Add Listing
    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

    11037 Worthington Rd Pataskala, OH 43062

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Development property near New Albany International Business Park and Intel.

    Lot size:
    99.34 Acres

    Property Features for 11037 Worthington Rd

    General Information

    Lot size
    99.34 Acres

    We can help!

    Listing Contact
    Park Shai
    Source: Shai-hess

    Listing Agent: Park Shai

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

    Learn more

    Overview

    Development Property Near Intel Site

    This development property offers accessibility via SR-161 and proximity to the New Albany International Business Park and Intel. The property presents an opportunity for rezoning for commercial use or residential development. Electric, gas, and cable utilities are located at the site. Water and sewer services are upcoming. The location off Worthington Road provides access from Mink Road or SR-310 exits off SR-161, with access to the future Intel site and the New Albany International Business Park.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Storage Facility Electrical Service Plumbing Service Pet Grooming Service Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Pataskala
    County
    Licking
    State
    Ohio
    Longitude
    -82.711729
    Latitude
    40.077098

    Nearby Similar for Sale

    • Contact for pricing
      5,000 SF

      Industrial Building Near I-70 East

      5,000 SF industrial building on 2 acres near I-70.
      10095 Tollgate Rd SW, Pataskala, OH 43062
      View Details
    • Contact for pricing
      12,500 SF

      Industrial Building Near I-70

      12,500 SF industrial building with outside storage near I-70.
      10077 Tollgate Rd SW, Pataskala, OH 43062
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Building Near I-70 East

      5,000 SF industrial building on 2 acres near I-70.
      10095 Tollgate Rd SW, Pataskala, OH 43062
      View Details
    • Contact for pricing
      12,500 SF

      Industrial Building Near I-70

      12,500 SF industrial building with outside storage near I-70.
      10077 Tollgate Rd SW, Pataskala, OH 43062
      View Details
    • Contact for pricing
      1,300,000 SF

      Modern Industrial Facility with Abatement

      1,300,000 SF Class A industrial space with tax abatement.
      10400 Hazelton-Etna Rd, Pataskala, OH
      View Details
    • Contact for pricing
      337,590 SF

      Industrial Development near I-70

      Proposed industrial park with freeway access and visibility.
      Hazelton-Etna Rd, Pataskala, OH
      View Details
    • Contact for pricing
      160,920 SF

      Industrial Buildings Near I-70

      Proposed industrial park with freeway access and visibility.
      Hazelton-Etna Rd SW, Pataskala, OH
      View Details
    • $300,000
      8,400 SF

      Established Barnwood Business in Pataskala

      Profitable Reclaimed Wood Business - Turnkey Operation
      4881 Rd, Pataskala, OH 43062
      View Details
    • $2,750,000
      2,151 SF

      Worthington Road Commercial Property

      Pataskala Mixed-Use Investment Opportunity
      12323 Worthington Rd, Pataskala, OH 43062
      View Details
    • $275,000
      4,386 SF

      Downtown Pataskala Mixed-Use Property

      Prime Pataskala location, versatile zoning, investment opportunity.
      327 Wood St, Pataskala, OH 43062
      View Details
    • $275,000
      4,386 SF

      Downtown Pataskala Commercial Building

      Prime location, versatile zoning, 4,386 sq ft.
      327 Wood St, Pataskala, OH 43062
      View Details
    • $429,900
      1,631 SF

      Pataskala Business Opportunity

      High-exposure commercial property with mobile home.
      12164 Broad St, Pataskala, OH 43062
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development property near New Albany International Business Park and Intel.
    Where is this commercial land located?
    The property is located at 11037 Worthington Rd Pataskala, OH.
    What are key features of this property?
    This property features: - Excellent location near New Albany International Business Park and the future Intel site; - Easily accessible via SR-161, Worthington Road, Mink Road, and SR-310; - Opportunity to re-zone for commercial use or residential development
    (740) 404-0665
    Request Owner's contact information
    11037 Worthington Rd Pataskala, OH 43062
    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.
    11037 Worthington Rd
    Pataskala, OH 43062
    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
    11037 Worthington Rd Pataskala, OH 43062
    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
    Park Shai
    (740) 404-0665 (740) 587-7441 (740) 587-7334
    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!