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    For Sale (30)

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    Residential Land in Carroll, OH
    $239,900
    3.23 Acres

    Residential Land in Carroll, OH

    3.23-acre parcel suitable for building near Lithopolis and Lancaster.

    Sitterley Rd NW, Carroll, OH 43112
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    Residential Land in Carroll, OH
    $234,900
    3.13 Acres

    Residential Land in Carroll, OH

    3.134-acre parcel suitable for building near Little Walnut Creek.

    Sitterley Rd NW, Carroll, OH 43112
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    2 Acres with Lake Views
    $129,900
    2.09 Acres

    2 Acres with Lake Views

    2-acre lot near Lancaster with lake views and easy access.

    Wilsons Ln SE, Lancaster, OH 43130
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    Land Near Wayne National Forest
    Contact for pricing
    2.00 Acres

    Land Near Wayne National Forest

    Two-acre wooded land parcel near Wayne National Forest.

    Sand Run Rd, Nelsonville, OH 45764
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    Thurman, OH Development Opportunity
    $250,000
    3.34 Acres

    Thurman, OH Development Opportunity

    Cleared, flat 3.34-acre land parcel near Rio Grande University.

    Pleasant Valley Rd, Thurman, OH 45685
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    Land Parcel in Carroll, OH
    $230,900
    3.09 Acres

    Land Parcel in Carroll, OH

    3.089-acre parcel with open ground, woods, and creek access.

    Sitterley Rd NW, Carroll, OH 43112
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    Scenic 10-Acre Pike County Land
    $84,900
    10.00 Acres

    Scenic 10-Acre Pike County Land

    10 acres near Waverly with creek, hardwoods, buildable sites.

    Buchanan Rd, Waverly, OH 45690
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    Land in Wayne National Forest
    $324,900
    42.84 Acres

    Land in Wayne National Forest

    42.84 acres of land in Wayne National Forest.

    41060 Dawley New Pittsburg Rd, Nelsonville, OH 45764
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    Lancaster, OH 10-Acre Lot
    $249,000
    10.05 Acres

    Lancaster, OH 10-Acre Lot

    10-acre lot near Route 33 with pond and views.

    Coonpath Rd NE, Lancaster, OH 43130
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    Wooded Land with Pole Barn
    $645,000
    17.52 Acres

    Wooded Land with Pole Barn

    17.5-acre wooded property with stream and pole barn.

    Sitterley Rd NW, Canal Winchester, OH 43110
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    High Profile Corner Retail Property
    $350,000
    1,260 SF

    High Profile Corner Retail Property

    Eastside Lancaster corner property near medical offices and Fairfield Medical Center.

    1301 E Main St, Lancaster, OH 43130
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    Scenic Land Near Buckeye Lake
    $219,000
    11.17 Acres

    Scenic Land Near Buckeye Lake

    11+ acres of natural beauty near Columbus and Buckeye Lake.

    Mulberry Rd, Mount Perry, OH 43760
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    18-Acre Lot with Golf Features
    $399,000
    18.71 Acres

    18-Acre Lot with Golf Features

    Beautiful 18-acre lot with golf features near downtown Lancaster.

    160 Coonpath Rd NE, Lancaster, OH 43130
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    Land in Berne Union School
    $140,000
    5.14 Acres

    Land in Berne Union School

    5+ acre lot with well and septic near Columbus.

    Hansley Rd SE, Sugar Grove, OH 43155
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    Land with Lake Views
    $129,900
    2.13 Acres

    Land with Lake Views

    2+ acre building site near Lancaster with lake views.

    Wilsons Ln SE, Lancaster, OH 43130
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    Scenic 10-Acre Pike County Land
    $84,900
    10.01 Acres

    Scenic 10-Acre Pike County Land

    10 acres near Waverly, OH with creek and hardwoods.

    Buchanan Rd, Waverly, OH 45690
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    2-Acre Build-Ready Lot
    $189,900
    2.02 Acres

    2-Acre Build-Ready Lot

    Exceptional 2-acre lot in Bloom-Carroll School District.

    5795 Lithopolis Winchester Rd NW, Canal Winchester, OH 43110
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    6.08 Acres in Bremen, Ohio
    $199,000
    6.08 Acres

    6.08 Acres in Bremen, Ohio

    6.08-acre property in Rushcreek Township, Fairfield Union School District.

    2006 Bethel Rd SE, Bremen, OH 43107
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    Logan Triplex Investment Opportunity
    $164,900
    0.17 Acres

    Logan Triplex Investment Opportunity

    Triplex near downtown Logan with yard and off-street parking.

    180 Gallagher Ave, Logan, OH 43138
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    Lancaster East Side Office Building
    $475,000
    3,445 SF

    Lancaster East Side Office Building

    Former medical office with remodeled interior and upstairs apartment.

    435 E Main St, Lancaster, OH 43130
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    Lancaster Farmland: Development Opportunity
    $324,900
    17.77 Acres

    Lancaster Farmland: Development Opportunity

    17-acre farmland within Lancaster city limits, ideal for development.

    W Fair Ave, Lancaster, OH 43130
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    Residential Land in Gated Community
    $45,000
    1.44 Acres

    Residential Land in Gated Community

    1.44 acre residential land in Hide A Way Hills, Ohio

    1767 Mohican Ct, Hideaway Hills, OH 43107
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    Hocking Hills Wooded Land
    $184,900
    5.89 Acres

    Hocking Hills Wooded Land

    Nearly 6 acres of wooded land in Hocking Hills.

    Thad Hall Rd, Laurelville, OH 43135
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    Hocking Hills Wooded Acreage
    $209,999
    5.06 Acres

    Hocking Hills Wooded Acreage

    Five wooded acres near Hocking Hills State Park.

    Clay Hill Rd, Logan, OH 43138
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    Land with Lake Views
    $129,900
    2.01 Acres

    Land with Lake Views

    2-acre building site near Lancaster with lake views.

    Wilsons Ln SE, Lancaster, OH 43130
    View details
    Secluded Wooded Lot in Gated Community
    $65,000
    1.53 Acres

    Secluded Wooded Lot in Gated Community

    1.5 acre lot in Hide-A-Way Hills with community amenities.

    1832 Piegan Ct, Hideaway Hills, OH 43107
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    Wooded Hilltop Land in Heath
    $529,900
    15.55 Acres

    Wooded Hilltop Land in Heath

    15+ acres of wooded land in Heath city limits.

    Cumberland Crst, Heath, OH 43056
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    Wooded Lot in Gated Community
    Contact for pricing
    0.53 Acres

    Wooded Lot in Gated Community

    Residential land for building a dream home or weekend retreat.

    1756 Mohican Ln, Hideaway Hills, OH 43107
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    Development Land in Canal Winchester
    $925,000
    4.52 Acres

    Development Land in Canal Winchester

    4.52 acres of multi-family development land for sale.

    8115 Hill Rd NW, Canal Winchester, OH 43110
    View details
    Iconic Lancaster Mixed-Use Building
    Contact for pricing
    6,538 SF

    Iconic Lancaster Mixed-Use Building

    Historic building with office and residential spaces in Lancaster.

    355 E Main St, Lancaster, OH 43130
    View details

    For Lease (4)

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    New Office Building Space
    $16 SF/Yr
    15,948 SF

    New Office Building Space

    New office space in Lancaster's business corridor, build-to-suit.

    2656 N Columbus St, Lancaster, OH 43130
    View details
    Spacious Retail Space in Circleville
    $7,000 / Mo
    57,120 SF

    Spacious Retail Space in Circleville

    10,000 SF retail space suitable for various businesses.

    128 Morris Rd, Circleville, OH 43113
    View details
    Downtown Lancaster Second-Floor Office Space
    $8 SF/Yr
    34,896 SF

    Downtown Lancaster Second-Floor Office Space

    Second-floor office space for lease in downtown Lancaster, Ohio.

    230 N Columbus St, Lancaster, OH 43130
    View details
    Circleville Retail Space Available
    $3,500 / Mo
    57,120 SF

    Circleville Retail Space Available

    5,000 SF retail space for lease in Circleville, OH.

    120 Morris Rd, Circleville, OH 43113
    View details

    Leases and Sales on Map

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    Rise Realty Co.
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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
    Rise Realty Co.
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