Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    514 W Sandusky Ave Bellefontaine, OH 43311

    Sponsored
    For Sale
    Under Contract
    $145,000

    LAND - Bellefontaine, OH

    Lot size:
    1.51 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 5 at 12:06 am

    Property Features for 514 W Sandusky Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    170911104011000
    Lot size
    1.51 Acres

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Beverly Rex-Cook

    Ron Spencer Real Estate, Inc. (419) 228-8899

    Listing agent Beverly Rex-Cook (419) 228-8899

    Listing date Feb 3, 2026

    MLS# 1019126 Listing URL

    Copyright © 2026 West Metro Board of REALTORS®. 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

    Commercial Land Near State Route

    Located just off State Route 47 in Bellefontaine on West Sandusky Avenue, this property comprises five adjacent parcels of land totaling 1.51 acres. It is ideally suited for a commercial investment. Access is available at 514 West Sandusky Avenue. The property benefits from high traffic and great visibility. It is located close to HBD/Thermoid, AGC Automotive, and the new Peak Industrial Park, and is 2.5 miles from US Highway 33. Utilities are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.767457
    Latitude
    40.363834

    Nearby Similar for Sale

    • $8,500,000
      150.73 Acres

      Bellefontaine, OH Land Opportunity

      150+ acre wedding venue and corporate outing site.
      3482 County Road 10, Bellefontaine, OH 43311
      View Details
    • $475,000
      3,344 SF

      Restaurant Ready Location, Bellefontaine OH

      Restaurant-ready commercial property with easy access to US Route 33.
      1130 N Main St, Bellefontaine, OH 43311
      View Details
    • $495,000
      8,700 SF

      Historic Elks Building Opportunity

      Iconic 8,700 SF building in Downtown Bellefontaine.
      221 N Main St, Bellefontaine, OH 43311
      View Details
    • $350,000
      4,872 SF

      Historic Post Office Landmark Property

      Iconic Bellefontaine building with versatile potential in a vibrant downtown.
      201 W Chillicothe Ave, Bellefontaine, OH 43311
      View Details
    • $795,000
      9,600 SF

      Spacious Land with Large Outbuilding

      12.7-acre property with a 9,600 sq ft outbuilding in Ohio.
      1274 Township Road 204, Bellefontaine, OH 43311
      View Details
    • $250,000
      5,500 SF

      Bellefontaine Commercial Warehouse For Sale

      5,500 sq ft warehouse in downtown Bellefontaine, Ohio.
      129 W Sandusky Ave, Bellefontaine, OH 43311
      View Details
    • $1,500,000
      19,000 SF

      Historic Canby Building in Downtown

      Landmark building with retail and office potential in Bellefontaine.
      144 S Main St, Bellefontaine, OH 43311
      View Details
    • $285,000
      1,888 SF

      Downtown Bellefontaine Commercial Building

      Commercial building in downtown Bellefontaine, suitable for business or rental.
      207-209 S Main St, Bellefontaine, OH 43311
      View Details
    • $285,000
      1,888 SF

      Downtown Bellefontaine Commercial Building

      Commercial building in downtown Bellefontaine, Ohio, with flexible rental options.
      207-209 S Main St, Bellefontaine, OH 43311
      View Details
    • $1,400,000
      2,568 SF

      Bellefontaine Commercial Opportunity on Main

      Prime commercial property in Bellefontaine's business district with high visibility.
      1433 S Main St, Bellefontaine, OH 43311
      View Details
    • $699,900
      1.08 Acres

      Corner Lot with Repair Shop

      Over one-acre corner lot with a 10,381 sq ft building.
      309 S Main St, Bellefontaine, OH 43311
      View Details
    • $3,490,000
      58,180 SF

      Bellefontaine Industrial Facility For Sale

      58,180 SF industrial property suitable for light manufacturing.
      31 Hunter Pl, Bellefontaine, OH 43311
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.51 acres of commercial land ideal for investment.
    Where is this commercial land located?
    The property is located at 514 W Sandusky Ave Bellefontaine, OH.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - 1.51 acres of land ideal for commercial investment.; - Located just off SR 47 in Bellefontaine on W. Sandusky Ave.; - High traffic and great visibility.
    (567) 356-6731
    Request Owner's contact information
    514 W Sandusky Ave Bellefontaine, OH 43311
    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.
    514 W Sandusky Ave
    Bellefontaine, OH 43311
    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
    514 W Sandusky Ave Bellefontaine, OH 43311
    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

    We can help!
    Listing Contact
    Beverly Rex-Cook
    (567) 356-6731
    Learn more
    Google sign-in failed. Please try again or use another login method.