Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Jackson Center Title is generated by Realmo AI

    303 Colinsworth, Jackson Center, OH 45334

    View on Map
    Claim this Listing
    For Sale
    $49,900

    LAND - Jackson Center, OH

    Lot size:
    0.48 Acres
    Added:
    Aug 17, 2025
    Days on Market:
    272
    Last Refresh:
    May 15 at 2:06 am

    Property Features for 303 Colinsworth

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    200615280004
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Kristi Bayhan

    Listing agent Kristi Bayhan

    Listing office Key Realty 102 Zanesfield Rd., West Liberty, OH

    Listing date Aug 17, 2025

    MLS# 1040777 Listing URL

    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.

    HighLights

    • Take advantage of a 5‑year tax abatement.
    • Building lot available, ready for your dream home.
    • Benefit from village water and public sewer services.
    • Natural gas available for your convenience.
    • Opportunity to choose your own builder and customize your home.

    Overview

    This 0.48-acre building lot is located in Jackson Center, Ohio. It offers village water and sewer services, along with natural gas availability. A 5-year tax abatement is in place, providing a financial incentive for new construction. The property is suitable for building a new home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Big Box & Wholesale Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jackson Center
    County
    Shelby
    State
    Ohio
    Longitude
    -84.030584
    Latitude
    40.433529

    Nearby Similar for Sale

    • $149,000
      4,466 SF

      Former VFW Hall on 1.5 Acres

      Commercial property on 1.5 acres, high traffic area.
      17500 State Route 274, Jackson Center, OH 45334
      View Details
    • $59,900

      Land in Jackson Center, OH

      Commercial land suitable for business with residential potential in Jackson Center.
      406 E Pike Street, Jackson Center, OH 45334
      View Details
    • $57,900

      Residential Land in Jackson Center

      Corner lot for residential construction with tax abatement and utilities.
      200 Nicholson, Jackson Center, OH 45334
      View Details
    • $59,900

      Residential Land in Jackson Center

      Corner lot available for residential construction with tax abatement.
      225 Hudson Drive, Jackson Center, OH 45334
      View Details
    • $54,900

      Residential Land in Jackson Center

      Residential lot available for new home construction in Jackson Center.
      309 Hudson Drive, Jackson Center, OH 45334
      View Details
    • $49,900

      Residential Land in Jackson Center

      Residential land for sale with tax abatement and utilities.
      307 Hudson Drive, Jackson Center, OH 45334
      View Details
    • $82,900

      Residential Land in Jackson Center

      Large lot in cul-de-sac with tax abatement and utilities.
      307 Colinsworth, Jackson Center, OH 45334
      View Details
    • $56,900

      Residential Land in Jackson Center

      Corner lot available for building a dream home in Jackson Center.
      301 COLINSWORTH, Jackson Center, OH 45334
      View Details
    • $56,900

      Residential Land in Jackson Center

      Corner lot for building a dream home with tax abatement.
      301 Hudson Drive, Jackson Center, OH 45334
      View Details
    • $83,900

      Residential Land in Jackson Center

      Large lot for building a custom home with tax abatement.
      206 Nicholson, Jackson Center, OH 45334
      View Details
    • $49,900

      Residential Land in Jackson Center

      Building lot with tax abatement and village utilities available.
      304 Hudson Drive, Jackson Center, OH 45334
      View Details
    • $49,900

      Residential Land in Jackson Center

      Residential land for sale, build your dream home!
      302 Colinsworth, Jackson Center, OH 45334
      View Details

    FAQs

    What type of property is this?
    Land - Building lot with tax abatement and village utilities available.
    Where is this land located?
    The property is located at 303 Colinsworth Jackson Center, OH.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Take advantage of a **5‑year tax abatement**.; Building lot available, ready for your dream home.; Benefit from village water and public sewer services.
    (877) 539-7589
    We can help!
    Listing Contact
    Kristi Bayhan
    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
    303 Colinsworth, Jackson Center, OH 45334
    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!