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

    7326 Ohio 19 unit Unit 8-241 Mount Gilead, OH 43338

    View on Map
    For Sale
    Contact for pricing

    LAND - Mount Gilead, OH

    Property size:
    21,825 SF
    Lot size:
    0.51 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    83
    Last Refresh:
    Mar 31 at 3:06 pm

    Property Features for 7326 Ohio 19 unit Unit 8-241

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    E13-008-E0-241-00
    Size
    21,825 SF
    Lot size
    0.51 Acres

    We can help!

    Listing Contact
    Brian Keith Lee
    Brian Keith Lee

    Listing agent Brian Keith Lee

    Listing office Century 21 Excellence Realty 150 E Wilson Bridge Rd. Suite 140, Canal Winchester, OH

    Listing date Jan 7, 2026

    MLS# 226000890

    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

    Half Acre Buildable Lot

    This 0.51-acre lot offers a potential building site or can be kept undeveloped. It provides access to Candlewood Lake and its amenities, including water skiing, fishing, lodge access, a gym, swimming pool, tennis, pickleball, nature trails, and parks. A new member fee of $1331 is required for Candlewood Lake. The HOA fee is $164.24 per month. The property is located in Mount Gilead, OH.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mount Gilead
    County
    Butler
    State
    Ohio
    Longitude
    -82.7592
    Latitude
    40.5633

    Nearby Similar for Sale

    • $949,900
      7,828 SF

      Versatile Commercial Building in Mount Gilead

      Multi-room commercial building with ample parking and development potential.
      871 West Marion Road, Mount Gilead, OH 43338
      View Details
    • $2,550
      4,968 SF

      Mount Gilead Retail Space Available

      Spacious retail property in downtown Mount Gilead, Ohio.
      27 Main Street, Mount Gilead, OH 43338
      View Details
    • $114,498

      Residential Land in Mount Gilead

      3.24 acres in Gilead Township with building approvals.
      0 Township Road 111, Mount Gilead, OH 43338
      View Details
    • $69,398

      Residential Land in Mount Gilead

      Two village lots totaling 0.74 acres, suitable for building.
      0 Iberia Street, Mount Gilead, OH 43338
      View Details
    • $70,000

      Wooded Land Near Candlewood Lake

      Over an acre of wooded land near Candlewood Lake.
      7326 State Route 19 unit: 7, Lots 186-189, Mount Gilead, OH 43338
      View Details
    • $70,000

      Wooded Land Near Candlewood Lake

      Over an acre of wooded land near Candlewood Lake.
      7326 State Route 19, Unit 7, Lots 186-189, Mount Gilead, OH 43338
      View Details
    • $19,900

      Level Land Near Candlewood Lake

      Level lots with access to Candlewood Lake amenities.
      7326 State Route 19, Unit 3, Lots 122-123, Mount Gilead, OH 43338
      View Details
    • $25,000

      Candlewood Lake Seasonal Escape

      Turnkey seasonal getaway in desirable lake community.
      7326 State Route 19, Unit 4, Lot 331, Mount Gilead, OH 43338
      View Details
    • $25,000

      Land in Gated Community

      0.46-acre property in Candlewood Lake gated community.
      Candlewood 210, Mount Gilead, OH 43338
      View Details
    • $98,000

      Morrow County Land Opportunity

      5+ acre partially wooded lot in Morrow County.
      0 St Rt 61, Mount Gilead, OH 43338
      View Details
    • $949,900
      10,000 SF

      Versatile Office Building with Salon

      Office building with beauty salon and ample parking for sale.
      871 West Marion Road, Mount Gilead, OH, 43338
      View Details
    • $26,500

      Candlewood Lake Land Opportunity

      Two lots in a gated community with lake access.
      7326 State Route 19 Unit 3 Lot 149-150, Mount Gilead, OH 43338
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot with access to Candlewood Lake amenities.
    Where is this residential land & home lot located?
    The property is located at 7326 Ohio 19 unit Unit 8-241 Mount Gilead, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Buildable half‑acre lot – ideal for your custom dream home.; Access to Candlewood Lake for waterskiing and fishing.; Extensive amenities including a lodge, gym, swimming pool, tennis, and pickleball.
    (614) 325-1282
    We can help!
    Listing Contact
    Brian Keith Lee
    Brian Keith Lee
    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!