Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10520 Red Fir Ct Plain City, OH 43064

    Sponsored
    For Sale
    $184,055

    Wooded lot in desirable Jerome Village; Dublin schools.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This 13,068 square foot lot, located at 10520 Red Fir Court in Plain City, Ohio (zip code 43064), presents a unique opportunity to build a custom home. Situated in the highly sought-after Ash Grove neighborhood within Jerome Village, this property offers a tranquil setting with a captivating wooded tree line view. The community boasts extensive bike and walking paths leading to the Jerome Village Community Center, complete with pools, a fitness center, and a restaurant. Residents enjoy easy access to the Dublin schools and the Glacier Ridge Metro Park, both connected to the comprehensive Dublin Path system. Enjoy convenient proximity to the vibrancy of Downtown Dublin, Bridge Park, and a variety of restaurants. Furthermore, a new Kroger Marketplace is under construction along Route 42, just a short drive away. The asking price for this exceptional lot is $184,055. Don't miss this chance to create your ideal home in a thriving community.

    Property Features for 10520 Red Fir Ct

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Kevin Yates
    Kevin Yates

    Learn more

    HighLights

    • $184,055 asking price.
    • 13,068 square foot land lot.
    • Located in the desirable Ash Grove neighborhood of Jerome Village, Plain City, OH.
    • Wooded tree line view.
    • Access to community amenities including walking/biking paths, community center with pools and fitness center.
    • Convenient to Dublin schools, Glacier Ridge Metro Park, Downtown Dublin, Bridge Park, and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Hair Salon Pharmacy Auto Parts Store Gym & Fitness Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Plain City
    County
    Union
    State
    Ohio
    Longitude
    -83.2006534
    Latitude
    40.1654512

    Nearby Comparable

    • $475,000

      Prime Plain City Residential Land

      1.8 Acres, Dublin Schools, Build Your Dream Home
      0 Brock Rd, Plain City, OH 43064
      View Details
    • $325,274

      Prime Plain City Residential Lot

      Build Your Dream Home in Jerome Village
      8360 Canopy Glen Dr, Plain City, OH 43064
      View Details
    • $182,985

      Prime Plain City Residential Lot

      10,890 SF Buildable Lot in Jerome Village
      7844 Sparrow Run Dr, Plain City, OH 43064
      View Details
    • $1,200,000

      Prime 5-Acre Wooded Lot in Plain City

      Dublin Schools, Wooded Lot, AS-IS
      7379 Brock Rd, Plain City, OH 43064
      View Details
    • $325,000

      Retail Corner Site in Plain City

      Corner 0.733 acre retail site in Plain City, Ohio.
      10035 Industrial Pkwy, Plain City, OH 43064
      View Details
    • Contact for pricing
      2.00 Acres

      Prime Commercial Land in Ohio

      Versatile land, ideal for development.
      10321 Industrial Pkwy, Plain City, OH 43040
      View Details
    • $995,000
      6,030 SF

      Office and Manufacturing/Warehouse Space

      Two units with office and manufacturing/warehouse space in Plain City.
      7801 Corporate Blvd, Plain City, OH 43064
      View Details
    • $1,115,000
      6,030 SF

      7801 Corporate Blvd Industrial Property

      Ohio Manufacturing Facility: $1.1M, 6,030 SF
      7801 Corporate Blvd, Plain City, OH 43064
      View Details
    • Contact for pricing

      Land Tracts Development Opportunity

      Land suitable for residential, commercial, and mixed-use development.
      Converse Rd, Plain City, OH 43064
      View Details
    • Contact for pricing
      160.00 Acres

      Prime 160-Acre Data Center Land

      Ohio Data Center Site - Ready to Build
      0 Industrial Pkwy, Marysville, OH 43064
      View Details
    • $124,500

      Prime Plain City Land Parcel

      10,890 SF lot, build your dream home.
      10119 Biscayne Ct, Plain City, OH 43064
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      5,010 SF

      Plain City Warehouse with Storage

      5,010 SF warehouse with office, storage, and drive-in doors.
      7475 Montgomery Rd, Plain City, OH 43064
      View Details
    • $995,000
      6,030 SF

      Office and Manufacturing/Warehouse Space

      Two units with office and manufacturing/warehouse space in Plain City.
      7801 Corporate Blvd, Plain City, OH 43064
      View Details
    • $1,115,000
      6,030 SF

      7801 Corporate Blvd Industrial Property

      Ohio Manufacturing Facility: $1.1M, 6,030 SF
      7801 Corporate Blvd, Plain City, OH 43064
      View Details

    FAQs

    What type of property is this?
    Land - Wooded lot in desirable Jerome Village; Dublin schools.
    Where is this land located?
    The property is located at 10520 Red Fir Ct Plain City, OH.
    What is the asking price?
    The asking price for this property is $184,055.
    What are key features of this property?
    This property features: $184,055 asking price.; 13,068 square foot land lot.; Located in the desirable Ash Grove neighborhood of Jerome Village, Plain City, OH.
    Request Owner's contact information
    10520 Red Fir Ct Plain City, OH 43064
    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.
    10520 Red Fir Ct
    Plain City, OH 43064
    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
    10520 Red Fir Ct Plain City, OH 43064
    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

    We can help!
    Listing Contact
    Kevin Yates
    Kevin Yates
    Real Estate License ID: 2006004285
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.