Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Parcel with Road Access Title is generated by Realmo AI

    4400 OH-29, West Jefferson, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land suitable for industrial or commercial use with utilities.

    Type:LAND
    Lot size:
    100.00 Acres
    Added:
    Jun 5, 2025
    Days on Market:
    346
    Last Refresh:
    Apr 5 at 10:54 pm

    Property Features for 4400 OH-29

    General Information

    Standard status
    Active
    Lot size
    100.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Joe Davis
    Joe Davis

    Listing agent Joe Davis License #SAL.2019005168

    Listing office JLL | Columbus

    Listing date Jun 5, 2025

    Source Moodyscre

    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 JLL | Columbus

    HighLights

    • Ideal for industrial/commercial use due to existing US‑29 road infrastructure.
    • Utilities on site located along US‑29.
    • Multiple points of access.
    • Flat site.
    • Tax Abatement potential.
    • Ability to split the parcel.

    Overview

    This land parcel benefits from existing US-29 road infrastructure, making it suitable for industrial or commercial use. The flat site offers multiple points of access and the potential to split the parcel. Utilities are located on site along US-29. There is potential for tax abatement.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.2688
    Latitude
    39.9448

    Nearby Similar for Sale

    • $265,000
      3,281 SF

      Commercial Building with Parking Lot

      Commercial building for sale in high-visibility location with parking.
      74 E Main Street, West Jefferson, OH 43162
      View Details
    • $3,950,000
      43 SF

      Industrial Land on US Highway

      43.56-acre property zoned for planned industrial development.
      U.S. Highway 42, West Jefferson, OH 43162
      View Details
    • $209,000

      West Jefferson Duplex Investment Opportunity

      Well-maintained duplex in West Jefferson, ideal for investors.
      696-698 Kirkwood Drive, West Jefferson, OH 43162
      View Details
    • $209,000

      West Jefferson Duplex: Income Potential

      Well-maintained duplex in West Jefferson offering immediate income potential.
      116 S Frey Avenue, West Jefferson, OH 43162
      View Details
    • $6,175,000

      65 Acre Land Parcel

      65 acre land parcel with utilities in close proximity.
      US-40 W, West Jefferson, OH
      View Details
    • $1,575,000

      Vacant Land East of Jefferson

      Approximately 2.1 acres of vacant land for sale.
      9640 Us Hwy 40, West Jefferson, OH
      View Details
    • $3,950,000

      Highway Land Ready For Development

      43.56 acres zoned for industrial development with utilities on site.
      U.S. Highway 42, West Jefferson, OH 43162
      View Details
    • Contact for pricing

      West Jefferson Commercial Land Available

      Commercial and industrial land with tax abatement and utilities.
      Walker Way, West Jefferson, OH
      View Details
    • Contact for pricing
      1,090,000 SF

      Commerce Parkway Land For Sale

      Land available on Commerce Parkway in West Jefferson, Ohio.
      44 Commerce Pkwy, West Jefferson, OH 43162
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for industrial or commercial use with utilities.
    Where is this land located?
    The property is located at 4400 OH-29 West Jefferson, OH.
    What are key features of this property?
    This property features: Ideal for industrial/commercial use due to existing US‑29 road infrastructure.; Utilities on site located along US‑29.; Multiple points of access.
    (614) 439-5434 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Davis
    Joe Davis
    Real Estate License ID: SAL.2019005168
    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
    4400 OH-29, West Jefferson, OH
    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!