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    9520 Mcglade School Rd Dresden, OH 43821

    View on Map
    Sponsored
    For Sale
    $167,500

    LAND - Dresden, OH

    Property size:
    2,000 SF
    Lot size:
    5.00 Acres
    Days on Market:
    24
    Last Refresh:
    Mar 6 at 9:06 pm

    Property Features for 9520 Mcglade School Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Wooded
    APN
    44-06-51-01-000
    Parking features
    Driveway
    Size
    2,000 SF
    Lot size
    5.00 Acres

    Utilities

    Sewer type
    Septic Needed

    Building Details

    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Danielle Leigh Fikes

    JB Prindle Real Estate (740) 221-0039

    Listing agent Danielle Leigh Fikes (740) 607-8124 License #2006006724

    Listing date Feb 11, 2026

    MLS# 5154733 Listing URL

    Copyright © 2026 MLS Now. 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

    Versatile Land with Potential Structure

    This versatile property features a 2,000 sq ft main structure with expansion potential, situated on 5 acres of land, with an additional 2 acres added on 2/11/26, totaling 7 acres. The main building has a sturdy pole construction with an area designed to be finished into a 1/2 or 1 1/2 story layout. An additional 1,000 sq ft can be added by building a second story, potentially creating up to 2 bedrooms and expanding the total living area to approximately 2,844 sq ft. The building boasts an insulated roof and 5-6 inches of concrete flooring. The 220AMP electrical service requires finishing wiring throughout the interior. Plumbing is roughed in on the back left side, with the potential to extend into the second story. A gas hookup is available for heating needs. The property includes an 8x15 backroom (120 sq ft) and a side space measuring 35x12 (420 sq ft), adding further functional areas. The existing structure sits on a substantial concrete slab. The property is located within the Tri-Valley School District. The property presents an excellent opportunity for those seeking a blank canvas to create a customized barndominium home, workshop, or mixed-use space in a scenic rural setting. The left side can be finished as a living space, while the right side, garage, or bay area can be designated as a shop or business area. Potential to build additional home site within the 7 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Dresden
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.02809002
    Latitude
    40.08706878

    FAQs

    What type of property is this?
    Mixed-use property - Land with existing structure, customizable for residential or commercial use.
    Where is this mixed-use property located?
    The property is located at 9520 Mcglade School Rd Dresden, OH.
    What is the asking price?
    The asking price for this property is $167,500.
    What are key features of this property?
    This property features: - 1.7 Acres of Land: Offers ample space and potential.; - **2,000 sq ft Main Structure with Expansion Potential:** Add 1,000 sq ft and up to 2 bedrooms.; - Customizable Interior: Design the layout to your specifications.
    (740) 607-8124
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    9520 Mcglade School Rd Dresden, OH 43821
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    Dresden, OH 43821
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    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
    9520 Mcglade School Rd Dresden, OH 43821
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    We can help!
    Listing Contact
    Danielle Leigh Fikes
    Real Estate License ID: 2006006724
    (740) 607-8124 (740) 453-6533
    Learn more
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