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    The Largest CRE Database in the US with Over 1 Million Listings

    6595 Watkins Rd SW Pataskala, OH 43062

    Sponsored
    For Sale
    $980,000

    COMMERCIAL - Pataskala, OH

    Property size:
    2,232 SF
    Lot size:
    10.72 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 7 at 6:06 pm

    Property Features for 6595 Watkins Rd SW

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    025-068388-00.002
    Size
    2,232 SF
    Lot size
    10.72 Acres

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Private Sewer
    Water source
    Private

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Jon Bolon

    Red 1 Realty, LLC (614) 585-9020

    Listing agent Jon Bolon (614) 332-7800

    Listing date Feb 7, 2026

    MLS# 226003579

    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.

    Learn more

    Property Insight Report

    Overview

    Pataskala Manufacturing-Zoned Land For Sale

    This 10-acre property, zoned for manufacturing, is situated in a growing industrial corridor of Central Ohio. The location provides convenient access to Columbus, Interstate 70, and major logistics routes, being just one mile from Ohio State Route 16. This accessibility makes it suitable for distribution, warehousing, and light manufacturing. The property features approximately 375 feet of road frontage, offering visibility, access, and signage opportunities. A significant benefit is its direct adjacency to the Central Ohio Railroad, which allows for potential rail service for freight or bulk material transport. The land is mostly level and open, enabling efficient site planning and flexible building layouts. Potential uses include light manufacturing (permitted), warehouse/distribution (conditional), flex industrial, contractor or service yard, storage or equipment operations, and build-to-suit or business park development. An existing 2232 square foot single-family home may serve as an on-site office, manager's residence, or rental income opportunity during development. The surrounding area of Pataskala is experiencing residential, commercial, and industrial growth, supporting long-term operational value and investment potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Real Estate Agency Building Supply Skin Care Clinic Food Market Garden Center Clothing & Fashion Store (Bike/Boat/Book/etc) Store Home Appliance Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pataskala
    County
    Licking
    State
    Ohio
    Longitude
    -82.642214
    Latitude
    39.994748

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    FAQs

    What type of property is this?
    Industrial land - 10-acre manufacturing-zoned property in a growing industrial corridor.
    Where is this industrial land located?
    The property is located at 6595 Watkins Rd SW Pataskala, OH.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: - Manufacturing zoning in a growing industrial corridor.; - Direct adjacency to Central Ohio Railroad (formerly B&O) for potential rail service.; - Excellent access to major transportation routes including Ohio State Route 16, Columbus, and Interstate 70.
    (614) 332-7800
    Request Owner's contact information
    6595 Watkins Rd SW Pataskala, OH 43062
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    Pataskala, OH 43062
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    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
    6595 Watkins Rd SW Pataskala, OH 43062
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    We can help!
    Listing Contact
    Jon Bolon
    (614) 332-7800
    Learn more
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