Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    Ora Richey Rd Ironton, OH 45638

    View on Map
    Claim this Listing
    Pending
    $50,000

    Residential Lot - Ironton, OH

    Type:Single Family Residence
    Lot size:
    14.17 Acres
    Added:
    Jul 19, 2024
    Days on Market:
    656
    Last Refresh:
    May 5 at 12:06 am

    Property Features for Ora Richey Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Pending
    APN
    -
    Lot size
    14.17 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Beverly Wilson

    Listing agent Beverly Wilson

    Listing office BUNCH REAL ESTATE ASSOCIATES 8115 County Road 107, Proctorville, OH

    Listing date Jul 19, 2024

    MLS# 179278 Listing URL

    Copyright © 2026 Huntington Board of Realtors. 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 Acreage Within City Limits

    This 14.17-acre residential lot is located within the city limits of Ironton, Ohio, in Lawrence County. The property features rolling land and hillside terrain with wooded areas suitable for hiking and exploring. It offers access to Ironton water and sewer services, as well as AEP and Columbia Gas utilities. The site is accessible from Ora Richey Rd, Murdock Rd, and Crestview Drive. The property is suitable for building one or more houses, with the potential to subdivide or maintain a secluded homesite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ironton
    County
    Lawrence
    State
    Ohio
    Longitude
    -82.6629
    Latitude
    38.545

    Nearby Similar for Sale

    • $124,500
      2,776 SF

      Ironton Duplex with Income Potential

      Two-unit duplex in Ironton, Ohio, ideal for investors/homeowners.
      1418 S Seventh Street, Ironton, OH 45638
      View Details
    • $70,000

      6 Acres Hunting Land Retreat

      Private 6-acre hunting land with utilities near Wayne National Forest.
      1463 Disterdick Lane, Ironton, OH 45638
      View Details
    • $225,000

      Former Restaurant Building in Ironton

      3,648 SF commercial building, formerly a restaurant with parking.
      2215 S 3rd Street, Ironton, OH 45638
      View Details
    • $49,900

      Residential Lot with Garage, Utilities

      Cleared lot with utilities and two-car garage in Ironton.
      136 Scherer Rd, Ironton, OH 45638-2716
      View Details
    • $299,900
      3,872 SF

      Ironton Apartment Building For Sale

      Six-unit apartment building in high-visibility Ironton location.
      1107 S 3rd Street, Ironton, OH 45638
      View Details
    • $40,000

      Residential Lot in Ironton, OH

      Residential lot ready for a new home in Ironton.
      2626 S 8th Street, Ironton, OH 45638
      View Details
    • $34,000

      Residential Lot in Country Setting

      1.5 acre residential lot with cleared site near town.
      1817 County Road 52, Ironton, OH 45638
      View Details
    • $99,900
      3,632 SF

      Fourplex in Convenient Ironton Location

      Spacious four-unit property with income potential in Ironton, Ohio.
      216-218 S 4th Street, Ironton, OH 45638
      View Details
    • $15,900

      Residential Lot Near Rock Hill

      One-acre residential lot in a country setting near school.
      County Road 26, Ironton, OH 45638
      View Details
    • $37,500

      Residential Lot in Ironton, OH

      Large 1.80 acre lot ready for your dream home.
      Pvt. Dr. 23A, Co. Rd. 181, Ironton, OH 45638
      View Details
    • $55,000

      Residential Lot in Stone Creek

      1.24-acre residential lot in a desirable subdivision near amenities.
      148 Private Road 707, Ironton, OH 45638
      View Details
    • $19,000

      Residential Lot in Ironton, OH

      Residential lot with city utilities and easy access to downtown.
      116 Twp Rd 183, Ironton, OH 45638
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 14.17 acres in Ironton, OH with utilities access.
    Where is this residential land & home lot located?
    The property is located at Ora Richey Rd Ironton, OH.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Acreage within city limits offers a unique blend of space and convenience.; Access to city water and sewer simplifies development.; AEP and Columbia Gas provides essential utilities.
    (304) 633-2589
    We can help!
    Listing Contact
    Beverly Wilson
    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

    Thank You for Inquiry
    Ora Richey Rd, Ironton, OH 45638
    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!