Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Homesite in Community Title is generated by Realmo AI

    54 Minarete Drive, Mount Gilead, OH 43338

    View on Map
    Claim this Listing
    New
    Picture of Residential land & home lots at 54 Minarete Drive, Mount Gilead, OH
    For Sale
    Contact for pricing

    LAND - Mount Gilead, OH

    Lot size:
    0.25 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 4:06 am

    Property Features for 54 Minarete Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    E13-008-G0-054-00
    Lot size
    0.25 Acres

    We can help!

    Listing Contact
    Kenneth Steven Cornell

    Listing agent Kenneth Steven Cornell

    Listing office Keller Williams Greater Cols 1 Easton Oval, Ste. 100, Columbus, OH

    Listing date Jun 3, 2026

    MLS# 226020001 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

    • Build your dream home on a homesite in the Apple Valley community
    • Apple Valley offers access to a private lake, beaches, and a marina
    • Community amenities include a clubhouse, pools, and a golf course
    • Fitness facilities and year‑round recreational activities are available through the community

    Overview

    This offering is a residential land lot measuring 0.25 acres in the Apple Valley community, located at 54 Minarete Drive in Mount Gilead, Ohio. The property is being marketed as a homesite suitable for constructing a future residence.

    The public remarks describe community amenities centered on outdoor recreation, including access to a private lake, beaches, marina, clubhouse, pools, and a golf course, along with fitness facilities and year-round activities. The listing also notes a vacation-retreat and investment-home use profile in addition to building a primary residence.

    For prospective buyers, this lot provides a straightforward foundation for designing and building a residential property within a master-planned-style community context where shared recreational features are available. Prospects who value lake access, on-site lifestyle amenities, and the ability to tailor a home to their own specifications may find this homesite a practical match.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mount Gilead
    County
    Butler
    State
    Ohio
    Longitude
    -82.771894
    Latitude
    40.604326

    Nearby Similar for Sale

    • $849,900
      7,828 SF

      Mount Gilead Commercial Office Building

      Versatile commercial building with ample parking and development potential.
      871 W Marion Road, Mount Gilead, OH 43338
      View Details
    • $97,000

      Candlewood Lake RV Lots with Camper

      Three RV lots with camper, roof-over, shed, boat and trailer.
      7326 State Route 19, Mount Gilead, OH 43338
      View Details
    • $114,498

      Mount Gilead Rolling Acres Land

      3.24 acres in Gilead Township with road frontage.
      Township Road 111, Mount Gilead, OH 43338
      View Details
    • $2,550
      4,968 SF

      Spacious Retail Space in Gilead

      Adaptable retail space in downtown Mount Gilead, Ohio.
      27 S Main Street, Mount Gilead, OH 43338
      View Details
    • $74,900

      Corner Lot in Mount Gilead

      Corner building lot with utilities available in Mount Gilead, OH.
      186 Iberia Street, Mount Gilead, OH 43338
      View Details
    • $70,000

      Wooded Land Near Candlewood Lake

      Over an acre of wooded land near Candlewood Lake.
      7326 State Route 19, Mount Gilead, OH 43338
      View Details
    • $59,900

      Candlewood Lake RV Lots

      Three lots with camper and storage shed near lake.
      7326 State Route 19, Mount Gilead, OH 43338
      View Details
    • $25,000

      Seasonal Getaway at Candlewood Lake

      Turnkey seasonal escape in desirable lake community with RV.
      7326 State Route 19, Unit 4, Lot 331, Mount Gilead, OH 43338
      View Details
    • $15,000

      Wooded Lot in Gated Community

      Private wooded lot in Candlewood Lake with resort-style amenities.
      7326 State Route 19, Mount Gilead, OH 43338
      View Details
    • $29,900

      Candlewood Lake RV Lots with RV

      Corner RV lots with RV and pavilion near Candlewood Lake.
      7326 State Route 19 U4 Lots 320-321, Mount Gilead, OH 43338
      View Details
    • $97,000

      Candlewood Lake RV Lots

      Three RV lots with camper, boat, and storage shed.
      7326 State Route 19, Unit 4, Lots 253-255, Mount Gilead, OH 43338
      View Details
    • $40,000

      Mount Gilead Land at Candlewood

      Two adjoined lots in a gated lake community.
      67-68 Candlewood Drive, Mount Gilead, OH 43338
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build a home on a quarter-acre lot within a community offering lake and recreation amenities.
    Where is this residential land & home lot located?
    The property is located at 54 Minarete Drive Mount Gilead, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Build your dream home on a homesite in the Apple Valley community; Apple Valley offers access to a private lake, beaches, and a marina; Community amenities include a clubhouse, pools, and a golf course
    (614) 579-6968
    We can help!
    Listing Contact
    Kenneth Steven Cornell
    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
    54 Minarete Drive, Mount Gilead, OH 43338
    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!