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

    7222 Hancock Dr Russells Point, OH 43348

    Sponsored
    For Sale
    Contact for pricing

    LAND - Russells Point, OH

    Lot size:
    0.13 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 3 at 11:06 am

    Property Features for 7222 Hancock Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    510321603002000
    Lot size
    0.13 Acres

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Cory Burch

    Choice Properties Real Estate (937) 842-2244 x101

    Listing agent Cory Burch (937) 842-2244

    Listing date Mar 2, 2026

    MLS# 1044044 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.

    Learn more

    Property Insight Report

    Overview

    Residential Corner Lot Near Lake

    This 0.13-acre residential corner lot, measuring 75' x 75', is located at 7222 Hancock Drive in Russells Point, Ohio. Utilities are available at the road. A well is currently on site, though its condition is unknown. The property's location offers close proximity to Indian Lake, local dining, marinas, and year-round events. This lot presents an opportunity for a primary residence, seasonal getaway, or investment build. The corner lot provides added flexibility for design, access, and layout within this desirable lake community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Russells Point
    County
    Montgomery
    State
    Ohio
    Longitude
    -83.871695
    Latitude
    40.467139

    Nearby Similar for Sale

    • New
      $699,900
      2,789 SF

      Turnkey Restaurant Business and Property

      Thriving pizza business and property in Russells Point, Ohio.
      424 E Main St, Russells Point, OH 43348
      View Details
    • $300,000
      988 SF

      Restaurant Opportunity on Indian Lake

      Restaurant with boat dock and seating on Indian Lake.
      302 W Main St, Russells Point, OH 43348
      View Details
    • $124,900
      1,200 SF

      Versatile Building Near Indian Lake

      Well-maintained building with concrete floor, electrical service, and ample parking.
      8128 Midway Dr, Russells Point, OH 43348
      View Details
    • $699,000
      6,400 SF

      Versatile Commercial Property in Russells Point

      2.4 acres with auto shop and heated block building.
      8187 State Route 708, Russells Point, OH 43348
      View Details
    • $699,000
      6,400 SF

      Commercial Property in Russells Point

      2.4 acres with auto shop and heated block building.
      8187 Oh 708, Russells Point, OH 43348
      View Details
    • $450,000
      15,300 SF

      Indian Lake Rollarena For Sale

      Commercial property with high visibility and large parking area.
      330 Taylor Ave, Russells Point, OH 43348
      View Details
    • $395,000
      2,928 SF

      Indian Lake Multifamily Investment Opportunity

      Turnkey four-unit property near Indian Lake with immediate cash flow.
      106 Lind St, Russells Point, OH 43348
      View Details
    • $699,900
      1,891 SF

      Thriving Pizza Business Opportunity

      Established pizza business and property for sale in Russells Point.
      424 East Main St, Russells Point, OH
      View Details
    • New
      $295,000
      2,550 SF

      Former Restaurant with Drive-Through

      Commercial real estate in high-traffic area near Indian Lake.
      421 Madison St, Russells Point, OH 43348
      View Details
    • $499,000
      2,550 SF

      Madison Street Restaurant - Russells Point, OH

      Prime Restaurant Space, High Traffic Area, Drive-Thru
      421 Madison St, Russells Point, OH 43348
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential corner lot near Indian Lake, utilities available.
    Where is this residential land & home lot located?
    The property is located at 7222 Hancock Dr Russells Point, OH.
    What is the asking price?
    The asking price for this property is $26,900.
    What are key features of this property?
    This property features: - Close proximity to Indian Lake, local dining, marinas, and year-round events.; - 75' x 75' residential corner lot offering design flexibility.; - Utilities available at the road for easy development.
    (937) 842-2244
    Request Owner's contact information
    7222 Hancock Dr Russells Point, OH 43348
    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.
    7222 Hancock Dr
    Russells Point, OH 43348
    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
    7222 Hancock Dr Russells Point, OH 43348
    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
    Cory Burch
    (937) 842-2244
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!