Sign Up Successful!
You now have access to more from Realmo!
    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

    7200 Long Rd Canal Winchester, OH 43110

    Sponsored
    For Sale
    Pending
    $2,674,000

    MULTI_FAMILY - Canal Winchester, OH

    Lot size:
    15.28 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 23 at 3:06 am

    Property Features for 7200 Long Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    APN
    530-166413-00
    Lot size
    15.28 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1960
    Number of units
    5

    We can help!

    Listing Contact
    Christopher B Hannan

    Rise Realty Co. (740) 475-7491 [email protected]

    Listing agent Christopher B Hannan (614) 218-6007

    Listing date Jan 22, 2026

    MLS# 226001737 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.

    Learn more

    Property Insight Report

    Overview

    Land Assemblage Near Portman Park

    This package deal includes multiple parcels totaling 15.28 acres. The parcels are: 530-166403-00 (7196 Long Road), 530-166413-00 (7200 Long Road), 530-137733-00 (7210 Long Road), 530-166400-00 (0 Long Road), and 530-318697-00 (7260 Long Road). The property abuts Portman Park and is considered ideal for apartment development. The location is in Canal Winchester, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.812777
    Latitude
    39.90465

    Nearby Similar for Sale

    • $319,900
      0.20 Acres

      Canal Winchester Duplex Investment

      Occupied duplex in Groveport Madison school district, immediate income.
      6315-6317 Upperridge Dr, Canal Winchester, OH 43110
      View Details
    • $319,900
      0.21 Acres

      Occupied Duplex in Canal Winchester

      Investment opportunity: side-by-side duplex with immediate income potential.
      6323-6325 Upperridge Dr, Canal Winchester, OH 43110
      View Details
    • $319,900
      0.20 Acres

      Canal Winchester Duplex Investment

      Occupied duplex in Groveport Madison school district, investment opportunity.
      6307-6309 Upperridge Dr, Canal Winchester, OH 43110
      View Details
    • $1,999,999
      11,000 SF

      Retail Space on US 33

      Versatile retail space in high-traffic area, near upcoming medical campus.
      209-229 Cemetery Rd, Canal Winchester, OH
      View Details
    • $675,000

      Established Vineyard and Winery Opportunity

      Vineyard and winery with multiple buildings and event center.
      1900 Winchester Southern Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      209,632 SF

      Warehouse with Class A Office

      90,165 SF suite available for lease or sale.
      10013 Busey Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      527,023 SF

      Class A Logistics Facility

      527,023 SF logistics facility in high-growth Columbus market.
      6085 Winchester Pike, Canal Winchester, OH 43110
      View Details
    • $8,900,000
      35,379 SF

      Retail Property in Canal Winchester

      35,379 SF retail property available for sale.
      18-33 W Waterloo St, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      10,250 SF

      Medical Building for Sale

      10,250 SF medical building available for purchase.
      7750 Diley Rd, Canal Winchester, OH 43110
      View Details
    • $1,999,999
      1.63 Acres

      Winchester Rd Storefront Opportunity

      Canal Winchester Retail Redevelopment
      209-229 Winchester Cemetery Rd, Canal Winchester, OH 43110
      View Details
    • $550,000
      4,985 SF

      Canal Winchester Car Wash Business

      Profitable Car Wash, High Traffic Area
      450 Waterloo St, Canal Winchester, OH 43110
      View Details
    • $1,100,000

      Winchester Road Multifamily Investment

      Three-unit apartment building, prime location.
      10111 Winchester Rd, Canal Winchester, OH 43110
      View Details

    FAQs

    What type of property is this?
    Commercial land - 15.28 acres package deal ideal for apartment development.
    Where is this commercial land located?
    The property is located at 7200 Long Rd Canal Winchester, OH.
    What is the asking price?
    The asking price for this property is $2,674,000.
    What are key features of this property?
    This property features: - 15.28 Acre Package Deal Assemblage; - Ideal for Apartment Development; - Abuts Portman Park
    (614) 218-6007
    Request Owner's contact information
    7200 Long Rd Canal Winchester, OH 43110
    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.
    7200 Long Rd
    Canal Winchester, OH 43110
    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
    7200 Long Rd Canal Winchester, OH 43110
    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

    We can help!
    Listing Contact
    Christopher B Hannan
    Real Estate License ID: 2022002570
    (614) 218-6007
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.