Add Listing
    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

    King Road NE Thornville, OH 43076

    View on Map
    For Sale
    $57,500

    LAND - Thornville, OH

    Lot size:
    0.13 Acres
    Added:
    Mar 15, 2026
    Days on Market:
    18
    Last Refresh:
    Apr 1 at 10:06 pm

    Property Features for King Road NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    04-61039-500
    Lot size
    0.13 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    309

    We can help!

    Listing Contact
    Megan L Bell
    Megan L Bell

    Listing agent Megan L Bell

    Listing office Real of Ohio 36 N HIGH ST, Newark, OH

    Listing date Mar 15, 2026

    MLS# 226007719

    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.

    Overview

    Residential Lot Near Buckeye Lake

    This residential lot in Fairfield Beach at Buckeye Lake offers an opportunity to design and build a lake-area home or getaway. The property consists of three combined lots totaling 60 x 100, or 0.13 acres. It is located minutes from the shoreline, providing access to boating, fishing, waterfront dining, and the lifestyle Buckeye Lake is known for. The area is experiencing growth and investment, with improvements to parks, waterfront areas, and tourism amenities intended to make the region a year-round destination. Buckeye Lake State Park spans over 3,000 acres of water and shoreline, offering boating, fishing, swimming, wildlife viewing, and year-round outdoor recreation. The property is located in Thornville, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Thornville
    County
    Perry
    State
    Ohio
    Longitude
    -82.476936
    Latitude
    39.911342

    Nearby Similar for Sale

    • $450,000

      Thornville Land Near Buckeye Lake

      6.25 acres near Buckeye Lake, ideal for building.
      13556 Rosewood Road NE, Thornville, OH 43076
      View Details
    • $450,000

      Land Near Buckeye Lake

      6.24 acre land parcel near Buckeye Lake.
      Rosewood Road NE, Thornville, OH 43076
      View Details
    • $95,000

      Residential Lot with Lake View

      Residential lot in Thornville, OH, with lake view.
      52 Ridge Road, Thornville, OH 43076
      View Details
    • $269,900

      Waterfront Land in Snug Harbor

      Rare waterfront lot in distinctive Buckeye Lake community.
      11703 McMurray Way, Thornville, OH 43076
      View Details
    • $1,734,533
      9,100 SF

      Dollar General NNN Investment Opportunity

      Freestanding Dollar General in Columbus MSA with NNN lease.
      9077 Blackbird Ln, Thornville, OH 43076
      View Details
    • $895,000

      Certified Organic Farmland Near Buckeye

      77.13 acres of certified organic farmland in Thornville, OH.
      11559 Somerset Road, Thornville, OH 43076
      View Details
    • $99,500

      Residential Land with Garage

      Two combined lots with garage in Edgewater Beach subdivision.
      216 Summit Road, Thornville, OH 43076
      View Details
    • $42,000

      Residential Land in Fairfield Beach

      Wooded lot in up-and-coming Fairfield Beach area.
      2687-2690 Pine Road NE, Thornville, OH 43076
      View Details
    • $46,000

      Residential Land in Fairfield Beach

      Ready-to-build lot near premier Fairfield Beach properties.
      13159 Ivy Road NE, Thornville, OH 43076
      View Details
    • $425,000

      Waterfront Lot in Snug Harbor

      Prime waterfront lot to build your dream home on Buckeye Lake.
      Finta Way lot: 13, Thornville, OH 43076
      View Details
    • $375,000

      Waterfront Land on Buckeye Lake

      Spacious waterfront lot in Snug Harbor Village, Thornville, OH.
      McMurray Way, Thornville, OH 43076
      View Details
    • $85,000

      Residential Land in Fairfield Union

      Residential building lot in a desirable rural setting.
      Thornville Road NE unit: Tract 7, Thornville, OH 43076
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near Buckeye Lake, perfect for building a home.
    Where is this residential land & home lot located?
    The property is located at King Road NE Thornville, OH.
    What is the asking price?
    The asking price for this property is $57,500.
    What are key features of this property?
    This property features: Three combined lots (60 x 100) provide a perfect footprint for building.; Minutes from Buckeye Lake shoreline, offering easy access to boating, fishing, and waterfront dining.; Located in Fairfield Beach at Buckeye Lake.
    (614) 778-5540
    We can help!
    Listing Contact
    Megan L Bell
    Megan L Bell
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!