Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    273 Saratoga St Delaware, OH 43015

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $239,900

    Cape Cod with first-floor suite, pond view, near downtown.

    Property size:
    1,315 SF

    Property Features for 273 Saratoga St

    General Information

    Size
    1,315 SF

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Ronald Waterwash
    Source: Kw

    Listing Agent: Ronald Waterwash

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Charming Cape Cod with Pond View

    This Cape Cod style home is located within a desirable community on the western edge of Delaware. It features a covered front porch with views of a pond. The home has been freshly painted and includes a first-floor primary suite with a private bath and walk-in closet. The main level features a vaulted great room with a fireplace. The upper level includes a loft, a second bedroom, and a full bath. A new hot water heater has been installed. The kitchen appliances remain. Outdoor living is enhanced by a rear patio, a detached two-car garage, and an additional parking space located beside the garage. The property offers easy access to downtown Delaware and stores. The property size is 1315 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    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
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.1147966
    Latitude
    40.3012908

    Nearby Similar for Sale

    • $1,500,000
      5,239 SF

      Downtown Retail Investment Opportunity

      5,239 SF retail property in downtown Delaware, OH.
      27 N Sandusky St, Delaware, OH 43015
      View Details
    • $350,000

      Established Hair Salon Franchise Opportunity

      Turn-key hair salon franchise in high-traffic Columbus area.
      Delaware, OH 43015
      View Details
    • $499,950
      10,000 SF

      Historic Building in Downtown Delaware

      10,000 SF historic building suitable for office or residential use.
      45 Lake St, Delaware, OH 43015
      View Details
    • $475,000
      3,264 SF

      Historic Office Building in Delaware

      Charming two-story office building in the heart of the Historic District.
      15 N Franklin St, Delaware, OH 43015
      View Details
    • $499,950
      10,000 SF

      Historic Building in Downtown Delaware

      10,000 SF historic building suitable for office or residential use.
      45 Lake St, Delaware, OH 43015
      View Details
    • $699,000
      3,722 SF

      Renovated Office Building on Sandusky

      Stand-alone office building in booming Delaware city community.
      611 S Sandusky St, Delaware, OH 43015
      View Details
    • $50,000
      1,400 SF

      Boutique Apparel Business For Sale

      Established boutique apparel business with FF&E and inventory included.
      29 North Sandusky St, Delaware, OH 43015
      View Details
    • $395,000
      1,334 SF

      Retail Property in Downtown Delaware

      Retail property with long-term tenant near Ohio Wesleyan College.
      29-31 N Sandusky St, Delaware, OH 43015
      View Details
    • $2,000,000
      9,403 SF

      Downtown Delaware Retail Property

      Retail property with redevelopment opportunity in downtown Delaware, OH.
      57 N Sandusky St, Delaware, OH 43015
      View Details
    • $4,600,000
      2,261 SF

      Delaware Office Space For Sale

      Office spaces available near Ohio Health Grady Memorial Hospital.
      454-460 W Central Ave, Delaware, OH 43015
      View Details
    • $475,000
      3,264 SF

      Historic Office Building in Delaware

      Two-story office building built in 1821 with ample parking.
      15 N Franklin St, Delaware, OH 43015
      View Details
    • Contact for pricing
      255,947 SF

      New Industrial Spec Building

      255,947 SF industrial building with 32' clear height.
      2039 Pittsburgh Dr, Delaware, OH 43015
      View Details

    FAQs

    What type of property is this?
    Single family property - Cape Cod with first-floor suite, pond view, near downtown.
    Where is this single family property located?
    The property is located at 273 Saratoga St Delaware, OH.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - Highly desirable community on the western edge of Delaware.; - FIRST-FLOOR PRIMARY SUITE with private bath and walk-in closet.; - Serene views of a beautiful pond from the covered front porch.
    Request Owner's contact information
    273 Saratoga St Delaware, OH 43015
    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.
    273 Saratoga St
    Delaware, OH 43015
    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
    273 Saratoga St Delaware, OH 43015
    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

    We can help!
    Listing Contact
    Ronald Waterwash
    Learn more
    Google sign-in failed. Please try again or use another login method.