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    Century 21 Excellence Realty

    8233 Howe Industrial Pkwy, Suite B, Cnl Wnchstr, OH 43110
    (440) 823-1967
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    Size: 10+ agents

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    Property Types

    • Land
    • Residential Multi Family

    Listings

    For Sale (31)

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    Residential Lot in Candlewood Lake
    Contact for pricing
    0.26 Acres

    Residential Lot in Candlewood Lake

    Partially wooded lot with lake access and community amenities.

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    Edison, OH Land Opportunity
    $175,000
    5.00 Acres

    Edison, OH Land Opportunity

    Five acre lot suitable for building a dream home.

    Township Road 145, Edison, OH 43320
    View details
    Candlewood Lake RV Lots with Camper
    $97,000
    0.17 Acres

    Candlewood Lake RV Lots with Camper

    Three RV lots with camper, roof-over, shed, boat and trailer.

    7326 State Route 19, Mount Gilead, OH 43338
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    Land Near Candlewood Lake, OH
    Contact for pricing
    0.60 Acres

    Land Near Candlewood Lake, OH

    Land with access to Candlewood Lake amenities for sale.

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    Edison, OH Land Opportunity
    $444,500
    12.70 Acres

    Edison, OH Land Opportunity

    12.7 acre lot, ideal for building a home.

    Township Road 145, Edison, OH 43320
    View details
    Wooded Land Near Candlewood Lake
    $70,000
    1.03 Acres

    Wooded Land Near Candlewood Lake

    Over an acre of wooded land near Candlewood Lake.

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    Candlewood Lake Contiguous Lots
    Contact for pricing
    0.69 Acres

    Candlewood Lake Contiguous Lots

    Three contiguous lots near Candlewood Lake amenities.

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    Residential Land in Mount Gilead
    Contact for pricing
    0.40 Acres

    Residential Land in Mount Gilead

    Land available in Mount Gilead with lake amenities.

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    Candlewood Lake RV Lots with Camper
    $97,000
    0.17 Acres

    Candlewood Lake RV Lots with Camper

    Three RV lots with camper, roof-over structure, shed, and boat.

    7326 Lots 253-255, Mount Gilead, OH 43338
    View details
    Land with Stream and Woods
    $475,700
    29.09 Acres

    Land with Stream and Woods

    29+ acres with tillable land, woods, and stream.

    County Road 213, Marengo, OH 43334
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    Residential Land in Mount Gilead
    Contact for pricing
    0.45 Acres

    Residential Land in Mount Gilead

    Gently sloping land ideal for building a dream home.

    7326 Lots 286-287, Mount Gilead, OH 43338
    View details
    Residential Land Near Candlewood Lake
    Contact for pricing
    0.40 Acres

    Residential Land Near Candlewood Lake

    Land for sale with Candlewood Lake amenities.

    7326 92, Mount Gilead, OH 43338
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    Residential Land in Mount Gilead
    $35,500
    0.47 Acres

    Residential Land in Mount Gilead

    Land for building or enjoying Candlewood Lake amenities.

    7326 Lots 256-257, Mount Gilead, OH 43338
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    Land Near Candlewood Lake
    Contact for pricing

    Land Near Candlewood Lake

    Land with access to Candlewood Lake amenities for sale.

    7326 Lots 62-63, Mount Gilead, OH 43338
    View details
    Reedsville Land with Cabin
    $85,000
    24.39 Acres

    Reedsville Land with Cabin

    24.39 acres of hunting and recreational land with cabin.

    39454 Boston Rd, Reedsville, OH 45772
    View details
    Marengo, OH Land For Sale
    $475,700
    29.09 Acres

    Marengo, OH Land For Sale

    29.09 acres of land with stream and tillable acreage.

    County Road 213, Marengo, OH 43334
    View details
    Candlewood Lake Contiguous Lots
    Contact for pricing
    0.69 Acres

    Candlewood Lake Contiguous Lots

    Three contiguous lots near Candlewood Lake amenities.

    7326 150, Mount Gilead, OH 43338
    View details
    Edison, OH Land Opportunity
    $444,500
    12.70 Acres

    Edison, OH Land Opportunity

    12.7 +/- acre lot, perfect for building a home.

    Township Road 145, Edison, OH 43320
    View details
    Level Land Near Candlewood Lake
    Contact for pricing
    0.48 Acres

    Level Land Near Candlewood Lake

    Level lots with access to Candlewood Lake amenities.

    7326 Lots 122-123, Mount Gilead, OH 43338
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    Residential Land in Mount Gilead
    Contact for pricing
    0.48 Acres

    Residential Land in Mount Gilead

    Level lots ready to build with community amenities.

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    Land in Mount Gilead, OH
    $35,500
    0.47 Acres

    Land in Mount Gilead, OH

    Land available in Mount Gilead with lake amenities.

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    Marion, OH Duplex For Sale
    $129,900
    0.04 Acres

    Marion, OH Duplex For Sale

    Duplex with immediate occupancy in Marion, Ohio.

    229 W Columbia St, Marion, OH 43302
    View details
    Bellville, OH Sloped Land
    $157,700
    8.91 Acres

    Bellville, OH Sloped Land

    8.91 acres of sloped land ready for development.

    Riggle Rd, Bellville, OH 44813
    View details
    Edison, OH Land Opportunity
    $175,000
    5.00 Acres

    Edison, OH Land Opportunity

    5+ acre lot, ideal for building a dream home.

    Township Road 145, Edison, OH 43320
    View details
    Residential Lot in Candlewood Lake
    Contact for pricing

    Residential Lot in Candlewood Lake

    Partially wooded lot with lake access and community amenities.

    7326 Unit 2, Mount Gilead, OH 43338
    View details
    Vacant Lot in Groveport, OH
    $63,000
    0.12 Acres

    Vacant Lot in Groveport, OH

    Vacant lot in historic Groveport area, unique road access.

    135 Front St, Groveport, OH 43125
    View details
    Bellville Land Ready to Build
    $157,700
    8.91 Acres

    Bellville Land Ready to Build

    8.91 acres of sloped land near Clearfork school.

    Riggle Rd, Bellville, OH 44813
    View details
    Land in Mount Gilead, OH
    Contact for pricing
    0.45 Acres

    Land in Mount Gilead, OH

    Gently sloping land suitable for building a dream home.

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    LAND - Mount Gilead, OH
    $72,000
    0.18 Acres

    LAND - Mount Gilead, OH

    Recreation land • 0.18 Acres

    7326 State Route 19, Mount Gilead, OH 43338
    View details
    Wooded Land Near Candlewood Lake
    $70,000
    1.03 Acres

    Wooded Land Near Candlewood Lake

    Over an acre of wooded land near Candlewood Lake.

    7326 Lots 186-189, Mount Gilead, OH 43338
    View details
    Franklin County Land Opportunity
    Contact for pricing

    Franklin County Land Opportunity

    Land zoned R-2 with multiple development possibilities.

    Rankin Ave, Columbus, OH 43219
    View details

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    Century 21 Excellence Realty
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Century 21 Excellence Realty
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