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

    110 Grace Dr Powell, OH 43065

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.09 acres of land available in Powell, Ohio.

    Lot size:
    2.09 Acres

    Property Features for 110 Grace Dr

    General Information

    Standard status
    Active
    Zoning
    City of Powell - Downtown Business District (Db)
    Lot size
    2.09 Acres

    We can help!

    Listing Contact
    Joey Lamb
    Source: Crexi

    Listing Agency: JLL - Columbus | Front Street, Ohio Listing Agent: Joey Lamb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Powell, OH Land Opportunity

    This property comprises 2.09 acres of land. It is located in Powell, Ohio.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Butler
    State
    Ohio
    Longitude
    -83.0808
    Latitude
    40.1701

    Nearby Similar for Sale

    • Contact for pricing

      Powell Office Building for Sale

      Office building with private entrances, conference room, and kitchenette.
      3751-3847 Attucks Dr, Powell, OH 43065
      View Details
    • $12,500,000

      Former Fitness Center on Sawmill

      Class-A, 53,206 SF building on 5.076 acres in Powell, OH.
      3474 Sawmill Dr, Powell, OH 43065
      View Details
    • $12,500,000
      53,206 SF

      Freestanding Building on Sawmill Parkway

      53,206 SF building on 5.076 acres, prime redevelopment opportunity.
      3474 Sawmill Dr, Powell, OH
      View Details
    • $1,099,999
      3,314 SF

      Prime Powell Retail Opportunity

      High-traffic Dublin Road location, 3,314 sq ft.
      9120 Dublin Rd, Powell, OH 43065
      View Details
    • $850,000
      6,110 SF

      Retail and Boutique Hotel Space

      Mixed-use development with retail and boutique hotel space for rent.
      173 W Olentangy St, Powell, OH
      View Details
    • Contact for pricing
      1,200 SF

      Customizable Flex Space Condominium

      New 1200 SF customizable condominium perfect for personal storage.
      4301 Home Rd, Powell, OH 43065
      View Details
    • $350,000
      1,586 SF

      Powell Office Space For Rent

      Office space available for lease in Powell, Ohio.
      7540 Sawmill Pkwy, Powell, OH
      View Details
    • Contact for pricing
      1,891 SF

      Dublin Road Church Redevelopment Opportunity

      Former church for redevelopment or adaptive reuse in Powell, Ohio.
      9533 Dublin Rd, Powell, OH 43065
      View Details
    • Contact for pricing
      5,068 SF

      Powell, OH Restaurant Investment Opportunity

      NNN leased Another Broken Egg Cafe with zero landlord responsibilities.
      8823 Owenfield Dr, Powell, OH 43065
      View Details
    • Contact for pricing
      2,459 SF

      Del Taco NNN Investment Opportunity

      NNN leased Del Taco with a 20-year primary term.
      8787 Owenfield Dr, Powell, OH 43065
      View Details
    • Contact for pricing
      3,314 SF

      Retail Space on Dublin Road

      Retail space on 0.68 acres near Dublin and Muirfield.
      9120 Dublin Rd, Powell, OH 43065
      View Details

    FAQs

    What type of property is this?
    Land - 2.09 acres of land available in Powell, Ohio.
    Where is this land located?
    The property is located at 110 Grace Dr Powell, OH.
    What are key features of this property?
    This property features: - 2.09 acre land parcel; - Land property type; - Additional property details available
    Request Owner's contact information
    110 Grace Dr Powell, OH 43065
    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.
    110 Grace Dr
    Powell, OH 43065
    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
    110 Grace Dr Powell, OH 43065
    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
    Joey Lamb
    Real Estate License ID: 2020006553
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!