood average construction year of 2006. Investors should underwrite routine capital planning and consider selective value-add upgrades to keep the property competitive against newer stock, while leveraging the area’s occupancy strength.
Neighborhood safety indicators benchmark favorably: WDSuite data places the area around the 75th percentile nationally for lower crime, which is consistent with above-average safety compared to neighborhoods nationwide. Within the Columbus metro, trends are competitive, and recent year-over-year declines in both property and violent offenses suggest an improving trajectory rather than a deterioration.
These are area-wide indicators meant to contextualize risk for investors; block-level conditions can vary, and routine site-level diligence remains important.
Proximity to diversified employers supports renter demand and commute convenience, with nearby roles spanning industrial technology, healthcare, and retail distribution. The employers below reflect the immediate employment base that can underpin leasing and retention.
- Parker-Hannifin Corporation — industrial technology (2.7 miles)
- Cardinal Health — healthcare distribution (15.2 miles) — HQ
- Fuse by Cardinal Health — healthcare technology & innovation (16.3 miles)
- Staples Fulfillment Center — retail distribution (21.7 miles)
- Big Lots — retail headquarters & corporate (22.5 miles) — HQ
This 24-unit asset benefits from a neighborhood with high occupancy, competitive metro ranking, and NOI per-unit performance that sits near the top of Columbus peers—signals of durable income potential for comparable multifamily properties. Within a 3-mile radius, population and household growth expand the tenant base, while home values above national midpoints and rent levels near the midpoint help sustain multifamily demand and support retention. According to CRE market data from WDSuite, neighborhood occupancy outperforms most Columbus neighborhoods, reinforcing an expectation of leasing stability.
Built in 2000, the property is modestly older than the neighborhood’s average vintage, suggesting a manageable value-add path through interior refreshes and systems updates to stay competitive versus newer stock. Amenity-light dining and cafe density in the immediate area may require positioning around convenience, commutes, and in-unit features rather than walkable retail.
- High neighborhood occupancy and competitive metro ranking support income durability
- Expanding 3-mile population and household counts enlarge the renter pool
- Above-midpoint home values with mid-range rents reinforce reliance on multifamily
- 2000 vintage offers value-add potential through targeted renovations and capital planning
- Risk: limited restaurant/cafe density nearby; tenants may prioritize commute access and on-site amenities