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

    39 Green Meadows Dr S Lewis Center, OH 43035

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,995,000

    1.97 acre redevelopment site with high traffic volume.

    Lot size:
    1.97 Acres

    Property Features for 39 Green Meadows Dr S

    General Information

    Lot size
    1.97 Acres

    We can help!

    Listing Contact
    Jackson Pulliam
    Source: Moodyscre

    Listing Agent: Jackson Pulliam

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

    Learn more

    Overview

    Redevelopment Site on U.S. 23

    This 1.97-acre redevelopment site benefits from access via U.S. 23 and Green Meadows Drive South. The location on U.S. 23 offers high traffic volume, with over 43,000 vehicles per day. The site features nearly 300 feet of frontage on U.S. 23. Plumbing, sewer, gas, and electric utilities are available on site.
    Location Intelligence

    Current Use by Public Records

    Highbanks Dental Dentist Brown Stephen D ... Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0174014
    Latitude
    40.1523556

    Nearby Similar for Sale

    • $4,795,000
      37,500 SF

      Lewis Center Climate-Controlled Industrial Building

      Temperature-controlled industrial building with office and warehouse space for sale.
      535 Enterprise Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      16,372 SF

      Green Meadows Corporate Park Office

      8,120 SF office space in Lewis Center, Ohio.
      400 Venture Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      12,432 SF

      Functional Industrial Building For Sale

      4,137 SF building on 1.53 acres with industrial zoning.
      300 Enterprise Dr, Lewis Center, OH 43035
      View Details
    • $216,900
      1,270 SF

      Updated Condo in Olentangy District

      Move-in ready condo with updates, finished basement, and attached garage.
      692 Parkbluff Way, Lewis Center, OH 43035
      View Details
    • $159,900
      1,242 SF

      Established Dry Cleaning Business Opportunity

      Turnkey dry cleaning business for sale in a high-traffic location.
      Business Opportunity St, Lewis Center, OH 43035
      View Details
    • $239,900
      1,344 SF

      Updated Condo Near Polaris Mall

      Updated condo in Olentangy schools, near Polaris Mall.
      765 Parkgrove Way, Lewis Center, OH 43035
      View Details
    • $1,325,000
      8,569 SF

      Mixed-Use Commercial Building Investment

      Income-producing mixed-use building in developing downtown Lewis Center.
      1550 Lewis Center Rd, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      84,824 SF

      Lewis Center Warehouse/Production Facility

      84,000 SF warehouse/production facility with office space available for sale.
      7801 N Central Dr, Lewis Center, OH 43035
      View Details
    • $375,000
      1,716 SF

      Ranch Condo in Bale Kenyon

      3-bedroom, 2.5-bath ranch condo with private patio and garage.
      3477 Birkland Cir, Lewis Center, OH 43035
      View Details
    • $3,235,000
      5,167 SF

      New Retail Property For Sale

      New construction retail property with long-term lease and drive-thru.
      55 Meadow Park Ave, Lewis Center, OH 43035
      View Details
    • $1,500,000
      9,480 SF

      Daycare Facility For Sale

      Well-located daycare facility licensed for 94 children for sale.
      7810 Graphics Way, Lewis Center, OH 43035
      View Details
    • $2,582,835

      Ninja Xpress Car Wash

      Full-service car wash with redevelopment potential on 1.681 acres.
      8062 Orange Center Dr, Lewis Center, OH 43035
      View Details

    FAQs

    What type of property is this?
    Land - 1.97 acre redevelopment site with high traffic volume.
    Where is this land located?
    The property is located at 39 Green Meadows Dr S Lewis Center, OH.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: - Prime location on highly trafficked U.S. 23 with Traffic Volume over 43,000 per day; - 1.97 acre redevelopment site; - Nearly 300' of frontage on U.S. 23
    (614) 285-7234
    Request Owner's contact information
    39 Green Meadows Dr S Lewis Center, OH 43035
    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.
    39 Green Meadows Dr S
    Lewis Center, OH 43035
    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
    39 Green Meadows Dr S Lewis Center, OH 43035
    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
    Jackson Pulliam
    (614) 285-7234
    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.