Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    42 Wildwood Lane W Mount Vernon, OH 43050

    View on Map
    Picture of Land at 42 Wildwood Lane W, Mount Vernon, OH
    For Sale
    $79,900

    LAND - Mount Vernon, OH

    Lot size:
    0.60 Acres
    Added:
    Apr 9, 2024
    Days on Market:
    727
    Last Refresh:
    Apr 5 at 1:06 am

    Property Features for 42 Wildwood Lane W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    66-09675.145
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    758

    We can help!

    Listing Contact
    John D Nussbaum

    Listing agent John D Nussbaum License #338912

    Listing office Coldwell Banker Quest 11423 Upper Gilchrist Rd., Mount Vernon, OH

    Listing date Apr 9, 2024

    MLS# 224010441

    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.

    Overview

    Mount Vernon Building Lot

    This 0.606-acre building lot is located in The Landings Subdivision on a quiet cul-de-sac. The lot is nicely wooded and slopes from front to back, making it suitable for a walk-out lower level. It is situated near schools, Wolf Run Park, the hospital, restaurants, and shopping. All city amenities are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.443482
    Latitude
    40.39402

    Nearby Similar for Sale

    • $649,998
      5,920 SF

      Mount Vernon Commercial Garage Warehouse

      Commercial garage warehouse on State Route 13 with ample parking.
      800 N. Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $499,998

      Commercial Land on State Route 13

      Two acres of commercially zoned land on State Route 13.
      800 N. Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $99,000

      Golf Course Lot Opportunity

      1.02-acre lot in desirable Country Club Estates, Mount Vernon.
      Wedgewood Drive, Mount Vernon, OH 43050
      View Details
    • $399,900

      22 Acres Approved Building Site

      22 acres in Mount Vernon, OH with approved building site.
      9730 Butcher Road, Mount Vernon, OH 43050
      View Details
    • $399,000

      Land in Knox County

      Partially wooded land available in Mount Vernon, Ohio.
      00 Grant Rd, Mount Vernon, OH 43028
      View Details
    • $725,000
      11,000 SF

      Mount Vernon Self-Storage Investment

      11,000 SF industrial property with 61 self-storage units.
      715 North Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $200,000

      Land Available in Mount Vernon

      Five lots available near Kenyon College and Kokosing Gap Trail.
      26-30 Dogwood Terrace, Mount Vernon, OH 43050
      View Details
    • $2,100,000
      97,000 SF

      Mount Vernon Industrial Facility

      97,000 SF industrial building with crane capacity.
      105 N Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $7,750

      Mount Vernon City Lot

      Conveniently located lot near Heartland Commerce Park and downtown.
      W Pleasant Street, Mount Vernon, OH 43050
      View Details
    • $349,900

      Land Near Chapel Hill Golf

      9.7-acre land parcel near Chapel Hill Golf Course.
      11201 Bishop Road, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      60,480 SF

      Versatile Industrial Building in Mt. Vernon

      Three-story industrial building with office space and secure vault.
      105 N Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $2,100,000
      97,000 SF

      Mount Vernon Industrial Facility

      97,000 SF industrial building with cranes and ample parking.
      105 N Sandusky Street, Mount Vernon, OH 43050
      View Details

    FAQs

    What type of property is this?
    Land - 0.606 acre building lot in The Landings Subdivision.
    Where is this land located?
    The property is located at 42 Wildwood Lane W Mount Vernon, OH.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Ideal for a walk‑out lower level due to sloping lot.; Located in The Landings Subdivision on a quiet cul‑de‑sac.; Nicely wooded lot offering privacy.
    (740) 397-8800
    We can help!
    Listing Contact
    John D Nussbaum
    Real Estate License ID: 338912
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!