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    Waterfront Lot on Shawnee Lake Title is generated by Realmo AI

    4534 Navajo Trail, Jamestown, OH 45335

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    For Sale
    $349,900

    Rare waterfront lot with boathouse in private lake community.

    Type:Land
    Property size:
    21,419 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $16/SF
    Added:
    Apr 27, 2026
    Days on Market:
    35
    Last Refresh:
    May 19 at 10:13 pm

    Property Features for 4534 Navajo Trail

    General Information

    Standard status
    Active
    Size
    21,419 SF
    Lot size
    0.49 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Shelley Parks
    Shelley Parks

    Listing agent Shelley Parks License #2004021071

    Listing office eXp Realty

    Listing date Apr 27, 2026

    Source Compass

    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 eXp Realty

    HighLights

    • Rare waterfront lot in the private Shawnee Hills community on Shawnee Lake.
    • Brick boathouse with attached shed storage, boat lift, and expansive deck included.
    • Access to private resident‑only Shawnee Lake with boating, fishing, skiing, kayaking, and paddle‑boarding.
    • Utilities available nearby.
    • Opportunity for a custom lake home as a weekend getaway or year‑round residence.
    • Located in a peaceful setting surrounded by mature trees and scenic views.

    Overview

    This property presents a rare opportunity to build a custom lake home on one of the few remaining waterfront lots in the private Shawnee Hills community at Shawnee Lake in Jamestown, Ohio. The lot offers water frontage and possibilities for creating a custom lake home. Shawnee Lake is a private, resident-only lake community known for its peaceful setting and recreational opportunities, including boating, fishing, skiing, kayaking, and paddle-boarding. The property includes a brick boathouse with attached shed storage, a boat lift, and a deck area. The property is suited for a weekend getaway or a year-round waterfront residence. Utilities are available nearby. The lot is surrounded by lake homes, mature trees, and scenery. The sale of the lot is contingent upon the simultaneous sale of the adjacent property located at 4526 Navajo Trail. The property size is 21419 square feet.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Auto Repair Shop Pharmacy Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Greene
    State
    Ohio
    Longitude
    -83.76703
    Latitude
    39.651028

    Nearby Similar for Sale

    • $349,900

      Waterfront Lot in Private Community

      Rare waterfront lot with boathouse in private Shawnee Lake.
      4534 Navajo Trail, Jamestown Vlg, OH 45335
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    • $650,000
      2,642 SF

      Southern Greene County Agricultural Tract

      37-acre agricultural tract with custom home and outbuildings.
      3131 Bone Road, Jamestown, OH 45335
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    • $40,000

      Residential Lot Near Shawnee Lake

      Residential lot with lake access and community amenities.
      0 Oneida Trail, New Jasper Twp, OH 45335
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    • $56,500

      Residential Land with Lake View

      0.44 acre lot with partial lake view in Jamestown.
      4409 Shawnee Trail lot: #642, Jamestown, OH 45335
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    • $40,000

      Residential Lot Near Shawnee Lake

      Residential lot with lake access and community amenities.
      0 Shawnee, Silver Creek Twp, OH 45335
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    • $49,900

      Land with Partial Lake View

      0.44 acre lot with survey and house plans.
      4409-lot #642 Shawnee Trail, Jamestown, OH 45335
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare waterfront lot with boathouse in private lake community.
    Where is this waterfront land located?
    The property is located at 4534 Navajo Trail Jamestown, OH.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Rare waterfront lot in the private Shawnee Hills community on Shawnee Lake.; **Brick boathouse with attached shed storage, boat lift, and expansive deck included.**; Access to private resident‑only Shawnee Lake with boating, fishing, skiing, kayaking, and paddle‑boarding.
    (937) 416-4161
    We can help!
    Listing Contact
    Shelley Parks
    Shelley Parks
    Real Estate License ID: 2004021071
    Learn More
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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.

    More about this property
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