Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5-Acre Buildable Lot in London Title is generated by Realmo AI

    12 Graessle London OH 43140, London, OH 43140

    View on Map
    Claim this Listing
    For Sale
    $225,000

    LAND - London, OH

    Lot size:
    5.01 Acres
    Added:
    May 1, 2026
    Days on Market:
    29
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 12 Graessle London OH 43140

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    230-003469
    Lot size
    5.01 Acres

    We can help!

    Listing Contact
    Taras Posykalyuk

    Listing agent Taras Posykalyuk License #2020008088

    Listing office Red 1 Realty 921 Eastwind Dr Suite 102, Columbus, OH

    Listing date May 1, 2026

    MLS# 226015028 Listing URL

    Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5.013 acre buildable lot offers ample space.
    • Located in the desirable South‑Western City School District.
    • Peaceful, low‑traffic rural setting with open views.
    • Conveniently located near Grove City and London for easy access to amenities.
    • Rare opportunity to find land at this price point in this area.
    • Ideal for those seeking a slower rural pace close to town.

    Overview

    This 5.013-acre lot is located on a quiet country road and is situated within the South-Western City School District. The buildable lot offers ample space for various uses, including building a home, establishing a homestead, or adding outbuildings. The setting provides a peaceful environment with low traffic and open views, offering a slower rural pace while remaining conveniently close to both Grove City and London for easy access to groceries, restaurants, and other amenities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    London
    County
    Madison
    State
    Ohio
    Longitude
    -83.4302
    Latitude
    39.8789

    Nearby Similar for Sale

    • $115,000

      Flexible Space in London, OH

      Versatile property with workshop, storage, and hobby space.
      1125 Roberts Mill Road, London, OH 43140
      View Details
    • $115,000

      Flexible Space in London, OH

      0.3 acre parcel with flexible space for storage/workshop.
      1125 Roberts Mill Road, London, OH 43140
      View Details
    • $275,000

      Land For Sale, London, OH

      Commercial land available in London, OH.
      1410 E Choctaw Drive, London, OH 43140
      View Details
    • $399,900

      Downtown London Tri-plex Investment

      Cash-flowing tri-plex in downtown London, near Cowling Park.
      155 N Main Street, London, OH 43140
      View Details
    • $7,849,152

      Prime Farmland Opportunity Near London

      436 acres of quality farmland in Madison County, Ohio.
      0 Old Xenia Road SE, London, OH 43140
      View Details
    • $789,900

      London, OH Mixed-Use Property

      Mixed-use property with retail and residential units in London, OH.
      50 S Main Street, London, OH 43140
      View Details
    • $275,000

      Choctaw Lake Waterfront Buildable Lot

      Buildable 0.7-acre waterfront lot with enclosed boathouse on Choctaw Lake.
      1410 E Choctaw Drive, London, OH 43140
      View Details
    • $950,000

      London, OH Standalone Building

      Renovated building near I-70 & US 42, suitable for retail.
      1340 US Rt 42, London, OH 43140
      View Details
    • $225,000

      Land Ready For Development

      5.013 acres of open land in South-Western City School District.
      9 Graessle Road, London, OH 43140
      View Details
    • $220,000

      Buildable Land in London, Ohio

      5.03 acres in a desirable school district near amenities.
      Graessle Tract 11 Road, London, OH 43140
      View Details
    • $165,000

      3-Acre Vacant Land Parcel

      Three acres of land suitable for building a home.
      00 Old Xenia Road, London, OH 43140
      View Details
    • $165,000

      Land for Dream Home

      2.448 acres of land near London, Ohio.
      0 Old Xenia Road, London, OH 43140
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious 5-acre lot in a peaceful rural setting.
    Where is this residential land & home lot located?
    The property is located at 12 Graessle London OH 43140 London, OH.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 5.013 acre buildable lot offers ample space.; Located in the desirable South‑Western City School District.; Peaceful, low‑traffic rural setting with open views.
    (614) 824-7845
    We can help!
    Listing Contact
    Taras Posykalyuk
    Real Estate License ID: 2020008088
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12 Graessle London, OH 43140, London, OH 43140
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!