Land with Large
1274 Township Road 204 Bellefontaine, OH 43311
For Sale
$795,000
LAND - Other - Bellefontaine, OH
Property Size9,600 SF
Lot Size12.71 Acres
Price / SF$82.81
Days on Market195
Property Features for 1274 Township Road 204
General Information
Property type
Land
Property subtype
Other
Standard status
Active
APN
080900000047001
Size
9,600 SF
Lot size
12.71 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Utilities
Propane
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
2005
Architectural style
Other
Listing Agency:
Royer Realty LLC
(937) 592-7653
Listed By:
Bryn Daring-Stewart · License #2012000044
(937) 592-7653
Added: Jan 15
Changed: Jul 29
Last Checked: Jul 29 at 3:06PM
MLS# 1043330
Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A 12.71-acre rural property in Logan County, Ohio, offering both land and a substantial outbuilding for a wide range of uses. The outbuilding measures 160x60 and was built in 2005, with seven overhead doors (six 12' doors and one 14' door). Interior improvements include concrete floors, full electricity, and a fully equipped bathroom. A portion of the shop has central HVAC, while the remainder is heated with overhead tube heating, supporting year-round functionality.
The property includes scenic walking or ATV trails, a designated camping area, and productive tillable ground for crops or pasture. Farmer reserves crop rights for 7 acres currently farmed, and possession is negotiable.
Overall, this is a multi-use rural land offering with a large, functional shop and on-site amenities designed to support equipment storage, work space, and outdoor recreation on the same parcel.
The property includes scenic walking or ATV trails, a designated camping area, and productive tillable ground for crops or pasture. Farmer reserves crop rights for 7 acres currently farmed, and possession is negotiable.
Overall, this is a multi-use rural land offering with a large, functional shop and on-site amenities designed to support equipment storage, work space, and outdoor recreation on the same parcel.
Key Highlights
- 12.7‑acre Logan County, Ohio property with gently rolling terrain and varied topography
- Outbuilding built in 2005: 160x60' shop with seven overhead doors (six 12' and one 14')
- Shop features concrete floors, full electricity, and a fully equipped bathroom
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.5k | $6.41 |
| − Vacancy | −$5.2k | −$0.54 |
| EGI | $56.4k | $5.87 |
| − OpEx | −$8.5k | −$0.88 |
| NOI | $47.9k | $4.99 |
9,600 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$684.3K
$598.8K – $798.4K
NOI $47,901 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,650 @ 7.0% cap · market cap 17.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Rural acreage with a 160x60 outbuilding built in 2005, featuring seven overhead doors, concrete floors, and a full bathroom.
Where is this agricultural land / farmland located?
The property is located at 1274 Township Road 204 Bellefontaine, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 12.7‑acre Logan County, Ohio property with gently rolling terrain and varied topography; Outbuilding built in 2005: 160x60' shop with seven overhead doors (six 12' and one 14'); Shop features concrete floors, full electricity, and a fully equipped bathroom
