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

    801 Leonard Avenue, Zanesville, OH 43701

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land available for a build-to-suit opportunity.

    Type:Land / Commercial
    Added:
    Mar 26, 2020
    Days on Market:
    2260
    Last Refresh:
    May 19 at 11:22 pm

    Property Features for 801 Leonard Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Roberta Lepi
    Roberta Lepi

    Listing agent Roberta Lepi License #284700

    Listing office LEPI & ASSOCIATES

    Listing date Mar 26, 2020

    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 LEPI & ASSOCIATES

    HighLights

    • Seller will build to suit, allowing for customization.
    • Zoned O‑1, suitable for office or institutional uses.
    • Final purchase price determined by buyer's selections.
    • Seller is a licensed real estate broker.
    • Lot is available for development.
    • Opportunity to create a tailored property.

    Overview

    This commercial land is available as a build-to-suit opportunity. The final purchase price will be determined based on the type, size, and finishes selected by the purchaser. The property is zoned O-1.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Zanesville
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.0133949
    Latitude
    39.9709724

    Nearby Similar for Sale

    • $119,900
      1,300 SF

      Versatile Commercial Building in Zanesville

      High-visibility commercial building suitable for retail, office, or warehouse.
      711 Pine Street, Zanesville, OH 43701
      View Details
    • $2,700,000

      107+ Acre Development Opportunity

      Versatile land with airpark, development potential near Intel site.
      5800 Wortman Road, Zanesville, OH 43701
      View Details
    • $850,000

      Colony Business Center For Sale

      Six-unit office complex, fully occupied, with ample parking.
      3608 Maple Avenue, Zanesville, OH 43701
      View Details
    • $1,700,000
      5,925 SF

      Zanesville Commercial Property Near I-70

      Commercial property with office, showroom, and warehouse space near I-70.
      999 Zane St - A, Zanesville, OH 43701
      View Details
    • $1,500,000

      Medical Office Building For Sale

      Professionally finished medical office with additional suites and expansion potential.
      3814 James Court, Zanesville, OH 43701
      View Details
    • $2,000,000

      Zanesville Commercial Land Opportunity

      High-visibility commercial land with development potential in Zanesville, Ohio.
      3322 Newark Road, Zanesville, OH 43701
      View Details
    • $1,500,000

      Versatile Commercial Property in Zanesville

      6,600 sq ft building ideal for service-based operations and trades.
      1545 Highpointe Court, Zanesville, OH 43701
      View Details
    • $99,900

      Commercial Property with Residential Potential

      Commercial space with residential unit in high-traffic location.
      1918 Maple Avenue, Zanesville, OH 43701
      View Details
    • $2,000,000
      13,788 SF

      Zanesville Industrial Facility with Cranes

      13,788 SF industrial facility with cranes and easy highway access.
      999 Zane St - B, Zanesville, OH 43701
      View Details
    • $3,990,000
      27,583 SF

      Baymont by Wyndham Zanesville OH

      Well-maintained 27,583 SF hospitality property in Zanesville, Ohio.
      230 Scenic Crest Dr, Zanesville, OH 43701
      View Details
    • $279,900

      Zanesville Multifamily Home For Sale

      Historic home with updated interiors and strong rental income.
      1019 Findley Avenue, Zanesville, OH 43701
      View Details
    • $420,000

      Zanesville Multifamily Investment Opportunity

      Multifamily property with multiple units and expansion potential.
      3875 Roseville Road, Zanesville, OH 43701
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for a build-to-suit opportunity.
    Where is this commercial land located?
    The property is located at 801 Leonard Avenue Zanesville, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Seller will build to suit, allowing for customization.; Zoned O‑1, suitable for office or institutional uses.; Final purchase price determined by buyer's selections.
    (740) 562-1159
    We can help!
    Listing Contact
    Roberta Lepi
    Roberta Lepi
    Real Estate License ID: 284700
    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
    801 Leonard Avenue, Zanesville, OH 43701
    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!