Sign Up Successful!
You now have access to more from Realmo!
    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

    E Ray- 36A Dr Zanesville, OH 43701

    Sponsored
    For Sale
    $40,000

    LAND - Zanesville, OH

    Lot size:
    0.78 Acres
    Days on Market:
    74
    Last Refresh:
    Jan 30 at 10:06 am

    Property Features for E Ray- 36A Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    17-61-05-15-000
    Parking features
    Driveway
    Lot size
    0.78 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Roberta Lepi
    Roberta Lepi

    Lepi & Associates Real Estate Services (740) 891-1068

    Listing agent Roberta L Lepi (740) 891-1068 License #284700

    Listing date Nov 18, 2025

    MLS# 5157498 Listing URL

    Copyright © 2025 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

    Residential Building Lot in Zanesville

    This residential building lot, totaling 0.78 acres, is located within the city limits of Zanesville, Ohio. The property features a mix of cleared and wooded areas and is suitable for a walkout basement due to its slightly rolling terrain. Access is available through an existing driveway, which is a right of way located on this lot. The buyer is responsible for utility hookups and any further right of way development. Right of ways and lot lines have been marked. There are 3 additional lots also available offering a sprawling, estate like setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Zanesville
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.00751682
    Latitude
    39.97294254

    Nearby Similar for Sale

    • $280,000
      2,184 SF

      Updated Duplex in Zanesville, OH

      Well-maintained duplex with new updates, ideal for investors or owner-occupants.
      6295 Dresden Rd, Zanesville, OH 43701
      View Details
    • $1,500,000
      2.65 Acres

      Medical Office Building For Sale

      Professionally finished medical office with additional suites and expansion potential.
      3814 James Ct, Zanesville, OH 43701
      View Details
    • $1,500,000
      2.80 Acres

      Versatile Commercial Property in Zanesville

      6,600 sq ft building ideal for service-based operations and trades.
      1545 Highpointe Ct, Zanesville, OH 43701
      View Details
    • $250,000
      0.89 Acres

      Medical Condo Suite Near Hospital

      Move-in ready medical condo with exam rooms and modern updates.
      830 Bethesda Dr, Zanesville, OH 43701
      View Details
    • $1,250,000
      2.29 Acres

      High-Visibility Commercial Building with Acreage

      Freestanding commercial building on 2.29 acres, high-traffic location.
      2810 Maysville Pike, Zanesville, OH 43701
      View Details
    • $899,000
      0.75 Acres

      Fully Occupied Office Complex

      Six-unit office complex with ample parking and yearly leases.
      3608 Maple Ave, Zanesville, OH 43701
      View Details
    • $319,000
      0.33 Acres

      Zanesville Commercial Property For Sale

      Commercial property in Zanesville, Ohio, suitable for retail or automotive.
      1425 Maysville Ave, Zanesville, OH 43701
      View Details
    • $1,400,000
      18,000 SF

      Established Retail Center For Sale

      Retail center with 15 units in Zanesville, OH.
      2300-2328 June Pkwy, Zanesville, OH 43701
      View Details
    • $600,000
      10,800 SF

      Zanesville Industrial/Flex Space Available

      Versatile 10,800 SF industrial/flex space for sale in Zanesville.
      850 Muskingum Ave, Zanesville, OH 43701
      View Details
    • $275,000
      11,500 SF

      Versatile Warehouse/Manufacturing Facility in Zanesville

      28,900 SF warehouse/manufacturing facility with office space and secured area.
      135 Kensington Ave, Zanesville, OH 43701
      View Details
    • $1,500,000
      10,000 SF

      Two-Story Building with Flexible Layout

      10,000 SF building suitable for medical, office, or retail.
      Arch St, Zanesville, OH 43701
      View Details
    • $1,700,000
      33,712 SF

      Zanesville Commercial Property with Warehouse

      Commercial property with office, showroom, and warehouse space for sale.
      999 Zane St, Zanesville, OH 43701
      View Details

    FAQs

    What type of property is this?
    Land - Residential building lot with cleared and wooded area in Zanesville.
    Where is this land located?
    The property is located at E Ray- 36A Dr Zanesville, OH.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: - Rare residential building lot within city limits.; - Suitable for a walkout basement.; - Gently rolling terrain.
    (740) 891-1068
    Request Owner's contact information
    E Ray- 36A Dr Zanesville, OH 43701
    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.
    E Ray- 36A Dr
    Zanesville, OH 43701
    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
    E Ray- 36A Dr Zanesville, OH 43701
    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

    We can help!
    Listing Contact
    Roberta Lepi
    Roberta Lepi
    Real Estate License ID: 284700
    (740) 891-1068
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.