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

    8467 Hazelton-Etna Rd SW, Pataskala, OH 43062

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    6.172 acres of land available for sale or lease.

    Type:Retail, Land
    Lot size:
    6.17 Acres
    Added:
    Aug 13, 2021
    Days on Market:
    1754
    Last Refresh:
    May 12 at 9:32 pm

    Property Features for 8467 Hazelton-Etna Rd SW

    General Information

    Standard status
    Active
    Lot size
    6.17 Acres
    Property subtype
    Retail, Land

    Spaces For Lease

    at 8467 Hazelton-Etna Rd SW Contact us

    We can help!

    Listing Contact
    David Miller

    Listing agent David Miller License #2005006662

    Listing office Metropolitan Holdings LTD

    Listing date Aug 13, 2021

    Source Crexi

    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 Metropolitan Holdings LTD

    HighLights

    • 6.172 acres of land available for sale or lease.
    • Divisible land allows for flexible development options.
    • Located in Etna Township, Pataskala, Ohio, behind a surrounding neighborhood.
    • Strong retail potential, especially for grocery, restaurant, entertainment, and clothing retailers.
    • Limited competition in food service and entertainment sectors.
    • Convenient access to transportation: just over one mile to Interstate 70, with US 40 to the south and Refugee Rd to the north.

    Overview

    This 6.172-acre land parcel is available for sale or lease in Etna Township, Pataskala, Ohio. The site is divisible and located behind a residential neighborhood, presenting a retail opportunity. The location is suitable for grocery stores, restaurants, entertainment venues, and clothing retailers, given the limited competition in food service and entertainment in the area. The property is situated just over one mile from Interstate 70, with US 40 to the south and Refugee Rd to the north.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pataskala
    County
    Licking
    State
    Ohio
    Longitude
    -82.6777
    Latitude
    40.008

    Nearby Similar for Lease

    • $129,900 SF/Yr
      1,656 SF

      Commercial Property in Pataskala, Ohio

      Commercial property available for rent in Pataskala, Ohio.
      6621 Outville Road SW, Pataskala, OH 43062
      View Details
    • Contact for pricing
      2,780 SF

      Retail Space in Hazelwood Plaza

      Retail space available in a high-traffic shopping center.
      360-540 E Broad St , Pataskala, OH
      View Details
    • $22 SF/Yr
      2,011 SF

      Pataskala Office Space Available

      2011 square foot office space for rent in Pataskala.
      186 E Broad St , Pataskala, OH
      View Details
    • $144 SF/Yr

      Office/Warehouse Space Near Intel

      Flex space with offices, warehouse, and included utilities.
      9464 Jersey Mill Rd, Pataskala, OH 43062
      View Details
    • Contact for pricing
      1,277,851 SF

      Pataskala Warehouse Space Available

      One-story warehouse space for rent in Pataskala, Ohio.
      Mink St SW, Pataskala, OH
      View Details
    • Contact for pricing

      Commercial Land Near Intel Factory

      Commercial land suitable for drive-thru near new Intel factory.
      7200-7256 Hazelton-Etna Rd, Pataskala, OH
      View Details
    • Contact for pricing

      Commercial Land Ready For Lease

      Commercial land suitable for drive-thru restaurant near new residences.
      7200 Hazelton-Etna Road Southwest, Pataskala, OH 43062
      View Details
    • $48,000 SF/Yr

      Commercial Land Lease Opportunity

      Commercial land for lease near Intel project in Jersey Township.
      11906 Worthington Rd, Pataskala, OH 43062
      View Details
    • Contact for pricing

      Commercial Land Ready For Lease

      Commercial land available for lease near new Intel factory.
      7200-7256 Hazelton-Etna Rd SW, Pataskala, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.172 acres of land available for sale or lease.
    Where is this commercial land located?
    The property is located at 8467 Hazelton-Etna Rd SW Pataskala, OH.
    What are key features of this property?
    This property features: 6.172 acres of land available for sale or lease.; Divisible land allows for flexible development options.; Located in Etna Township, Pataskala, Ohio, behind a surrounding neighborhood.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Miller
    Real Estate License ID: 2005006662
    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
    8467 Hazelton-Etna Rd SW, Pataskala, OH 43062
    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!