Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rutland Land with Updated Garage Title is generated by Realmo AI

    668 Main Street, Rutland, OH 45775

    View on Map
    Claim this Listing
    For Sale
    $105,000

    LAND - Rutland, OH

    Lot size:
    1.49 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    18
    Last Refresh:
    May 13 at 11:06 pm

    Property Features for 668 Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1200172000, 12002310
    Lot size
    1.49 Acres

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Cheryl Lemley

    Listing agent Cheryl Lemley License #0000251181

    Listing office Wiseman Real Estate 500 Second Ave, OH

    Listing date Apr 27, 2026

    MLS# 2434359 Listing URL

    Copyright © 2026 Athens County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Reduced Price
    • Two village sewer taps and one water tap included.
    • Garage (approx. 30x40 ft) with updated electrical, newer garage door, man doors, windows, and metal roof.
    • Located outside the flood zone.
    • Access from Brick Street and State Route 124.
    • Versatile footprint suitable for single‑family residence, produce stand, or small commercial venture (subject to village approval).

    Overview

    This 1.49-acre site in Rutland, OH, offers significant potential with access from Brick Street and State Route 124. It includes two village sewer taps and one water tap. The property features a garage approximately 30 by 40 feet with an attached 10 by 40 foot porch. Located outside the flood zone, the site provides a versatile footprint for future use. The garage has been updated in the past 2 to 3 years with an updated electrical system, a newer garage door, newer man doors, newer windows, and a metal roof. The potential for development is substantial, with possible uses including building a single-family residence, utilizing the garage for a produce stand, or establishing a small commercial venture, all subject to village approval. This property offers a great opportunity for a variety of projects and invites inquiry from buyers interested in development potential and immediate utility access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Electrical Service Tech Support Center Home Appliance Store Arcade & Gaming Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Rutland
    County
    Meigs
    State
    Ohio
    Longitude
    -82.1257593
    Latitude
    39.0345473

    Nearby Similar for Sale

    • $70,000
      3,783 SF

      Historic Church in Rutland, Ohio

      Unique historic church with endless possibilities in Rutland, Ohio.
      338 Main St, Rutland, OH 45775
      View Details
    • $675,000

      Meigs County Land For Sale

      Land with diverse topography and excellent wildlife habitat.
      Price Hollow Rd, Rutland, OH 45775
      View Details
    • $56,900

      Land with Pond and Utilities

      Property with pond, utilities, road frontage, and wooded area.
      37406 New Lima Road, Rutland, OH 45775
      View Details

    FAQs

    What type of property is this?
    Commercial land - Versatile 1.49-acre lot with updated garage and utility access.
    Where is this commercial land located?
    The property is located at 668 Main Street Rutland, OH.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: Reduced Price; Two village sewer taps and one water tap included.; **Garage (approx. 30x40 ft) with updated electrical, newer garage door, man doors, windows, and metal roof.**
    (740) 446-3644
    We can help!
    Listing Contact
    Cheryl Lemley
    Real Estate License ID: 0000251181
    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
    668 Main Street, Rutland, OH 45775
    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!