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

    5401 Robert Road Celina, OH 45822

    View on Map
    Claim this Listing
    For Sale
    $124,900

    LAND - Celina, OH

    Lot size:
    0.64 Acres
    Added:
    Dec 21, 2025
    Days on Market:
    117
    Last Refresh:
    Apr 17 at 12:06 am

    Property Features for 5401 Robert Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    091084000301
    Lot size
    0.64 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Kylee Klausing

    Listing agent Kylee Klausing

    Listing office Plus One Professionals 156 E Spring St., St. Marys, OH

    Listing date Dec 21, 2025

    MLS# 1043056 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.

    Overview

    Channel Front Land on Grand Lake

    This is a rare opportunity to acquire two parcels of unimproved channel front land, featuring over 230 feet of seawall and more than 500 feet of water access. Located in Celina, Ohio, the property offers quick access to the main area of Grand Lake St. Marys, with a 3-5 minute boat ride to open water, boating, dining, and other attractions, while maintaining a quieter, private setting. The property is suitable for creating something special. Utilities are well-positioned for future development. A private well will need to be installed. Electric services are available through Midwest Electric, with hook-up service located directly across the road. The parcels are also eligible to be connected to public sewer. The property is subject to an annual $100 HOA fee, which covers snow removal on the private road. The lot size is approximately 0.64 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Hotel & Motel Bar & Pub Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Mercer
    State
    Ohio
    Longitude
    -84.473296
    Latitude
    40.506681

    Nearby Similar for Sale

    • $449,000
      3,445 SF

      Turn-Key Restaurant Opportunity Near Grand Lake

      Fully equipped restaurant for sale near downtown and Grand Lake.
      202 W Logan Street, Celina, OH 45822
      View Details
    • $999,000
      8,770 SF

      Mixed-Use Property Near Grand Lake

      Two buildings near Grand Lake St. Marys and Boardwalk Village.
      910 S Sugar Street, Celina, OH 45822
      View Details
    • $349,000
      2,016 SF

      Versatile Commercial Property in Celina, OH

      Flexible commercial space near major employers and retailers.
      1419 Wayne Street (197), Celina, OH 45822
      View Details
    • $299,000
      1,260 SF

      Commercial Property on High-Visibility Street

      Well-located commercial property on E Market Street in Celina, Ohio.
      994 E Market Street, Celina, OH 45822
      View Details
    • $317,900

      Lakefront Land in Celina, Ohio

      Wooded lakefront land with development potential in Celina, Ohio.
      Springer 1-6 & Roadway 14-16 Lane, Celina, OH 45822
      View Details
    • $49,000

      Residential Lot on Golf Course

      Residential lot with golf course views in Celina, Ohio.
      2100 Golfview Drive, Celina, OH 45822
      View Details
    • $3,500,000
      82,967 SF

      Grocery Anchored Retail Center

      Well-maintained retail center anchored by Chief's Supermarket in Celina, OH.
      221 Summit Street, Celina, OH 45822
      View Details
    • $2,200,000
      7,500 SF

      Downtown Celina Commercial Space Available

      Two floors of versatile commercial space in revitalizing downtown Celina.
      202 S Main Street, Celina, OH 45822
      View Details
    • $33,000

      Residential Land Near Golf Course

      Two wooded residential lots near Northmoor Golf Course.
      Harbor Lots 24 & 25 Drive, Celina, OH 45822
      View Details
    • $284,900

      Lakefront Land in Celina, Ohio

      1.26 acres of lakefront and channel front residential land.
      Springer 7-11 & Roadway 18 &19 Lane, Celina, OH 45822
      View Details
    • $49,500

      Wooded Lots Near Golf Course

      Three wooded residential lots in lake-related neighborhood.
      Harbor Lots 26, 27 & 38 Drive, Celina, OH 45822
      View Details
    • $449,000
      3,445 SF

      Turn-Key Restaurant Opportunity Near Grand Lake

      Fully equipped restaurant for sale near downtown and Grand Lake.
      202 W Logan St, Celina, OH 45822
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Unimproved waterfront land with seawall and water access.
    Where is this waterfront land located?
    The property is located at 5401 Robert Road Celina, OH.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: Over 230 feet of seawall and over 500 feet of water access on Grand Lake St. Marys.; Enjoy a quick 3‑5 minute boat ride to the main area of Grand Lake's attractions, dining, and boating.; Two parcels of unimproved channel front land.
    (419) 394-7402
    We can help!
    Listing Contact
    Kylee Klausing
    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!