Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    970 Pittsburgh Dr Delaware, OH 43015

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    18 acres of industrial development land available for build-to-suit.

    Lot size:
    18.00 Acres

    Property Features for 970 Pittsburgh Dr

    General Information

    Lot size
    18.00 Acres

    We can help!

    Listing Contact
    Zach Rines
    Source: Moodyscre

    Listing Agent: Zach Rines

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

    Learn more

    Property Insight Report

    Overview

    Industrial Development Land For Lease

    This property offers approximately 18 acres of development land suitable for a build-to-suit industrial opportunity. Located in Delaware, Ohio, the parcel, identified as #41922001020000, is positioned within an area experiencing industrial development. The owner is open to considering various building designs for build-to-suit projects. The municipality is business-friendly, and CSX rail service is available. Outdoor storage may be possible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diverse Manufacturing Solutions Manufacturer De Howe Machine ... Machine Shop Audio Innovations Audio Visual Equipment Supplier ACI Industries Realty ... Real Estate Agency Davis Cargo LLC Transportation Service

    Suggested Use

    Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.1036416
    Latitude
    40.283895

    Nearby Similar for Lease

    • $12 SF/Yr
      31,536 SF

      Delaware, OH Commercial Space

      Office and warehouse space available for lease in Delaware, OH.
      1290 Us Highway 42 N, Delaware, OH 43015
      View Details
    • $749,900
      4,400 SF

      Retail Building with Event Spaces

      Freestanding retail building with bar, event spaces, and kitchen.
      1400 Stratford Rd, Delaware, OH 43015
      View Details
    • $1,250 /Mo
      5,280 SF

      Modern Office Space in Delaware

      Flexible office spaces in downtown Delaware with modern amenities.
      35 N Sandusky St, Delaware, OH 43015
      View Details
    • $389 /Mo
      16,000 SF

      Downtown Delaware Office Suites for Lease

      Prime office suites in downtown Delaware, Ohio, ranging from 43-3,000 SF.
      1 West Winter St, Delaware, OH 43015
      View Details
    • $3,500 /Mo
      20,000 SF

      Turn-Key Bar with Liquor License

      2,200 SF turn-key bar with D5/D6 liquor license.
      1 West Winter St, Delaware, OH 43015
      View Details
    • $5 SF/Yr
      6,035 SF

      Delaware Office Space for Lease

      Flexible Workspace Solutions in Ohio
      1 Winter St, Delaware, OH 43015
      View Details
    • $800 /Mo
      13,024 SF

      Downtown Delaware Office Suites For Lease

      Two 500 SF office suites in vibrant downtown Delaware, OH.
      43 N Sandusky St, Delaware, OH 43015
      View Details
    • $29 SF/Yr
      1,222 SF

      Renovated Retail and Office Space

      Retail, office, and restaurant spaces available in Delaware City.
      60 Lake St, Delaware, OH 43015
      View Details
    • $30 SF/Yr
      8,722 SF

      Delaware Retail Center - US 23

      Prime Retail Space, Multiple Units Available
      64 Coughlin Ln, Delaware, OH 43015
      View Details
    • $13 SF/Yr
      10,924 SF

      Downtown Delaware Executive Office Space

      Modern office suite, 2,737 sq ft, prime location.
      92 Sandusky St, Delaware, OH 43015
      View Details
    • Contact for pricing
      16,000 SF

      Updated Office and Warehouse Space

      Updated office and warehouse near Route 42 & US-23.
      73 London Rd, Delaware, OH 43015
      View Details
    • $14 SF/Yr
      8,591 SF

      Delaware Medical Office Space For Lease

      8,591 SF Medical Office Building Available
      454 Central Ave, Delaware, OH 43015
      View Details

    FAQs

    What type of property is this?
    Land - 18 acres of industrial development land available for build-to-suit.
    Where is this land located?
    The property is located at 970 Pittsburgh Dr Delaware, OH.
    What are key features of this property?
    This property features: - +/- 18 acres of development land ready for build-to-suit industrial opportunity; - Owner will consider a wide range of building designs for build-to-suit; - CSX rail service available
    (614) 436-9800
    Request Owner's contact information
    970 Pittsburgh Dr Delaware, OH 43015
    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.
    970 Pittsburgh Dr
    Delaware, OH 43015
    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
    970 Pittsburgh Dr Delaware, OH 43015
    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
    Zach Rines
    (614) 436-9800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.