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

    15155 Sauerkraut Rd Logan, OH 43138

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,300,000

    57.95-acre Hocking Hills property with existing attractions and development potential.

    Lot size:
    57.95 Acres

    Property Features for 15155 Sauerkraut Rd

    General Information

    Standard status
    Active
    Lot size
    57.95 Acres
    Exterior features
    Deck, Contact Utility Company, Asphalt Shingle
    Interior features
    Heat Pump-Electric, Central Air

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Sharon A Gadacz
    Source: Kw

    Listing Agent: Sharon A Gadacz

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

    Learn more

    Property Insight Report

    Overview

    Hocking Hills Entertainment Destination

    This 57.95-acre property in Hocking Hills features existing attractions and development potential. Existing infrastructure includes two commercial bathrooms, a three-bedroom, two-bath home, and parking for over 300 vehicles. An existing 40x40 commercial stage is suited for concerts and entertainment. Equestrian facilities include a horse barn with 10 stalls, electricity, and water. Recreational attractions include a rope course, a 'Mystery House', a 'Vertigo Tunnel', a 40x30 chalet with deck seating and a garage below, and a paintball course with an office trailer. The property also features 15 miles of ATV trails and six electrical services throughout. Potential uses include an RV park or cabins, and the property could be suitable for weddings or corporate outings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NevilleBillie Adventure Park Adventure Sports

    Suggested Use

    Hotel & Motel Auto Parts Store HVAC Service Electrical Service Electronics & Wireless Store Bakery Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Logan
    County
    Hocking
    State
    Ohio
    Longitude
    -82.4441514
    Latitude
    39.5057766

    Nearby Similar for Sale

    • $529,999
      13,024 SF

      Historic Logan Commercial Building

      Prime downtown location, 10,144 rentable sq ft.
      4 Main St, Logan, OH 43138
      View Details
    • $400,000
      2,300 SF

      Established Auto Shop in Logan

      60+ year auto service center with real estate for sale.
      71 E 2Nd St, Logan, OH 43138
      View Details
    • $333,222
      16,000 SF

      Logan Mixed-Use Historic Building

      Prime Location, High Potential, 16,000 sq ft
      54 Main St, Logan, OH 43138
      View Details
    • $379,900
      4,740 SF

      Logan, OH Special Purpose Building

      Spacious Post-Frame Building on 2+ Acres
      38575 Davis Chapel Rd, Logan, OH 43138
      View Details
    • $179,900
      8,376 SF

      Logan Church - Prime Location

      8,376 SF Church Building - $179,900
      321 Hunter St, Logan, OH 43138
      View Details
    • Contact for pricing

      Post Frame Building on Acres

      Post frame building with lean-to on 2+ acres.
      38575 Davis Chapel Rd, Logan, OH 43138
      View Details
    • $379,900
      4,740 SF

      Logan Mixed-Use Property - 2 Acres

      Spacious mixed-use building, ample land, great location.
      38575 Davis Chapel Rd, Logan, OH 43138
      View Details
    • $374,222
      16,000 SF

      Historic Logan, OH Gem

      Prime Hocking Hills Location, Huge Potential
      54 Main St, Logan, OH 43138
      View Details

    FAQs

    What type of property is this?
    Amusement park - 57.95-acre Hocking Hills property with existing attractions and development potential.
    Where is this amusement park located?
    The property is located at 15155 Sauerkraut Rd Logan, OH.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - 57.95 acres in Hocking Hills with unlimited potential.; - Existing infrastructure includes a 3-bedroom 2-bath home and parking for 300+ cars.; - Commercial stage (40x40) for concerts and entertainment.
    (716) 754-8995
    Request Owner's contact information
    15155 Sauerkraut Rd Logan, OH 43138
    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.
    15155 Sauerkraut Rd
    Logan, OH 43138
    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
    15155 Sauerkraut Rd Logan, OH 43138
    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
    Sharon A Gadacz
    (716) 754-8995 (716) 579-2958
    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!