Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Lot on Grand Lake Title is generated by Realmo AI

    6945 Heron Drive, Celina, OH 45822

    View on Map
    Claim this Listing
    For Sale
    $44,700

    LAND - Celina, OH

    Lot size:
    0.10 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 2 at 1:06 am

    Property Features for 6945 Heron Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    090330002500
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Jeffrey Bertke
    Jeffrey Bertke

    Listing agent Jeffrey Bertke

    Listing office Eiting Real Estate 529 S Walnut St., New Bremen, OH

    Listing date Apr 14, 2026

    MLS# 1045006 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.

    HighLights

    • Lake lot on the South side of the Grand Lake
    • Capped seawall
    • Located in South Point Subdivision off St RT 219
    • Lot size: 63x75
    • Estimated taxes: $300
    • Public Sewer

    Overview

    This lake lot is situated on the south side of Grand Lake. The lot dimensions are 63x75, and it features a capped seawall. The sale is subject to the completion of Mercer County lot separation. Located in the South Point Subdivision off of State Route 219, the estimated taxes for the lot are $300. The Homeowner Association fees for 2027 will include an additional $600 for a road repair project. The lot size is 0.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Building Supply Bar & Pub HVAC Service Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Celina
    County
    Mercer
    State
    Ohio
    Longitude
    -84.533519
    Latitude
    40.50291

    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
    • $899,000
      8,770 SF

      Mixed-Use Property Near Grand Lake

      Mixed-use property near Grand Lake St. Marys and Boardwalk Village.
      910 S Sugar Street, Celina, OH 45822
      View Details
    • $800,000
      4,240 SF

      Mixed-Use Property in Celina, OH

      Custom-built commercial property with residential income potential in Celina.
      718 E Wayne Street, Celina, OH 45822
      View Details
    • $124,900

      Channel Front Land on Grand Lake

      Unimproved waterfront land with seawall and water access.
      5401 Robert Road, Celina, OH 45822
      View Details
    • $1,200,000
      3,598 SF

      Lakefront Commercial Property in Celina

      3,598 SF lakefront commercial property on 1.77 acres.
      510 E Market 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
    • $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
    • $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
    • $59,900

      Residential Land in Celina, Ohio

      Build your new lake home on this beautiful site.
      6685 Coldwater Beach Road, 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
    • $275,000
      15,498 SF

      Downtown Celina Open Span Building

      Open space building in downtown Celina with endless possibilities.
      311 S Main Street, 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 - Waterfront lot with capped seawall in Celina, Ohio.
    Where is this waterfront land located?
    The property is located at 6945 Heron Drive Celina, OH.
    What is the asking price?
    The asking price for this property is $44,700.
    What are key features of this property?
    This property features: Lake lot on the South side of the Grand Lake; Capped seawall; Located in South Point Subdivision off St RT 219
    (419) 629-2623
    We can help!
    Listing Contact
    Jeffrey Bertke
    Jeffrey Bertke
    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
    6945 Heron Drive, Celina, OH 45822
    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!