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

    6159 County Road 191 Marengo, OH 43334

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Marengo, OH

    Lot size:
    5.10 Acres
    Added:
    Jun 27, 2025
    Days on Market:
    302
    Last Refresh:
    Apr 24 at 9:06 pm

    Property Features for 6159 County Road 191

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    D10-0010000203
    Lot size
    5.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1068

    Utilities

    Sewer type
    Private Sewer
    Water source
    Private

    We can help!

    Listing Contact
    Ginnah Nicole Ungashick

    Listing agent Ginnah Nicole Ungashick

    Listing office RE/MAX Allegiance 11 N Sandusky Street, delaware, OH

    Listing date Jun 27, 2025

    MLS# 225023686 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.

    Overview

    Wooded Land in Morrow County

    This is a 5.1-acre wooded lot located in Morrow County. The ready-to-build property includes natural gas, electric, a private well, and a septic system. The property has been vacant for approximately 20 years. Mature trees and abundant wildlife surround the area, while still being within easy reach of major routes and local amenities. It is less than 3 miles to Highland High School, 6 miles to the Village of Marengo, 15 minutes to Cardinal Shooting Range, and 30 minutes to Polaris. This versatile property offers potential for building a dream home or investing in land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Accounting Firm Electrical Service Pet Grooming Service Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    Morrow
    State
    Ohio
    Longitude
    -82.72462
    Latitude
    40.421333

    Nearby Similar for Sale

    • $950,000
      3,148 SF

      Commercial Corner Development Opportunity

      3.3+/- acre corner parcel near Highland Schools.
      6530 State Route 229, Marengo, OH 43334
      View Details
    • $475,700

      Marengo, OH Land For Sale

      29.09 acres of land with stream and tillable acreage.
      County Road 213, Marengo, OH 43334
      View Details
    • $475,700

      Land with Stream and Woods

      29+ acres with tillable land, woods, and stream.
      0 County Road 213, Marengo, OH 43334
      View Details
    • $200,000

      7+ Acre Building Lot

      Scenic land in Morrow County, ideal for custom home.
      State Route 229, Marengo, OH 43334
      View Details
    • $165,000

      5-Acre Building Lot Ready

      5-acre building lot with utilities access near I-71.
      Township Road 21, Marengo, OH 43334
      View Details
    • $175,000

      Marengo, OH Land Parcel

      5.1 acre land parcel with utilities in place.
      5245 Township Road 191, Marengo, OH 43334
      View Details
    • $165,000

      5 Acre Building Lot

      5 acre building lot with easy highway access.
      Township Road 21, Marengo, OH 43334
      View Details
    • $165,000

      Marengo, OH 5-Acre Building Lot

      5-acre building lot with utilities and easy highway access.
      Township Road 21, Marengo, OH 43334
      View Details
    • $165,000

      Marengo, OH 5-Acre Building Lot

      5-acre building lot with utilities and easy highway access.
      Township Road 21, Marengo, OH 43334
      View Details
    • $165,000

      5 Acre Building Lot

      5 acre building lot with easy access to I71.
      Township Road 21, Marengo, OH 43334
      View Details
    • $165,000

      5 Acre Building Lot

      5 acre building lot with easy access to I-71.
      Township Road 21, Marengo, OH 43334
      View Details
    • $275,000

      11-Acre Wooded Property Ready

      11-acre wooded property near I-71, Buckeye Valley School District.
      Township Road 21, Marengo, OH 43334
      View Details

    FAQs

    What type of property is this?
    Land - Ready-to-build 5.1-acre lot with utilities in place.
    Where is this land located?
    The property is located at 6159 County Road 191 Marengo, OH.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 5.1‑acre wooded lot offers privacy and space.; Ready to build: Includes natural gas and electric.; Convenient location: Easy access to major routes and local amenities.
    (740) 272-0198
    We can help!
    Listing Contact
    Ginnah Nicole Ungashick
    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!