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    37000 Vance Rd Pomeroy, OH 45769

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    Sponsored
    For Sale
    $1,290,000

    Farm/Estate, Ranch - Pomeroy, OH

    Type:Farm
    Lot size:
    238.00 Acres
    Days on Market:
    32
    Last Refresh:
    Mar 14 at 2:06 pm

    Property Features for 37000 Vance Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    1700313000,1700314000,1700315000
    Parking features
    Garage, Garage - Attached
    Lot size
    238.00 Acres

    Utilities

    Heating system
    Wood (Heating), Wood Stove

    Building Details

    Year built
    1950
    Year renovated
    1950
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Frank DiMarco

    The Great Outdoors Real Estate (740) 393-1001

    Listing agent Frank DiMarco (740) 393-1001

    Listing date Feb 10, 2026

    MLS# 11566649 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Meigs County Recreational Farm Estate

    This 238-acre farm in northern Meigs County offers outdoor recreation opportunities. Located ten miles south of Albany and twenty miles south of Athens, the property features multiple stocked ponds that provide fishing opportunities and habitat for wildlife. Over a dozen fields are scattered throughout the property, separated by woods and fencerows, creating habitat for whitetail deer and wild turkey. The woods vary in age, from mature white oak and hickory to pole-size maple and poplar trees. Some areas were previously utilized for pasture and have since grown into areas of young saplings, providing cover and browse. Overnight lodging is available in a hunt camp on the property, featuring county water and electric, three sleeping rooms, a kitchen, a laundry room, a bathroom, a common area, and a 1500-square-foot attached pole barn. An expansive covered porch area provides extra space for enjoying the outdoors. Another barn, used for hay storage, is located on a different part of the farm. Multiple access trails facilitate trail riding around the entire property. The property taxes are $1,542 per year. All of the seller's mineral rights will transfer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Pomeroy
    County
    Meigs
    State
    Ohio
    Longitude
    -82.10031
    Latitude
    39.1368

    Nearby Similar for Sale

    • $75,000
      0.99 Acres

      Established Campground Investment Opportunity

      Operating campground near Pomeroy, OH with income potential.
      32164 Avenue Bridge Rd, Pomeroy, OH 45769
      View Details

    FAQs

    What type of property is this?
    Farm - 238-acre farm with ponds, barns, and hunt camp.
    Where is this farm located?
    The property is located at 37000 Vance Rd Pomeroy, OH.
    What is the asking price?
    The asking price for this property is $1,290,000.
    What are key features of this property?
    This property features: - 238 +/- acre farm with multiple stocked ponds perfect for fishing and wildlife.; - Hunt camp featuring 3 bedrooms, kitchen, laundry, bathroom, common area, and 1500 sq ft attached pole barn, plus county water and electric.; - Excellent whitetail deer and wild turkey habitat with fields, woods, and fencerows.
    (740) 393-1001
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    37000 Vance Rd Pomeroy, OH 45769
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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
    37000 Vance Rd Pomeroy, OH 45769
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    We can help!
    Listing Contact
    Frank DiMarco
    (740) 393-1001
    Learn more
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