Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14 Acres of Agricultural Land Title is generated by Realmo AI

    14631 ST RT 15, Defiance, OH 43512

    View on Map
    Claim this Listing
    For Sale
    $165,000

    14 acres of land with utilities and new slab.

    Type:Farm
    Lot size:
    14.00 Acres
    Added:
    Aug 20, 2025
    Days on Market:
    285
    Last Refresh:
    May 19 at 11:10 pm

    Property Features for 14631 ST RT 15

    General Information

    Standard status
    Active
    Lot size
    14.00 Acres
    Property subtype
    Farm

    We can help!

    Listing Contact
    Jamie Vogelsong

    Listing agent Jamie Vogelsong

    Listing office RE/MAX Realty of Defiance

    Listing date Aug 20, 2025

    Source Kw

    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 RE/MAX Realty of Defiance

    HighLights

    • 14 Acres of Land with Development Potential
    • Ayersville Water and Sewer Available
    • Electric Service (200 AMP) Already Installed
    • New Slab Poured, Ready for Double Wide Home
    • Approximately 10 Acres of Tillable Land
    • Two Parcels Included

    Overview

    This 14-acre agricultural property offers a range of possibilities. The land is currently zoned for agriculture and includes access to Ayersville water and sewer services, as well as electricity. A new slab has been poured, featuring a 4-foot footer, 3/8 rebar, and a 24-foot grid, with dimensions of 26 feet 10 inches by 60 feet 2 inches, suitable for a double-wide structure. Water, sewer, and electric (200 AMP Pedestal Meter Toledo Edison) lines have been run from the road to the slab. Rezoning will be required for building purposes. Taxes are based on the original 28 acres. Approximately 10 acres are currently tillable. The property consists of two parcels: F12-0007-0-010-17 and F12-0007-0-010-21.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Defiance
    County
    Defiance
    State
    Ohio
    Longitude
    -84.3569
    Latitude
    41.3548

    Nearby Similar for Sale

    • $225,000

      Commercial Site on Stadium Drive

      Commercial land suitable for QSR or retail development.
      57 Stadium Drive, Defiance, OH 43512
      View Details
    • $1,999,200

      Prime Land Off Elliot Road

      Land available near high-traffic area, can divide or build.
      00 Carpenter Road, Defiance, OH 43512
      View Details
    • $4,740,000

      Prime Land Near High Traffic

      Divisible land suitable for industrial use near major roads.
      0 Domersville Road, Defiance, OH 43512
      View Details
    • $13
      20,056 SF

      In-Line Shopping Center For Sale

      20,056 SF shopping center with move-in ready suites.
      100 Stadium Dr, Defiance, OH 43512
      View Details
    • $400,000

      6.108 Acres Land For Sale

      6.108 acres of land at State Route 15.
      0 AGNES Street, Defiance, OH 43512
      View Details
    • $245,000

      Well-Maintained Condo in Defiance

      Move-in ready condo with open concept and mature trees.
      786 Miami Drive, Defiance, OH 43512
      View Details
    • $60,000

      Highway Exposure Land For Sale

      Commercial land available with highway exposure.
      83 and 133 Fox Run Drive, Defiance, OH 43512
      View Details
    • Contact for pricing
      45 SF

      Industrial Land Parcels Available

      45-acre industrial land with M-2 and M-3 zoning.
      East Commerce Dr, Defiance, OH 43512
      View Details
    • $181,320

      Highway Exposure Industrial Land

      Fully developed industrial land ready for construction with highway exposure.
      167 Fox Run Dr, Defiance, OH
      View Details
    • $295,000

      Commercial Lot in Growing Area

      One-acre commercial lot with utilities in a growing area.
      8627 N State Route 66, Defiance, OH 43512
      View Details
    • $185,000

      Land with Pond and Barn

      Land featuring a stocked pond and pole barn.
      22585 Defiance-paulding County Line Road, Defiance, OH 43512
      View Details
    • $23,000

      Updated Two-Bedroom Mobile Home

      Move-in ready, updated two-bedroom, one-bath mobile home for sale.
      6909 Sr 66 Lot #28, Defiance, OH 43512
      View Details

    FAQs

    What type of property is this?
    Farm - 14 acres of land with utilities and new slab.
    Where is this farm located?
    The property is located at 14631 ST RT 15 Defiance, OH.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: 14 Acres of Land with Development Potential; Ayersville Water and Sewer Available; Electric Service (200 AMP) Already Installed
    (419) 769-2790
    We can help!
    Listing Contact
    Jamie Vogelsong
    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
    14631 ST RT 15, Defiance, OH 43512
    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!