Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Riverside Drive Land Opportunity Title is generated by Realmo AI

    8161 Riverside Drive, Powell, OH 43065

    View on Map
    Claim this Listing
    New
    For Sale
    $1,299,999

    LAND - Powell, OH

    Lot size:
    12.34 Acres
    Added:
    May 11, 2026
    Days on Market:
    1
    Last Refresh:
    May 11 at 11:06 pm

    Property Features for 8161 Riverside Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    319-230-02-030-000
    Lot size
    12.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5270

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1956

    We can help!

    Listing Contact
    Craig Richardson

    Listing agent Craig Richardson

    Listing office Keller Williams Capital Ptnrs 100 E Wilson Bridge Road, Worthington, OH

    Listing date May 11, 2026

    MLS# 226016367 Listing URL

    Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare 12.34‑acre property in a desirable location on Riverside Drive in Powell.
    • Borders two holes of the Scioto Reserve Golf Course, offering scenic views and privacy.
    • Potential for a private estate, family compound, equestrian property, or future residential development.
    • Features mature trees and open green space in a picturesque landscape.
    • Conveniently located minutes from golf, shopping, and dining in Powell and Dublin.
    • Water Available.

    Overview

    Located along Riverside Drive in Powell, this 12.34-acre property presents an opportunity for creating a private estate, exploring development potential, or enjoying a natural setting. The land features mature trees and open green space, situated near golf courses, shopping, and dining options in Powell and Dublin. The property's size and location offer possibilities for future use. Bordering two holes of the Scioto Reserve Golf Course, the property provides a combination of natural beauty, privacy, and open views. Potential uses include a private retreat, family compound, equestrian property, or future residential development. This property is located in Delaware County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Powell
    County
    Butler
    State
    Ohio
    Longitude
    -83.0808
    Latitude
    40.1701

    Nearby Similar for Sale

    • $1.51
      13,330 SF

      Powell Office Building for Sale

      Office building with private entrances, conference room, and kitchenette.
      3751-3847 Attucks Drive, Powell, OH 43065
      View Details
    • $319,000

      Three Acre Homesite in Powell

      Three acre lot suitable for building a home.
      Liberty Road, Powell, OH 43065
      View Details
    • $12,500,000
      53,206 SF

      Former Fitness Center on Sawmill

      Class-A, 53,206 SF building on 5.076 acres in Powell, OH.
      3474 Sawmill Drive, Powell, OH 43065
      View Details
    • $1,500,000
      1 SF

      Prime Outparcel on Sawmill Parkway

      1.864-acre pad-ready site with high visibility and ample parking.
      0 Sawmill Drive, Powell, OH 43065
      View Details
    • $354,500

      Powell Land Parcel For Sale

      Prime land parcel in downtown Powell near Village Green Park.
      217 Liberty St, Powell, OH
      View Details
    • $299,000

      Residential Land in Powell, Ohio

      2.7 acre residential land near Sawmill Parkway in Powell.
      Liberty Road, Powell, OH 43065
      View Details
    • $250,000

      Residential Land in Olentangy District

      1.7-acre building lot in a convenient, quiet location.
      Liberty Road, Powell, OH 43065
      View Details
    • $229,000

      Residential Land in Olentangy District

      1.5 acre building lot in Olentangy School District.
      Liberty Road, Powell, OH 43065
      View Details
    • $229,000

      Residential Land in Olentangy District

      1.2-acre lot in a peaceful country atmosphere near amenities.
      Liberty Road, Powell, OH 43065
      View Details
    • $295,500

      Land Near Village Green Park

      Commercial land for sale near Village Green Park.
      209 South Liberty Street , Powell, OH
      View Details
    • $250,000

      Residential Land in Olentangy District

      1.5-acre lot in a peaceful country atmosphere near amenities.
      Liberty Road, Powell, OH 43065
      View Details
    • $1,000,000

      10 Acres in Liberty Township

      Two 5-acre parcels in desirable Liberty Township, Delaware County.
      Clark-Shaw Road, Powell, OH 43065
      View Details

    FAQs

    What type of property is this?
    Land - Rare 12.34-acre property in Powell, Ohio, with development potential.
    Where is this land located?
    The property is located at 8161 Riverside Drive Powell, OH.
    What is the asking price?
    The asking price for this property is $1,299,999.
    What are key features of this property?
    This property features: Rare 12.34‑acre property in a desirable location on Riverside Drive in Powell.; Borders two holes of the Scioto Reserve Golf Course, offering scenic views and privacy.; Potential for a private estate, family compound, equestrian property, or future residential development.
    (614) 787-8986
    We can help!
    Listing Contact
    Craig Richardson
    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
    8161 Riverside Drive, Powell, OH 43065
    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!