Agricultural Land With
2182 Patterson Road SW, Pataskala, OH 43062
For Sale
$1,250,000
Under Contract
Land, Pataskala, OH
Property Size4,565 SF
Lot Size26.62 Acres
Price / SF$273.82
Days on Market95
Property Features for 2182 Patterson Road SW
General Information
Property type
Property subtype
Zoning description
Lot features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Building Details
Year built
Listing Agency:
Keller Williams Capital Ptnrs · Keller Williams Realty
(614) 888-1000
Listed By:
Andrew Louis Notturniano
(614) 506-5775
Added: Aug 12
Changed: Sep 28
Last Checked: Nov 14 at 12:06AM
MLS# 226030455
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This agricultural land offering comprises 26.62+/- contiguous acres across two tax parcels in Jersey Township. The terrain is gently rolling, with a mix of open and wooded areas and approximately 993 feet of road frontage. Current zoning is Rural Residential under Licking County and Jersey Township regulations.
The property includes a 4,565-square-foot, two-story residence with 3BR/2.1BA, a detached garage, and an additional outbuilding. Dual HVAC systems and a whole-home generator are among the residence improvements. The home was built in 1969. AEP electric and Columbia gas are identified at the site, while the property also lists private sewer. The land is located near SR-161, the Intel Ohio One campus, and the New Albany International Business Park.
The property includes a 4,565-square-foot, two-story residence with 3BR/2.1BA, a detached garage, and an additional outbuilding. Dual HVAC systems and a whole-home generator are among the residence improvements. The home was built in 1969. AEP electric and Columbia gas are identified at the site, while the property also lists private sewer. The land is located near SR-161, the Intel Ohio One campus, and the New Albany International Business Park.
Key Highlights
- 26.62+/- contiguous acres across two tax parcels
- Approximately +/-993 feet of road frontage
- Gently rolling terrain with open and wooded areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,809
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,180
$836.2K
Cap Rate 7%
$597,271
$597.3K
Cap Rate 9%
$464,544
$464.5K
Market Conditions
NOI Build-Up for 4,565 SF
Gross rent
$79.4K $17.40/SF
− Vacancy
−$3.4K −$0.75/SF
EGI
$76.0K $16.65/SF
− OpEx
−$34.2K −$7.49/SF
NOI
$41.8K $9.16/SF
Area
Licking County, OH
Vacancy
4.30%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,180
Cap Rate 7%
$597,271
Cap Rate 9%
$464,544
Alternative Uses
Best Use
Apartment 5plus
$597.3K
$522.6K – $696.8K
NOI $41,809 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.19M
$1.04M – $1.39M
NOI $83,190 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Trade Area within ½ mile
9
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Demographics for 43062, OH
32,125
Population
11,979
Households
2.7
Avg Household Size
39
Median Age
32%
College-Educated
94%
High-School Grad
74.3 sq mi
ZIP Area
432
Density / Sq Mi
$100,450
Median Household Income
$53,329
Median Earnings
$1,334
Median Rent
$292,100
Median Home Value
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Market
Properties on Market for Agricultural land / Farmland in Licking County
Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Contiguous farmland combines rolling open and wooded areas, substantial road frontage, and an existing two-story residence.
Where is this agricultural land / farmland located?
The property is located at 2182 Patterson Road SW Pataskala, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 26.62+/- contiguous acres across two tax parcels; Approximately +/-993 feet of road frontage; Gently rolling terrain with open and wooded areas
