Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hebron Land for Development Title is generated by Realmo AI

    575 East Main Street, Hebron, OH 43025

    View on Map
    Claim this Listing
    For Sale
    $200,000

    2.73 acres of land suitable for development.

    Type:Land / Development
    Property size:
    118,918 SF
    Lot size:
    2.73 Acres
    Price / SF:
    $1.68/SF
    Added:
    Feb 6, 2021
    Days on Market:
    1939
    Last Refresh:
    May 21 at 10:03 am

    Property Features for 575 East Main Street

    General Information

    Standard status
    Active
    Size
    118,918 SF
    Lot size
    2.73 Acres
    Property subtype
    Land / Development

    We can help!

    Listing Contact
    Kevin W Ours

    Listing agent Kevin W Ours License #2006005277

    Listing office Red 1 Realty

    Listing date Feb 6, 2021

    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 Red 1 Realty

    HighLights

    • 2.73 acres of land ripe for development
    • Located in the Village of Hebron along Main St.
    • 100' west of State Route 79
    • Property could be re‑zoned
    • Seller to assist re‑zoning efforts

    Overview

    This property features 2.73 acres of land available for development, situated along Main Street in the Village of Hebron, and located 100 feet west of State Route 79. The property may be suitable for rezoning, with the seller offering assistance in rezoning efforts. The property size is 118918 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hebron
    County
    Licking
    State
    Ohio
    Longitude
    -82.48292
    Latitude
    39.961777

    Nearby Similar for Sale

    • $199,900

      Hebron Land For Sale

      2.36 acres near Lakewood High School with utilities.
      E Main Street, Hebron, OH 43025
      View Details
    • $2,500,000
      13,360 SF

      Hebron Warehouse Investment Opportunity

      Warehouse investment opportunity with income and development potential in Hebron.
      3570 National Rd SW , Hebron, OH
      View Details
    • $2,500,000

      Industrial Property Investment Opportunity

      Three buildings on 10.767 acres with income and potential.
      3570 National Road SE, Hebron, OH 43025
      View Details
    • Contact for pricing
      3 SF

      Hebron Land Near Buckeye Lake

      2.65 acres in Hebron, OH, near Buckeye Lake.
      10910 Mill Dam, Hebron, OH 43025
      View Details
    • $499,900
      54,861 SF

      Former School Redevelopment Opportunity

      Expansive 54,000+ SQFT building on nearly 2.5 acres.
      709 Deacon Street, Hebron, OH 43025
      View Details
    • Contact for pricing
      54,784 SF

      Hebron Industrial Facility with Cranes

      84,000 SF industrial facility on 13 acres in Hebron.
      116 Enterprise Dr, Hebron, OH
      View Details
    • $650,000
      3,306 SF

      Renovated Drive-Thru with Retail Space

      Drive-thru restaurant with additional retail space in Hebron, Ohio.
      161 N High Street, Hebron, OH 43025
      View Details
    • $711,110

      Land in Hebron, Ohio

      Land with easy access to major routes and retailers.
      129 S High St, Hebron, OH
      View Details
    • $186,875

      Hebron Commercial Land For Sale

      Commercial land with development potential near transportation routes.
      Arrowhead Dr, Hebron, OH
      View Details
    • Contact for pricing

      Hebron Road Land Opportunity

      Land available on Hebron Road in Hebron, Ohio.
      3169-3261 Hebron Rd, Hebron, OH
      View Details
    • $100,000

      Hebron Rail-Feasible Land Site

      26-acre rail-feasible land site in Hebron, Ohio.
      2522 Beaver Run Road Southeast, Hebron, OH
      View Details
    • $200,000

      Hebron, OH Land for Development

      2.73 acres of land for development in Hebron, OH.
      575 E Main Street, Hebron, OH 43025
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.73 acres of land suitable for development.
    Where is this commercial land located?
    The property is located at 575 East Main Street Hebron, OH.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 2.73 acres of land ripe for development; Located in the Village of Hebron along Main St.; 100' west of State Route 79
    (740) 404-0417
    We can help!
    Listing Contact
    Kevin W Ours
    Real Estate License ID: 2006005277
    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
    575 East Main Street, Hebron, OH 43025
    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!