Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Land in Canal Winchester Title is generated by Realmo AI

    9215 Basil Western Road NW, Canal Winchester, OH 43110

    View on Map
    Claim this Listing
    For Sale
    $955,558

    LAND - Canal Winchester, OH

    Lot size:
    3.63 Acres
    Added:
    May 13, 2026
    Days on Market:
    10
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 9215 Basil Western Road NW

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03-70211-731
    Lot size
    3.63 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7640

    We can help!

    Listing Contact
    Shelly-Ann P Gray

    Listing agent Shelly-Ann P Gray

    Listing office Red 1 Realty 921 Eastwind Dr Suite 102, Columbus, OH

    Listing date May 13, 2026

    MLS# 226016851 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.

    HighLights

    • 3.633 Acres of M‑2 Zoned Industrial Land
    • Excellent Location near Route 33 / Diley Road Interchange
    • Approximately 475 Feet of Frontage on Basil Western Rd NW
    • Public Utilities Available
    • Located in Active Industrial and Commercial Growth Corridor
    • Possible Tax Abatement

    Overview

    This 3.633-acre commercial/industrial development parcel is located at 9215 Basil Western Rd NW in Canal Winchester, Ohio, within the Fairfield County / Violet Township corridor. Zoned M-2 Limited Manufacturing, the property features approximately 475 feet of frontage along Basil Western Rd NW. Public utilities are available. The site is strategically positioned near the Route 33 / Diley Road interchange, placing it in an active industrial and commercial growth corridor. This parcel may appeal to an owner-user, a small industrial or flex developer, or an assemblage buyer seeking to control a larger development footprint in the area. It presents an excellent location for an owner-user, investor, or developer seeking a well-positioned site in the Basil Western corridor. Possible tax abatement may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.76725
    Latitude
    39.842102

    Nearby Similar for Sale

    • $190,000

      Commercial Land in Growing Area

      2.5-acre commercial land parcel in Canal Winchester, Ohio.
      0 Cemetery Road, Canal Winchester, OH 43110
      View Details
    • $225,000

      Prime Corner Lot in Ohio

      One-acre corner lot suitable for commercial development in Canal Winchester.
      Chesterville Drive, Canal Winchester, OH 43110
      View Details
    • $2,674,000

      Land Assemblage Near Portman Park

      15.28 acres package deal ideal for apartment development.
      7200 Long Road, Canal Winchester, OH 43110
      View Details
    • $100,000

      Residential Lot in Canal Winchester

      1.38-acre residential lot in the desirable Canal Winchester area.
      7536 Lithopolis Road, Canal Winchester, OH 43110
      View Details
    • $89,500

      Land in Canal Winchester, OH

      Commercial land available in Canal Winchester, Ohio.
      Lehman Road, Canal Winchester, OH 43110
      View Details
    • $925,000

      Development Land in Canal Winchester

      4.52 acres of multi-family development land for sale.
      8115 Hill Road NW, Canal Winchester, OH 43110
      View Details
    • $184,900

      2-Acre Lot in Canal Winchester

      Build-ready 2-acre lot in Bloom-Carroll School District.
      5795 Lithopolis Winchester Road NW, Canal Winchester, OH 43110
      View Details
    • $7,800,000
      35,379 SF

      Retail Property in Canal Winchester

      35,379 SF retail property available for sale.
      18-33 W Waterloo St, Canal Winchester, OH
      View Details
    • $350,000
      1 SF

      Land at US-33 & High

      1.73-acre site at the corner of US-33 and High Street.
      High Street, Canal Winchester, OH 43110
      View Details
    • $645,000

      Wooded Land with Pole Barn

      17.5-acre wooded property with stream and pole barn.
      Sitterley Road NW, Canal Winchester, OH 43110
      View Details
    • $4,480,485

      Commercial Land with Highway Frontage

      Prime commercial land with high visibility and development potential.
      630 W Waterloo St, Canal Winchester, OH
      View Details
    • Contact for pricing

      Cross-Dock Distribution Facility Available

      Distribution facility with modern utilities in Southeast Columbus market.
      6085 Winchester Pike, Canal Winchester, OH 43110
      View Details

    FAQs

    What type of property is this?
    Industrial land - 3.63 Acres of M-2 Zoned Industrial Land
    Where is this industrial land located?
    The property is located at 9215 Basil Western Road NW Canal Winchester, OH.
    What is the asking price?
    The asking price for this property is $955,558.
    What are key features of this property?
    This property features: 3.633 Acres of M‑2 Zoned Industrial Land; Excellent Location near Route 33 / Diley Road Interchange; Approximately 475 Feet of Frontage on Basil Western Rd NW
    (614) 585-9020
    We can help!
    Listing Contact
    Shelly-Ann P Gray
    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

    Thank You for Inquiry
    9215 Basil Western Road NW, Canal Winchester, OH 43110
    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!