Wooded Resort with Five
For Sale
$2,999,999
25873 Big Pine Road, Rockbridge, OH 43149
Furnished short-term rental retreat with a lodge, private outdoor amenities, and guest-focused recreation features.
Property Size8,840 SF
Days on Market41
Property Features for 25873 Big Pine Road
General Information
Standard status
Active
Size
8,840 SF
Property subtype
Business Opportunity
Taxes and HOA fees
Annual Taxes
$17,359
Building Details
Building Size
8,840 SF
Listing Agency:
Rock House Realty LLC
(614) 747-2155
Listed By:
Sarah Claypool · License #2023003929
Source:
Honnerlawrealestate
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 10:18AM
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 Rock House Realty LLC
Investment Insights
Based on property information with market context.
Harvest Moon Cottages is a furnished short-term rental resort comprising five cabins on nearly 40 wooded acres. The collection includes three two-bedroom cabins, one three-bedroom cabin, and The Lodge, a five-bedroom accommodation with a private pub, game room, wood-burning fireplace, and space for up to 16 guests. Each unit includes a full kitchen, fireplace, Jacuzzi hot tub, Weber grill, outdoor dining area, firepit, and wooded views. An on-site garage and laundry facility support property maintenance and guest turnovers.
The property includes a stocked pond and wooded walking trails, with direct access to more than 200 acres of Hocking Hills State Forest. It also borders Saltpetre Cave, a protected permit-only area, and is 1.8 miles from Conkle's Hollow. Old Man's Cave, Cedar Falls, Ash Cave, and the town of Logan are located minutes away. The property is located at 25873 Big Pine Road in Rockbridge, Ohio.
The property includes a stocked pond and wooded walking trails, with direct access to more than 200 acres of Hocking Hills State Forest. It also borders Saltpetre Cave, a protected permit-only area, and is 1.8 miles from Conkle's Hollow. Old Man's Cave, Cedar Falls, Ash Cave, and the town of Logan are located minutes away. The property is located at 25873 Big Pine Road in Rockbridge, Ohio.
Key Highlights
- Five furnished cabins: Chateau, Peacepipe, Dreamcatcher, Overlook, and The Lodge
- Nearly 40 wooded acres with a stocked pond and walking trails
- The Lodge includes 5BR/3.5BA, a private pub, game room, and accommodations for up to 16 guests
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,349
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,826,980
$1.8M
Cap Rate 7%
$1,304,986
$1.3M
Cap Rate 9%
$1,014,989
$1.0M
Market Conditions
NOI Build-Up for 8,840 SF
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.
Gross rent
$180.3K $20.40/SF
− Vacancy
−$14.2K −$1.61/SF
EGI
$166.1K $18.79/SF
− OpEx
−$74.7K −$8.45/SF
NOI
$91.3K $10.33/SF
Area
Hocking County, OH
Vacancy
7.90%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,826,980
Cap Rate 7%
$1,304,986
Cap Rate 9%
$1,014,989
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,349 @ 7.0% cap · market cap 3.04%
Second Best
Hotel Hospitality
$995.7K
$871.2K – $1.16M
NOI $69,697 @ 7.0% cap · market cap 2.32%
Theoretical Best
Warehouse
$1.78M
$1.56M – $2.08M
NOI $124,720 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 43149, OH
2,335
Population
1,125
Households
2.1
Avg Household Size
47
Median Age
21%
College-Educated
91%
High-School Grad
54.1 sq mi
ZIP Area
43
Density / Sq Mi
$57,004
Median Household Income
$46,918
Median Earnings
$1,113
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Resort - Furnished short-term rental retreat with a lodge, private outdoor amenities, and guest-focused recreation features.
Where is this resort located?
The property is located at 25873 Big Pine Road Rockbridge, OH.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Five furnished cabins: Chateau, Peacepipe, Dreamcatcher, Overlook, and The Lodge; Nearly 40 wooded acres with a stocked pond and walking trails; The Lodge includes 5BR/3.5BA, a private pub, game room, and accommodations for up to 16 guests
