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    Highway Accessible Redevelopment Opportunity Title is generated by Realmo AI

    43510 National Rd, Belmont, OH 43718

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    210-acre mixed-use redevelopment site with highway visibility.

    Type:Land
    Property size:
    8,000 SF
    Lot size:
    210.00 Acres
    Added:
    Oct 26, 2021
    Days on Market:
    1684
    Last Refresh:
    May 19 at 10:58 pm

    Property Features for 43510 National Rd

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    210.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Joseph Luckino

    Listing agent Joseph Luckino License #OH 2015003760

    Listing office Cedar One Realty

    Listing date Oct 26, 2021

    Source Crexi

    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 Cedar One Realty

    HighLights

    • Prime redevelopment opportunity on over 210 acres with excellent highway access and visibility from I‑70.
    • Suitable for a large mixed‑use project including industrial, office, retail, hotels, and/or residential development.
    • Legacy property with a history of hosting large events (Jamboree in the Hills).
    • Existing infrastructure includes a 100 ft by 80 ft industrial building, an acre concrete pad (370 ft x 100 ft), and an additional acre of concrete parking.
    • Features 72KV commercial underground power, speed fiber optic lines, and a 6‑inch water line.
    • Conveniently located 1.5 hours from Pittsburgh, PA and 20 minutes from Wheeling, WV.

    Overview

    This property, formerly the site of Jamboree in the Hills, offers redevelopment potential on over 210 acres. The property is located off the highway and less than 10 minutes from I-70, providing visibility from the interstate. The site is suited for a large mixed-use project with potential for industrial, office, retail, hotels, and condos or residential development. Most of the acreage is cleared, flat, and rolling. The central building, suitable for industrial use, measures approximately 100 ft by 80 ft. Adjacent to this building is a concrete pad measuring almost an acre, around 370 ft by 100 ft wide, along with another acre of concrete parking. There are also two buildings that were previously office space, each around 3400 sq ft, as well as other buildings and pavilions. The property features 72KV commercial power available underground, speed fiber optic lines along the frontage, and a 6-inch water line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Storage Facility Bar & Pub Computer & Electronic Repair Bed & Breakfast Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Belmont
    State
    Ohio
    Longitude
    -81.01498
    Latitude
    40.070457

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    FAQs

    What type of property is this?
    Commercial land - 210-acre mixed-use redevelopment site with highway visibility.
    Where is this commercial land located?
    The property is located at 43510 National Rd Belmont, OH.
    What are key features of this property?
    This property features: Prime redevelopment opportunity on over 210 acres with excellent highway access and visibility from I‑70.; Suitable for a large mixed‑use project including industrial, office, retail, hotels, and/or residential development.; Legacy property with a history of hosting large events (Jamboree in the Hills).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph Luckino
    Real Estate License ID: OH 2015003760
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    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.

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