Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Ideal for Dream Home Title is generated by Realmo AI

    9730 Butcher Road, Mount Vernon, OH 43050

    View on Map
    Claim this Listing
    For Sale
    $375,000

    LAND - Mount Vernon, OH

    Lot size:
    22.13 Acres
    Added:
    Sep 23, 2025
    Days on Market:
    252
    Last Refresh:
    Jun 1 at 4:06 am

    Property Features for 9730 Butcher Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    43-00230.003
    Lot size
    22.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1596

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Private Sewer

    We can help!

    Listing Contact
    Michelle Demopolis

    Listing agent Michelle Demopolis License #2004020558

    Listing office Keller Williams Capital Ptnrs 100 E Wilson Bridge Road, Worthington, OH

    Listing date Sep 23, 2025

    MLS# 225036090 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

    • 22 Acres of Land
    • Approved 2‑Acre Building Site with Septic Approval
    • Approximately 8 Acres of Woods offer Potential Riding Trails
    • 14 Cleared Acres ideal for Arena or Garden
    • Convenient Location Near Columbus, Delaware, and Westerville
    • Electricity Available

    Overview

    This 22.13-acre property in Mount Vernon, OH, presents an opportunity to build a dream home and enjoy equestrian activities or create a homestead. The land features an approved 2-acre building site with septic approval. Approximately 8 acres are wooded, with 1 acre at the front for privacy and 7 acres at the back, suitable for riding trails. The remaining 14 acres of cleared land are ideal for an outdoor arena or garden. The property is conveniently located near Columbus, Delaware, and Westerville. Mount Vernon is a historic town with various attractions, offering numerous possibilities for this property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.577531
    Latitude
    40.291063

    Nearby Similar for Sale

    • $1,200,000
      2,348 SF

      Iconic Farm with Historic Charm

      57-acre farm with farmhouse, barns, and commercial potential.
      8040 Thayer Road, Mount Vernon, OH 43050
      View Details
    • $649,998
      5,920 SF

      Commercial Garage Warehouse on State Route

      Commercial garage warehouse with high traffic count and expansion potential.
      800 N Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $249,900

      Mount Vernon Investment Opportunity

      Updated duplex in Mount Vernon, move-in ready, great investment potential.
      206 N Division Street, Mount Vernon, OH 43050
      View Details
    • $650,000
      13,000 SF

      Mount Vernon Mixed-Use Loft Conversion

      Unique live-work property with income potential in Mount Vernon, Ohio.
      409 West Gambier Street, Mount Vernon, OH 43050
      View Details
    • $2,100,000
      97,000 SF

      Mount Vernon Industrial Facility

      97,000 SF industrial building with crane capacity.
      105 N Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $725,000
      11,000 SF

      Mount Vernon Self-Storage Investment

      11,000 SF industrial property with 61 self-storage units.
      715 North Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $200,000

      Land Available in Mount Vernon

      Five lots available near Kenyon College and Kokosing Gap Trail.
      26-30 Dogwood Terrace, Mount Vernon, OH 43050
      View Details
    • $150,000

      Scenic Land Near Apple Valley

      Five rolling acres near Mount Vernon and Apple Valley Lake.
      15266 Gilchrist Road, Mount Vernon, OH 43050
      View Details
    • $499,998

      Commercial Land in Mount Vernon

      Two acres of commercially zoned land available for purchase.
      800 N Sandusky Street, Mount Vernon, OH 43050
      View Details
    • $399,000

      Land in Knox County, OH

      8.9 acres of partially wooded land for sale.
      Grant Rd, Mount Vernon, OH 43028
      View Details
    • $2,100,000
      97,000 SF

      Mount Vernon Industrial Facility

      97,000 SF industrial building with cranes and ample parking.
      105 N Sandusky Street, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      60,480 SF

      Versatile Industrial Building in Mt. Vernon

      Three-story industrial building with office space and secure vault.
      105 N Sandusky Street, Mount Vernon, OH 43050
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 22 acres in Mount Vernon, perfect for building and recreation.
    Where is this residential land & home lot located?
    The property is located at 9730 Butcher Road Mount Vernon, OH.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 22 Acres of Land; Approved 2‑Acre Building Site with Septic Approval; Approximately 8 Acres of Woods offer Potential Riding Trails
    (740) 602-0126
    We can help!
    Listing Contact
    Michelle Demopolis
    Real Estate License ID: 2004020558
    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
    9730 Butcher Road, Mount Vernon, OH 43050
    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!