Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    22.34 Acres Commercial Development Land Title is generated by Realmo AI

    10345 Marne Road, Frazeysburg, OH 43822

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    22.34 acres of commercial development land for sale.

    Type:Land / Commercial
    Property size:
    4,390 SF
    Lot size:
    22.34 Acres
    Price / SF:
    $273/SF
    Added:
    May 21, 2024
    Days on Market:
    739
    Last Refresh:
    May 20 at 6:20 am

    Property Features for 10345 Marne Road

    General Information

    Standard status
    Active
    Size
    4,390 SF
    Lot size
    22.34 Acres
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Alan H Wilson
    Alan H Wilson

    Listing agent Alan H Wilson License #2003017451

    Listing office Olde Town Realty

    Listing date May 21, 2024

    Source Compass

    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 Olde Town Realty

    HighLights

    • 22.34 acres of land suitable for commercial development
    • High visibility with 886 feet of road frontage on State Route 16
    • Additional 1010 feet of road frontage on State Route 586 (Black Run Road)
    • Includes three commercial buildings totaling 4390 square feet
    • Features a 3‑bedroom, 2‑bath ranch residence with a 2‑car garage (1586 sq ft)
    • No current zoning restrictions

    Overview

    This 22.34-acre property is suited for commercial development. It is located at the intersection of State Route 16, 586 (also known as Blackrun Road), and Marne Road, just east of Frazeysburg in Muskingum County, and just east of the Licking County line. The property features 886 feet of road frontage with visibility from State Route 16 and the overpass of State Route 586, along with 1010 feet of road frontage along State Route 586 (Black Run Road). Currently, there are four buildings on the property: three commercial buildings totaling 4390 square feet and a 1586 square foot ranch residence with three bedrooms, two baths, and an attached two-car garage. The property includes an open field, some wooded area in the rear, and a pond. The property currently has no zoning. The commercial buildings are not under lease at this time.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Skin Care Clinic Daycare Center Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Frazeysburg
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.169
    Latitude
    40.1789

    Nearby Similar for Sale

    • $2,993,777

      Prime Farmland & Hunter's Paradise

      176 acres in Knox County, OH, with tillable ground.
      Van Winkle Road, Frazeysburg, OH 43822
      View Details
    • $289,000
      896 SF

      Lush Acres with Dual Living

      9+ acres with two residences, scenic views, and private spring.
      30180 Jug Run Road, Frazeysburg, OH 43822
      View Details
    • $1,400,000
      33,000 SF

      Industrial Warehouse in East Central Ohio

      33,000 SF warehouse with loading dock and drive-ins.
      5695 Eco Parkway, Frazeysburg, OH 43822
      View Details
    • $89,900

      Off-Grid Cabin on Wooded Land

      Cozy cabin on 2.49 acres with hunting and fishing.
      12521 Fallsburg Road NE, Frazeysburg, OH 43822
      View Details
    • Contact for pricing

      Land Parcel in Frazeysburg, Ohio

      44.2 acre wooded land parcel available via online auction.
      Buck Hill Road, Frazeysburg, OH 43822
      View Details
    • $1.00

      Secluded Recreational Land Auction

      111-acre getaway in Coshocton County, Ohio.
      Township Rd 389, Frazeysburg, OH 43822
      View Details
    • $1.00

      Secluded Coshocton County Getaway

      111-acre recreational land with farmhouse and outbuildings.
      16555 Township Road 389, Frazeysburg, OH 43822
      View Details
    • $1,400,000
      32,494 SF

      Warehouse in East Central Ohio

      Warehouse with convenient access to Columbus and Midwest markets.
      5695 Eco Pkwy, Frazeysburg, OH
      View Details
    • $1,400,000
      32,494 SF

      Industrial Warehouse Space For Sale

      32,494 SF industrial warehouse with office and loading docks.
      5695 Eco Parkway #C, Frazeysburg, OH 43822
      View Details
    • $1.00

      Recreational Land in Frazeysburg, OH

      56 acres of wooded recreational land, ideal for hunting.
      Township Rd 389, Frazeysburg, OH 43822
      View Details
    • $1.00

      33.37 Acres in Frazeysburg, OH

      Land with pole building, woods, and open areas.
      Township Rd 389, Frazeysburg, OH 43822
      View Details
    • $89,900
      108,464 SF

      Off-Grid Cabin on Wooded Land

      Cozy cabin on a hilltop with nature views.
      12521 Fallsburg Road Northeast, Frazeysburg, OH 43822
      View Details

    FAQs

    What type of property is this?
    Commercial land - 22.34 acres of commercial development land for sale.
    Where is this commercial land located?
    The property is located at 10345 Marne Road Frazeysburg, OH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 22.34 acres of land suitable for commercial development; High visibility with **886 feet of road frontage on State Route 16**; Additional 1010 feet of road frontage on State Route 586 (Black Run Road)
    (740) 607-4750
    We can help!
    Listing Contact
    Alan H Wilson
    Alan H Wilson
    Real Estate License ID: 2003017451
    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

    Thank You for Inquiry
    10345 Marne Road, Frazeysburg, OH 43822
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!