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

    61172 Southgate Road Cambridge, OH 43725

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $1,500,000

    LAND - Cambridge, OH

    Lot size:
    11.15 Acres
    Added:
    Apr 8, 2021
    Days on Market:
    1848
    Last Refresh:
    Apr 29 at 1:06 pm

    Property Features for 61172 Southgate Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    50-0000020.000
    Lot size
    11.15 Acres

    Taxes and HOA fees

    Tax Description
    R3 T1 QTR1 PT LOT 27 1.85 2 A
    Tax Annual Amount
    3850

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Rebecca D Jeffery
    Rebecca D Jeffery

    Listing agent Rebecca D Jeffery License #2014003128

    Listing office Carol Goff & Associates 648 Wheeling Ave. Suite B, Zanesville, OH

    Listing date Apr 8, 2021

    MLS# 4269135 Listing URL

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

    Overview

    Prime Commercial Land Opportunity

    This property features over 11 acres of commercial land situated in a high-visibility, high-demand area. The location offers convenient access to I-70 and the 70/77 Interchange. The property has over 475 feet of road frontage. Located across from the Walmart Plaza, the site benefits from a traffic count of 23,000 vehicles per day, presenting development possibilities. Lease options are available, including tenant build-to-suit opportunities. The property is located in Cambridge, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Big Box & Wholesale Store Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.571746
    Latitude
    39.987755

    Nearby Similar for Sale

    • $849,000

      Versatile Office Space in Cambridge

      Four-level office building in downtown Cambridge with on-site parking.
      927 Wheeling Avenue, Cambridge, OH 43725
      View Details
    • $379,000

      Established Cambridge Convenience Store Opportunity

      Established convenience store with high visibility and steady customer traffic.
      101 Steubenville Avenue, Cambridge, OH 43725
      View Details
    • $319,900
      1,960 SF

      Cambridge Duplex with Income Potential

      Duplex with income potential, large lot, and flexible options.
      141 Meadowpark Drive, Cambridge, OH 43725
      View Details
    • $75,000

      Prime Vacant Land For Sale

      3+ acres of vacant land with high visibility.
      7321 Glenn Highway, Cambridge, OH 43725
      View Details
    • $69,900

      Corner Commercial Land in Cambridge

      Prime downtown location with high visibility and accessibility.
      501 Wheeling Avenue, Cambridge, OH 43725
      View Details
    • $415,000

      Cambridge Office Building For Sale

      Spacious office building with new roof, convenient location, and accessibility.
      1175 South 13th Street, Cambridge, OH 43725
      View Details
    • $19,900

      Cambridge, OH Land For Sale

      Corner property with cleared area and wooded back, great investment.
      Haught Road, Cambridge, OH 43725
      View Details
    • $49,900

      Residential Land in Cambridge, Ohio

      Two combined lots suitable for building a spacious home.
      Greenbriar Drive lot: 18 & 19, Cambridge, OH 43725
      View Details
    • $23,000

      Two-Car Garage in Cambridge, OH

      Detached two-car garage with storage and workshop space for sale.
      12th Street, Cambridge, OH 43725
      View Details
    • $1.00

      31.5 Acres Near Cambridge, OH

      Land with tillable farmland, wooded areas, and building sites.
      Sarchets Run Road, Cambridge, OH 43725
      View Details
    • $1.00

      8.9 Acres Wooded Land Parcel

      8.9 acres of wooded land with building site.
      Sarchets Run Road, Cambridge, OH 43725
      View Details
    • $1.00

      10 Acres Land in Cambridge

      10 acres of land with frontage and building site.
      Sarchets Run Road, Cambridge, OH 43725
      View Details

    FAQs

    What type of property is this?
    Commercial land - 11+ acres of high-visibility commercial land near I-70.
    Where is this commercial land located?
    The property is located at 61172 Southgate Road Cambridge, OH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High‑visibility commercial land in a high‑demand area.; Excellent location: Minutes from I‑70 and the 70/77 Interchange.; High traffic count: **23,000 vehicles per day**.
    (740) 260-2384
    We can help!
    Listing Contact
    Rebecca D Jeffery
    Rebecca D Jeffery
    Real Estate License ID: 2014003128
    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!