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    9520 Mcglade School Road Dresden, OH 43821

    View on Map
    New
    For Sale
    $167,500

    LAND - Dresden, OH

    Property size:
    2,000 SF
    Lot size:
    7.08 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 1 at 1:06 am

    Property Features for 9520 Mcglade School Road

    General Information

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

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    R 8 TP 2 QR TP 1 LOT 25 5.00A & R 8 TP 3 QR TP 4 LOT 22 2.08A
    TaxAnnualAmount
    881

    Utilities

    Sewer type
    Septic Needed

    Building Details

    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Mikah Fikes

    Listing agent Mikah Fikes License #2022006048

    Listing office JB Prindle Real Estate 2103 Maple Avenue Suite 2, Zanesville, OH

    Listing date Mar 30, 2026

    MLS# 5197097

    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.

    Overview

    Versatile Land with Potential

    Located in a rural setting within the Tri-Valley School District, this 7.08-acre property features a spacious 2,000 sq ft main structure with potential for expansion and customization. The building is constructed with durable pole framing and includes an area designed to be finished into a 1/2 or 1 1/2 story layout. There is also the opportunity to expand by adding a second story, potentially allowing for up to 2 bedrooms and increasing the total living space to approximately 2,844 sq ft. The layout allows finishing the left side as living space while keeping the right side as a functional shop or workspace. The structure features an insulated roof and 5-6 inch concrete flooring. The property includes 220 AMP electrical service, with interior wiring ready to be completed. Plumbing has been roughed in on the back left side, with potential to extend upward if a second level is added. A gas hookup is available for heating. Additional spaces include an 8x15 back room (120 sq ft) and a 35x12 side area (420 sq ft). The existing structure sits on a solid concrete slab. It is suited for personal or business use, offering a rare opportunity to create a fully customized barndominium, workshop, or mixed-use space.
    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
    -82.0278375
    Latitude
    40.0879019

    FAQs

    What type of property is this?
    Mixed-use property - 7+ acre property with spacious structure for customization.
    Where is this mixed-use property located?
    The property is located at 9520 Mcglade School Road 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: 7+ acre property offering privacy and a rural setting.; 2,000 sq ft main structure with potential to expand to approximately 2,844 sq ft and add up to 2 bedrooms.; Flexible layout allows for combination of living space and workshop/garage area.
    (740) 607-9626
    We can help!
    Listing Contact
    Mikah Fikes
    Real Estate License ID: 2022006048
    Learn More
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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
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