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

    13347 Us Hwy 23 Ashville, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    188 acres with retail opportunity in growing Pickaway County.

    Type:LAND
    Lot size:
    188.00 Acres
    Added:
    Apr 9, 2025
    Days on Market:
    386
    Last Refresh:
    Apr 5 at 10:56 pm

    Property Features for 13347 Us Hwy 23

    General Information

    Standard status
    Active
    Lot size
    188.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    John Mally
    John Mally

    Listing agent John Mally License ##2023003870

    Listing office NAI Ohio Equities

    Listing date Apr 9, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Ohio Equities

    Overview

    188 Acres in South Bloomfield

    This property features 188 acres in the Village of South Bloomfield, including over 25,038 square feet of building improvements. The site is devisable, presenting a retail opportunity within the fast-growing Pickaway County. It is situated adjacent to a new ODOT rest stop. Sewer access is nearby. The location benefits from a growing residential area and a strong labor market. Located 25 minutes south of Downtown Columbus, the property includes over 1,990 feet of road frontage on US-23, which sees 30,000 vehicles per day.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Auto Parts Store Storage Facility Garden Center Wine and Liquor Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashville
    County
    Pickaway
    State
    Ohio
    Longitude
    -82.9947
    Latitude
    39.7346

    Nearby Similar for Sale

    • $225,000

      Residential Land Near Grove City

      3.5-acre lot near Grove City with mature trees.
      4740 State Route 316 W, Ashville, OH 43103
      View Details
    • $160,000

      Residential Land in Ashville, OH

      3-acre parcel ready for your dream home.
      Ett Noecker Road, Ashville, OH 43103
      View Details
    • $650,000

      Versatile Land Near Ashville, OH

      29.75 acres perfect for a home, farm, or recreation.
      Hagerty Road, Ashville, OH 43103
      View Details
    • $4,960,000

      61.9 Acres Raw Land

      61.9 acres of raw land in Ashville, Ohio.
      Duvall Road, Ashville, OH 43103
      View Details
    • $7,000,000

      Highway Commercial Land Available

      25 acres of highway commercial land with high traffic frontage.
      14337 Us Highway 23, Ashville, OH
      View Details
    • Contact for pricing
      40 SF

      Prime Land Investment Opportunity

      40 acres in the Columbus area with retail potential.
      13347 U S 23, Ashville, OH 43103
      View Details
    • $10,900,000
      188 SF

      188 Acre Development Opportunity

      188 acres with 25,038+ SF of building improvements in Ashville.
      13155 U.S. 23, Ashville, OH 43103
      View Details
    • Contact for pricing

      145 Acres on US-23

      145 acres of land with frontage on US-23.
      US Hwy 23, Ashville, OH
      View Details
    • Contact for pricing
      25,038 SF

      40 Acres Retail Frontage Opportunity

      40 acres with improvements near new Sheetz in Ashville, OH.
      13347 US-23, Ashville, OH 43103
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Commercial land for sale, lease, or build-to-suit opportunity.
      5005 Corinne Dr, Ashville, OH 43103
      View Details

    FAQs

    What type of property is this?
    Land - 188 acres with retail opportunity in growing Pickaway County.
    Where is this land located?
    The property is located at 13347 Us Hwy 23 Ashville, OH.
    What is the asking price?
    The asking price for this property is $10,900,000.
    What are key features of this property?
    This property features: 188 Acres in the Village of South Bloomfield; 25,038+ SF of Building Improvements; **1,990+ Ft of Road Frontage on US‑23**
    (614) 570-7804 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Mally
    John Mally
    Real Estate License ID: #2023003870
    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!