Sign Up Successful!
You now have access to more from Realmo!
    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

    County Road 223 Findlay, OH 45840

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $600,000

    Prime commercial land near I-75 with utilities available.

    Lot size:
    5.89 Acres

    Property Features for County Road 223

    General Information

    Lot size
    5.89 Acres
    Exterior features
    exterior_features, : ["Sewer Available", "Underground Utilities"]

    We can help!

    Listing Contact
    James Koehler
    Source: Kw

    Listing Agency: BHHS Koehler Realty Listing Agent: James Koehler

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

    Learn more

    Overview

    Commercial Land Ready For Development

    This commercial land is located at the corner of County Road 223 and US Route 224 West, situated approximately 0.5 miles west of I-75. The surrounding area includes retail establishments, restaurants, and hotels. The site provides convenient access to the City of Findlay, the highway, and other commercial locations. All utilities are available for immediate construction. The property is currently zoned B-2 general business in Liberty Township, Hancock County, making it suitable for commercial development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Findlay
    County
    Hancock
    State
    Ohio
    Longitude
    -83.677739
    Latitude
    41.056685

    Nearby Similar for Sale

    • $1,900,000
      26,116 SF

      Established Retail Center on Major Corridor

      High-visibility retail center with strong tenant mix and redevelopment potential.
      1016 Tiffin Ave, Findlay, OH 45840
      View Details
    • Contact for pricing
      225,000 SF

      New Industrial Build To Suit

      Up to 225,000 SF available near I-75.
      224 Findlay Bts, Findlay, OH 45840
      View Details
    • Contact for pricing

      Updated Mobile Home in Findlay

      Affordable, updated 2-bedroom mobile home in a friendly community.
      8179 Hazelwood Dr, Findlay, OH 45840
      View Details
    • $204,900

      Clean Duplex Near I-75 Access

      Two-bedroom condo with easy access to I-75.
      905 W Melrose Ave, Findlay, OH 45840
      View Details
    • $179,900

      Findlay Duplex with Porches

      Charming duplex in Findlay with separate utilities and porches.
      416 Lima Ave, Findlay, OH 45840
      View Details
    • $199,000

      Findlay Duplex with Roof Deck

      Two units, separate utilities, roof deck access, great location.
      514 Liberty St, Findlay, OH 45840
      View Details
    • $177,000

      Main Level Condo with Garage

      Three-bedroom condo featuring two owner suites and attached garage.
      1932 Queenswood Dr, Findlay, OH 45840
      View Details
    • $320,000
      1,570 SF

      Findlay Commercial Property on Trenton

      Commercial property for sale in a flourishing Findlay location.
      341 Trenton Ave, Findlay, OH 45840
      View Details
    • $110,000

      Findlay Triplex with Rental Income

      Triplex in Findlay, Ohio, generating monthly rental income.
      247 Crystal Ave, Findlay, OH 45840
      View Details
    • Contact for pricing
      64 SF

      Findlay Office Cubicle Space

      Modern Shared Workspace, Month-to-Month Lease
      323 F, Findlay, OH 45840
      View Details
    • Contact for pricing
      64 SF

      Findlay Office Cubicle Space for Lease

      Modern Shared Workspace, Month-to-Month
      323 Main St, Findlay, OH 45840
      View Details
    • Contact for pricing

      Findlay Office Suite - 7 Private Offices

      Modern office suite in Findlay's Timberstone Complex. Seven private offices, reception area.
      7430 Timberstone Dr, Findlay, OH 45840
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land near I-75 with utilities available.
    Where is this commercial land located?
    The property is located at County Road 223 Findlay, OH.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Prime commercial land at the corner of CR 223 and US Route 224 West.; - Located just ½ mile West of I-75 for easy access.; - Surrounded by retail, restaurants, and hotels.
    Request Owner's contact information
    County Road 223 Findlay, OH 45840
    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.
    County Road 223
    Findlay, OH 45840
    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
    County Road 223 Findlay, OH 45840
    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
    James Koehler
    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.