Prime Development Opportunity in
For Sale
$950,000
4200 Hazelton Etna Rd SW, Pataskala, OH 43062
Six contiguous parcels ideal for retail, multi-family, or mixed-use development.
Property Size3,043 SF
Price / SF$312.19
Days on Market194
Property Features for 4200 Hazelton Etna Rd SW
General Information
Standard status
Active
Size
3,043 SF
Building Details
Year Built
2006
Listing Agency:
RE/MAX Town Center
Listed By:
Ronald D Kendle · License #2015003009
(614) 325-6295
Source:
Dreamcolumbus
Added: Mar 27
Changed: Oct 4
Last Checked: Oct 5 at 9:38PM
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 Town Center
Investment Insights
Based on property information with market context.
This offering consists of six contiguous parcels, presenting a development opportunity in a rapidly growing corridor. The combined acreage is suitable for various development concepts, including neighborhood retail, higher-density residential, or a coordinated mixed-use project. The location offers strong visibility and convenient access to major roadways. The site is positioned to benefit from continued residential and commercial growth in the surrounding area. The property, with a size of 3043, is ideal for retail, multi-family, mixed-use, or overlay development, subject to zoning and approvals.
Key Highlights
- Prime development opportunity in a rapidly growing corridor.
- Six contiguous parcels offered together as an assemblage.
- Ideal for retail, multi‑family, mixed‑use, or overlay development (subject to zoning and approvals).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,512
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,240
$990.2K
Cap Rate 7%
$707,314
$707.3K
Cap Rate 9%
$550,133
$550.1K
Market Conditions
NOI Build-Up for 3,043 SF
Gross rent
$82.2K $27.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$79.2K $26.03/SF
− OpEx
−$29.7K −$9.76/SF
NOI
$49.5K $16.27/SF
Area
Licking County, OH
Vacancy
3.58%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,240
Cap Rate 7%
$707,314
Cap Rate 9%
$550,133
Alternative Uses
Best Use
Mixed Use
$707.3K
$618.9K – $825.2K
NOI $49,512 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.44M
$2.14M – $2.85M
NOI $171,073 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Six contiguous parcels ideal for retail, multi-family, or mixed-use development.
Where is this commercial land located?
The property is located at 4200 Hazelton Etna Rd SW Pataskala, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime development opportunity in a rapidly growing corridor.; Six contiguous parcels offered together as an assemblage.; Ideal for retail, multi‑family, mixed‑use, or overlay development (subject to zoning and approvals).
