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    For Sale (16)

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    Dual-Design Duplex: Income and Opportunity
    $69,900
    0.11 Acres

    Dual-Design Duplex: Income and Opportunity

    Duplex with income potential and renovation opportunity in Marion, OH.

    354 Bellefontaine Ave, Marion, OH 43302
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    Certified Organic Farmland Near Buckeye
    $895,000
    77.13 Acres

    Certified Organic Farmland Near Buckeye

    77.13 acres of certified organic farmland in Thornville, OH.

    11559 Somerset Rd, Thornville, OH 43076
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    9.9 Acres Wooded Land
    $219,900
    9.90 Acres

    9.9 Acres Wooded Land

    9.9 acres of wooded land in Lexington School District.

    Oh-314, Ontario, OH 44903
    View details
    Marion Multifamily Property For Sale
    $219,900
    0.17 Acres

    Marion Multifamily Property For Sale

    Multifamily property with tenant-occupied units and potential rent increase.

    885 Mount Vernon Ave, Marion, OH 43302
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    7.5 Acre Land Parcel
    $240,000
    7.50 Acres

    7.5 Acre Land Parcel

    7.5 acre parcel ready for your forever home.

    Township Road 25, Thornville, OH 43076
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    Residential Lot in Logan, OH
    $40,000
    0.55 Acres

    Residential Lot in Logan, OH

    Residential lot available for building in Logan, Ohio.

    Highland Park Rd, Logan, OH 43138
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    Residential Lot with River Views
    $702,000
    0.72 Acres

    Residential Lot with River Views

    Exceptional residential lot for a dream home with river views.

    10562 Riverside Dr, Powell, OH 43065
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    Zanesville Land Development Opportunity
    $425,000
    4.14 Acres

    Zanesville Land Development Opportunity

    4.14-acre corner lot approved for multi-family development.

    1650 Richvale Rd, Zanesville, OH 43701
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    Vacant Commercial Land Opportunity
    Contact for pricing

    Vacant Commercial Land Opportunity

    Commercial land for sale in prime Buckeye Lake location.

    14410 Township Road 1062 SE, Thornville, OH 43076
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    Updated Restaurant in High-Traffic Area
    Contact for pricing

    Updated Restaurant in High-Traffic Area

    Fully furnished restaurant with liquor license in Heath, Ohio.

    1122 Hebron Rd, Heath, OH 43056
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    Certified Organic Farmland For Sale
    Contact for pricing

    Certified Organic Farmland For Sale

    77.13 acres of certified organic farmland in Licking County.

    11559 Somerset Rd, Thornville, OH 43076
    View details
    Lancaster Mixed-Use Investment Opportunity
    Contact for pricing
    4,960 SF

    Lancaster Mixed-Use Investment Opportunity

    Turnkey mixed-use building with bar and renovated apartments.

    530-532 N Columbus St, Lancaster, OH 43130
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    Dual-Design Duplex: Income and Opportunity
    $69,900
    2,822 SF

    Dual-Design Duplex: Income and Opportunity

    Duplex with immediate income and renovation potential.

    354 Bellefontaine Ave, Marion, OH 43302
    View details
    Certified Organic Farmland with Views
    $895,000

    Certified Organic Farmland with Views

    77.13 acres of certified organic farmland in Licking County.

    11559 Somerset Rd, Thornville, OH 43076
    View details
    Updated Duplex with Separate Access
    $225,000
    2,360 SF

    Updated Duplex with Separate Access

    Modern finishes and major system improvements support flexible owner-occupant or rental use across two unit layouts.

    394 South Main St, Mansfield, OH 44907
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    Two-Unit Duplex Investment
    $219,900
    2,144 SF

    Two-Unit Duplex Investment

    Well-maintained duplex with two 2-bedroom units, new roof and HVAC, and tenant-paid utilities.

    885 Mount Vernon Ave, Marion, OH 43302
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    For Lease (1)

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    Penthouse Office Suite with Rooftop Patio
    $15 SF/Yr
    21,921 SF

    Penthouse Office Suite with Rooftop Patio

    A furnished penthouse suite with private executive offices, conference space, and a lunchroom with rooftop patio.

    9039 Antares Ave, Columbus, OH 43240
    View details

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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
    RE/MAX Revealty
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